XRPUSD(4Hr) : XRP saw a big jump in the last 24 hours
Market in the last 24hrs
The XRPUSD saw a bullish momentum as the price moved from the middle Bollinger band to the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen increasing with an increase in price suggesting a strong bullish momentum.
Today’s Trend analysis
The recent red tick is suggesting that the price has accepted the upper Bollinger band as a resistance line, thus a consolidated momentum is more likely with a slight indication of bullish momentum. The gap between the upper and lower Bollinger band suggest that price volatility can be high.
Price volatility was high at approximately 7.44%, with the day's range between $0.98 — $1.02.
Price at the time of publishing: $1.01
XRP’s market cap: $47.1 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
The XRPUSD saw a bullish momentum as the price moved from the middle Bollinger band to the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen increasing with an increase in price suggesting a strong bullish momentum.
Today’s Trend analysis
The recent red tick is suggesting that the price has accepted the upper Bollinger band as a resistance line, thus a consolidated momentum is more likely with a slight indication of bullish momentum. The gap between the upper and lower Bollinger band suggest that price volatility can be high.
Price volatility was high at approximately 7.44%, with the day's range between $0.98 — $1.02.
Price at the time of publishing: $1.01
XRP’s market cap: $47.1 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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