XRP(4Hr) : XRP saw a jump in price
Market in the last 24hrs
XRPUSD saw a major bullish trend in the last 24 hours with the price moving above the upper Bollinger band. Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future.
Today’s Trend analysis
XRPUSD expected to see a slight decline in price as the latest candle suggests that the price has expected the upper Bollinger band as a support line. The price can be expected to reach the middle band and then follow a consolidated movement from there.
Price volatility was high at approximately 3.48%, with the day's range between $0.624— $0.657.
Price at the time of publishing: $0.648
XRP’s market cap: $29.9 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 is giving a BUY signal.
Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future. 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!
XRPUSD saw a major bullish trend in the last 24 hours with the price moving above the upper Bollinger band. Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future.
Today’s Trend analysis
XRPUSD expected to see a slight decline in price as the latest candle suggests that the price has expected the upper Bollinger band as a support line. The price can be expected to reach the middle band and then follow a consolidated movement from there.
Price volatility was high at approximately 3.48%, with the day's range between $0.624— $0.657.
Price at the time of publishing: $0.648
XRP’s market cap: $29.9 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 is giving a BUY signal.
Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future. 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!
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