XRPUSD(4Hr): XRP moving bullish
Market in the last 24hrs
The price seems to oscillate on the middle Bolliger band as it moves sideways. Trading volume has been very high in the last 24 hours. The trading volume can be seen decreasing suggesting uncertainty among investors which can be seen in the consolidated momentum of the price.
Today’s Trend analysis
The price is expected to move in a slight bullish momentum as the price can be seen moving above the middle Bollinger band suggesting a slight bullish momentum.
Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15.
Price at the time of publishing: $1.27
XRP’s market cap: $60.06 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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 price seems to oscillate on the middle Bolliger band as it moves sideways. Trading volume has been very high in the last 24 hours. The trading volume can be seen decreasing suggesting uncertainty among investors which can be seen in the consolidated momentum of the price.
Today’s Trend analysis
The price is expected to move in a slight bullish momentum as the price can be seen moving above the middle Bollinger band suggesting a slight bullish momentum.
Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15.
Price at the time of publishing: $1.27
XRP’s market cap: $60.06 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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.
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Any feedback and suggestions would help in further improving the analysis!
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