XRPUSD(4Hr) : Ripple showing its potential
Market in the last 24hrs
The price saw a bullish momentum as the price moved from the lower to the upper Bollinger band. Trading volume can be seen rising in the last 24 hours while the increase in price suggests a strong bullish momentum.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till it accepts the Upper Bollinger band as a support line after which it is expected to oscillate between the upper and the middle Bollinger band.
Price volatility was extremely high at approximately 5.71%, with the day's range between $1.08 — $1.15.
Price at the time of publishing: $1.15
XRP’s market cap: $53.73 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 6 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 saw a bullish momentum as the price moved from the lower to the upper Bollinger band. Trading volume can be seen rising in the last 24 hours while the increase in price suggests a strong bullish momentum.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till it accepts the Upper Bollinger band as a support line after which it is expected to oscillate between the upper and the middle Bollinger band.
Price volatility was extremely high at approximately 5.71%, with the day's range between $1.08 — $1.15.
Price at the time of publishing: $1.15
XRP’s market cap: $53.73 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 6 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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