Market in the last 24hrs
XRPUSD moved in an upward momentum along with the upper Bollinger band . Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in an upward momentum till the price moves above the upper Bollinger band after which a consolidated momentum is expected.
Price volatility was moderate at approximately 4.76%, with the day’s range between $1.23 — $1.32.
Price at the time of publishing: $1.3
XRP’s market cap: $60.68 Billion
However, the Indicator summary is giving a ‘BUY’ signal on XRPUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is 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.
Any feedback and suggestions would help in further improving the analysis!