XRP(4Hr) : XRP falls below a major support line
Market in the last 24hrs
XRPUSD moved in a consolidated manner in the last 24 hours. The price moved below the triangle suggesting a possible bearish momentum in the future. Trading volume has been low for the past 24 hours.
Today’s Trend analysis
The price moved below the triangle suggesting a bearish momentum. The price is expected to see the said bearish momentum till it reaches the bottom Bollinger band after which we can expect a consolidated bearish momentum if the price accepts the bottom Bollinger band as a support line.
Price volatility was extremely low at approximately 1.14%, with the day's range between $0.573 — $0.591.
Price at the time of publishing: $0.581
XRP’s market cap: $26.84 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low 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!
XRPUSD moved in a consolidated manner in the last 24 hours. The price moved below the triangle suggesting a possible bearish momentum in the future. Trading volume has been low for the past 24 hours.
Today’s Trend analysis
The price moved below the triangle suggesting a bearish momentum. The price is expected to see the said bearish momentum till it reaches the bottom Bollinger band after which we can expect a consolidated bearish momentum if the price accepts the bottom Bollinger band as a support line.
Price volatility was extremely low at approximately 1.14%, with the day's range between $0.573 — $0.591.
Price at the time of publishing: $0.581
XRP’s market cap: $26.84 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low 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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