XRP(4Hr) : XRP to see some consolidation after moving above 1$

2021년 8월 17일

Market in the last 24hrs
The price moved below the middle Bollinger band and can be seen touching the bottom Bollinger band. Trading volume has been very high in the last 24 hours.

Today’s Trend analysis
The price is expected to move in a consolidated momentum and oscillate between the bottom and the upper Bollinger band. The price volatility is expected to be low as the Bollinger band can be seen converging.

Price volatility was low at approximately 8.78%, with the day's range between $1.14 — $1.3.
Price at the time of publishing: $1.18
XRP’s market cap: $54.78 Billion

However, the Indicator summary is giving a 'NEYTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.

Out of 15 Moving average indicators, 5 are giving SELL signal, 1 is giving neutral and 9 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!