Market in last 1 week
Today’s Trend analysis
Price expected to see a sideways movement as the price has observed resistance after riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from above, histogram size decreasing in the positive region suggesting a bullish bias. RSI at 68, above the midline in the neutral region with a pullback from overbought. CCI at 133, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in value as the price increase while decreased with a decline in price indicating a strenghtened buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XRPUSD saw an uptrend after the price started to ride the upper band
- Price volatility was very high. The market moved ~22.12%, between $0.3086 and $0.2527
Today’s Trend analysis
- XRPUSD expected to see a sideways movement as the price has observed resistance after riding the upper band with Bollinger band expansion
- Price at the time of publishing: $0.2921
- XRP’s market cap: $13.22 Billion
- Oscillator indicators are mostly neutral. RSI at 68 in the neutral region.
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull MA indicates selling opportunities
- Volume indicators observed an increase in value as the price increase while decreased with a decline in price
Price expected to see a sideways movement as the price has observed resistance after riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from above, histogram size decreasing in the positive region suggesting a bullish bias. RSI at 68, above the midline in the neutral region with a pullback from overbought. CCI at 133, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in value as the price increase while decreased with a decline in price indicating a strenghtened buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
