XRPUSD(4HR) : XRP experiencing slow and steady growth

Market in the last 24hrs
The price can be seen moving in a slight bullish momentum as it moved from the middle to the upper Bollinger band. The trading volume has been high in the last 24 hours can be seen increasing throughout the day.

Today’s Trend analysis
The price is expected to move in an overall bullish momentum as the trading volume can be seen increasing with an increase in price.

Price volatility was low at approximately 4.95%, with the day's range between $1.07 — $1.13.
Price at the time of publishing: $1.12
XRP’s market cap: $52.41 Billion

However, the Indicator summary is giving a 'BUY' 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, 3 are giving SELL signal, 1 is giving neutral and 11 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!


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