XRPUSD to see sideways movement | Bollinger Band expansion

Market in last 1 weel

-XRPUSD saw an uptrend with rejection from the upper Bollinger Band
-Price volatility was very high. The market moved ~30.4%, between $0.326 and $0.250

Today’s Trend analysis
-XRPUSD expected to see sideways movement as got rejected from upper Bollinger Band
-Price at time of publishing: $0.304
-XRP’s market cap: $13 Billion
-Oscillator indicators are mostly neutral. RSI at 82 in overbought region.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles being. The volume decreased from 166.6M to 36.06M.

Price expected to see sideways movement as Bollinger Band expanded and rejected the price. Most of the Oscillator indicators are neutral. MACD histogram is positive, size increasing in the posittive region. RSI at 82, in the overbought region with a downmove. CCI at 130, in the overbought region increasing downwards. Another interesting point to notice here is that the price after rejecting upper Bollinger Band consolidated.
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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.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

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- Mudrex