XRP.X in upward trend: 10-day moving average crossed above 50-day moving average on November 12, 2024
The 10-day moving average for XRP.X crossed bullishly above the 50-day moving average on November 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 26 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 04, 2024. You may want to consider a long position or call options on XRP.X as a result. In 66 of 138 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 48%.
The Moving Average Convergence Divergence (MACD) for XRP.X just turned positive on November 06, 2024. Looking at past instances where XRP.X's MACD turned positive, the stock continued to rise in 23 of 56 cases over the following month. The odds of a continued upward trend are 41%.
XRP.X moved above its 50-day moving average on November 07, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +13.47% 3-day Advance, the price is estimated to grow further. Considering data from situations where XRP.X advanced for three days, in 196 of 402 cases, the price rose further within the following month. The odds of a continued upward trend are 49%.
The Aroon Indicator entered an Uptrend today. In 111 of 244 cases where XRP.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 45%.
$XRP
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