XRP/USD Basic Analysis
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Currently, the price has been within channel seven for 27 days. This is well above the average of 21.82 days. However, this is only within the confidence interval of 42.5%. This will climb very quickly to 90% if the price stays within this channel for another 9 days. The probability of a move into channel 8 is as follows:
9/18/17(Today): 42.5%
9/19/17: 50
9/20/17: 56.5%
9/21/17: 62%
9/21/17: 67.5%
9/22/17: 72%
9/23/17: 76%
9/24/17: 79.5%
9/25/17: 82.5%
9/26/17: 85%
9/27/17: 87%
9/28/17: 89%
9/18/17(Today): 42.5%
9/19/17: 50
9/20/17: 56.5%
9/21/17: 62%
9/21/17: 67.5%
9/22/17: 72%
9/23/17: 76%
9/24/17: 79.5%
9/25/17: 82.5%
9/26/17: 85%
9/27/17: 87%
9/28/17: 89%
Note
79.5% confidence of a move into the next channel.Note
82.5%Note
Today, XRP broke up to channel 8 at the 85% CI.
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