The data released by Bureau of Census for Durable Goods Orders on 26th August, 2024 has come in at an increase to 4.3% for July 2024. Compared to the previous release for June 2024 at -2.0%, we can see that business confidence is increasing month over month.
To see the impact and volatility of XRP's price during the Durable Orders release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
In the period prior to the release, the trading volume was 40.629M XRP with prices swinging between 0.5928 and 0.5993, representing a swing of 1.08%. Subsequently, the trading volume increased considerably by 58% to 64.042M XRP. Price action ranged from a low of 0.5860 to a high of 0.5945, a difference of 1.43%
Analysing on a lower time frame to get a more accurate picture, 2.007M XRP in trading volume was observed prior to the data release. Prices ranged between a low of 0.5928 to a high of 0.5952, a 0.40% change. Immediately following, trading volume increased significantly by 637% to 14.785M XRP. At this time, XRP hit a low of 0.5860 with a high of 0.5933, a significant change of 1.23%.
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
XRP
Open
0.6013Close
0.588524h Change
-0.0128 (-2.18%)24h High
0.602124h Low
0.578224h Volume
235.612M XRPUS Durable Goods Orders
Bureau of Census
26th August, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Time | Open | High | Low | Close | Change | Amplitude | Volume |
---|---|---|---|---|---|---|---|
1 Minute | |||||||
Before | 0.5932 | 0.5932 | 0.5931 | 0.5932 | 0.00% | 0.02% | 62,930 XRP |
During | 0.5932 | 0.5932 | 0.5926 | 0.5929 | -0.05% | 0.10% | 506,747 XRP |
5 Minutes | |||||||
Before | 0.5934 | 0.5935 | 0.5928 | 0.5932 | -0.03% | 0.12% | 609,280 XRP |
During | 0.5932 | 0.5933 | 0.5887 | 0.5896 | -0.61% | 0.78% | 5.246M XRP |
10 Minutes | |||||||
Before | 0.5943 | 0.5948 | 0.5928 | 0.5932 | -0.19% | 0.34% | 1.222M XRP |
During | 0.5932 | 0.5933 | 0.5876 | 0.5894 | -0.64% | 0.96% | 9.781M XRP |
15 Minutes | |||||||
Before | 0.5952 | 0.5952 | 0.5928 | 0.5932 | -0.34% | 0.40% | 2.007M XRP |
During | 0.5932 | 0.5933 | 0.586 | 0.5871 | -1.04% | 1.23% | 14.785M XRP |
30 Minutes | |||||||
Before | 0.5958 | 0.5963 | 0.5928 | 0.5932 | -0.44% | 0.59% | 5.097M XRP |
During | 0.5932 | 0.5943 | 0.586 | 0.5925 | -0.12% | 1.40% | 25.08M XRP |
1 Hour | |||||||
Before | 0.5966 | 0.5972 | 0.5928 | 0.5932 | -0.57% | 0.74% | 7.391M XRP |
During | 0.5932 | 0.5943 | 0.586 | 0.5936 | 0.07% | 1.40% | 30.324M XRP |
2 Hours | |||||||
Before | 0.5956 | 0.598 | 0.5928 | 0.5932 | -0.40% | 0.87% | 17.468M XRP |
During | 0.5932 | 0.5944 | 0.586 | 0.5905 | -0.46% | 1.41% | 46.031M XRP |
4 Hours | |||||||
Before | 0.5983 | 0.5993 | 0.5928 | 0.5932 | -0.86% | 1.08% | 40.629M XRP |
During | 0.5932 | 0.5945 | 0.586 | 0.5912 | -0.34% | 1.43% | 64.042M XRP |
6 Hours | |||||||
Before | 0.5956 | 0.6008 | 0.5919 | 0.5932 | -0.40% | 1.48% | 63.272M XRP |
During | 0.5932 | 0.5945 | 0.5782 | 0.5852 | -1.37% | 2.74% | 93.545M XRP |
8 Hours | |||||||
Before | 0.6013 | 0.6021 | 0.5915 | 0.5984 | -0.48% | 1.76% | 63.385M XRP |
During | 0.5983 | 0.5993 | 0.586 | 0.5912 | -1.20% | 2.22% | 104.671M XRP |
12 Hours | |||||||
Before | 0.6013 | 0.6021 | 0.5915 | 0.5932 | -1.37% | 1.76% | 104.014M XRP |
During | 0.5932 | 0.5945 | 0.5782 | 0.5885 | -0.80% | 2.74% | 131.599M XRP |