Data Analysis
The data released by Bureau of Census for Durable Goods Orders on 28th January, 2025 has come in at an increase to 0.8% for December 2024. Compared to the previous release for November 2024 at -1.7%, 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.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 73.877M XRP with prices swinging between 3.0700 and 3.2000, representing a swing of 4.06%. Subsequently, the trading volume increased by 16% to 85.603M XRP. Price action ranged from a low of 3.1200 to a high of 3.2100, a difference of 2.80%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 3.37M XRP in trading volume was observed prior to the data release. Prices ranged between a low of 3.1600 to a high of 3.1800, a 0.63% change. Immediately following, trading volume remain relatively similar at 3.448M XRP. At this time, XRP hit a low of 3.1500 with a high of 3.1600, a change of 0.32%.
About Durable Goods Orders
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.
Disclaimer
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-USDT
XRP
Open
3.0100Close
3.080024h Change
0.07 (2.27%)24h High
3.210024h Low
3.010024h Volume
359.684M XRPUS Durable Goods Orders
Bureau of Census
28th January, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3.16 | 3.17 | 3.16 | 3.16 | 0.00% | 0.32% | 174,602 XRP |
| During | 3.16 | 3.16 | 3.16 | 3.16 | 0.00% | 0.00% | 150,191 XRP |
| 5 Minutes | |||||||
| Before | 3.17 | 3.17 | 3.16 | 3.16 | -0.32% | 0.32% | 1.211M XRP |
| During | 3.16 | 3.16 | 3.15 | 3.15 | -0.32% | 0.32% | 1.374M XRP |
| 10 Minutes | |||||||
| Before | 3.16 | 3.17 | 3.16 | 3.16 | 0.00% | 0.32% | 2.231M XRP |
| During | 3.16 | 3.16 | 3.15 | 3.15 | -0.32% | 0.32% | 2.387M XRP |
| 15 Minutes | |||||||
| Before | 3.18 | 3.18 | 3.16 | 3.16 | -0.63% | 0.63% | 3.37M XRP |
| During | 3.16 | 3.16 | 3.15 | 3.15 | -0.32% | 0.32% | 3.448M XRP |
| 30 Minutes | |||||||
| Before | 3.17 | 3.19 | 3.16 | 3.16 | -0.32% | 0.94% | 7.745M XRP |
| During | 3.16 | 3.16 | 3.14 | 3.15 | -0.32% | 0.63% | 6.037M XRP |
| 1 Hour | |||||||
| Before | 3.16 | 3.19 | 3.15 | 3.16 | 0.00% | 1.25% | 17.711M XRP |
| During | 3.16 | 3.16 | 3.12 | 3.15 | -0.32% | 1.27% | 18.073M XRP |
| 2 Hours | |||||||
| Before | 3.13 | 3.20 | 3.11 | 3.16 | 0.95% | 2.81% | 44.985M XRP |
| During | 3.16 | 3.21 | 3.12 | 3.20 | 1.25% | 2.80% | 50.34M XRP |
| 4 Hours | |||||||
| Before | 3.07 | 3.20 | 3.07 | 3.16 | 2.85% | 4.06% | 73.877M XRP |
| During | 3.16 | 3.21 | 3.12 | 3.17 | 0.32% | 2.80% | 85.603M XRP |
| 6 Hours | |||||||
| Before | 3.11 | 3.20 | 3.07 | 3.16 | 1.58% | 4.06% | 88.332M XRP |
| During | 3.16 | 3.21 | 3.12 | 3.15 | -0.32% | 2.80% | 106.255M XRP |
| 8 Hours | |||||||
| Before | 3.01 | 3.15 | 3.01 | 3.07 | 1.95% | 4.44% | 92.666M XRP |
| During | 3.07 | 3.21 | 3.07 | 3.17 | 3.15% | 4.36% | 159.479M XRP |
| 12 Hours | |||||||
| Before | 3.01 | 3.20 | 3.01 | 3.16 | 4.75% | 5.94% | 166.542M XRP |
| During | 3.16 | 3.21 | 3.01 | 3.08 | -2.60% | 6.23% | 193.142M XRP |
