XRP Volatility Analysis for Durable Orders, 27th June 2023

Data Analysis

The release

Released by the Bureau of Census on 27 June 2023 at 8:30 AM EDT. Durable Goods Orders came in at -0.2% for May 2023, against 0.3% in April 2023. Durable goods orders are falling, after a rise.

It arrived at the same moment as Durable Goods Orders Excluding Transportation, so the reaction measured on this page belongs to all of them together.

Measured by Clometrix

XRP's volatility ratio was 1.13x, against 1.13x for a typical Durable Orders release since 2021. Its volume ratio was 1.31x, against a typical 1.29x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How XRP moved

XRP was at $0.4825 when the figure came out. Fifteen minutes later it was 0.19% higher, and an hour later 0.12% lower. Its high-to-low range in the hour after was 0.56% of its price, against 0.68% in the hour before.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved XRP more than those at other times: a median volatility ratio of 1.46x across 18, against 1.13x across 47. This one was not within two weeks of a Fed decision. Its own ratio of 1.13x compares with 1.13x for those, about what its circumstances would suggest.

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

0.4788

0.4799

24h Change

0.0011 (0.23%)

24h High

0.4851

24h Low

0.4759

24h Volume

297.845M XRP

US Durable Goods Orders

Bureau of Census

27th June, 2023, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4825	0.4826	0.4825	0.4826	0.02%	0.02%	80,667 XRP
During	0.4825	0.4828	0.4825	0.4828	0.06%	0.06%	393,441 XRP

5 Minutes
Before	0.4824	0.483	0.4822	0.4826	0.04%	0.17%	1.688M XRP
During	0.4825	0.4828	0.4818	0.482	-0.10%	0.21%	1.707M XRP

10 Minutes
Before	0.4816	0.483	0.4816	0.4826	0.21%	0.29%	2.345M XRP
During	0.4825	0.4828	0.4818	0.4828	0.06%	0.21%	2.7M XRP

15 Minutes
Before	0.4814	0.483	0.4811	0.4826	0.25%	0.39%	3.295M XRP
During	0.4825	0.4834	0.4818	0.4834	0.19%	0.33%	3.546M XRP

30 Minutes
Before	0.481	0.483	0.4804	0.4826	0.33%	0.54%	6.039M XRP
During	0.4825	0.4834	0.4818	0.4827	0.04%	0.33%	6.619M XRP

1 Hour
Before	0.4801	0.483	0.4797	0.4826	0.52%	0.68%	11.559M XRP
During	0.4825	0.4834	0.4807	0.4819	-0.12%	0.56%	11.649M XRP

2 Hours
Before	0.4798	0.483	0.4794	0.4826	0.58%	0.75%	24.402M XRP
During	0.4825	0.4851	0.4807	0.4828	0.06%	0.91%	31.781M XRP

4 Hours
Before	0.4794	0.483	0.4787	0.4826	0.66%	0.89%	44.864M XRP
During	0.4825	0.4851	0.4759	0.4805	-0.42%	1.90%	61.517M XRP

6 Hours
Before	0.4781	0.483	0.4774	0.4826	0.93%	1.16%	82.941M XRP
During	0.4825	0.4851	0.4759	0.4815	-0.21%	1.90%	90.509M XRP

8 Hours
Before	0.4788	0.4833	0.4762	0.4795	0.15%	1.47%	110.538M XRP
During	0.4794	0.4851	0.4759	0.4805	0.23%	1.90%	106.381M XRP

12 Hours
Before	0.4788	0.4833	0.4762	0.4826	0.79%	1.47%	155.402M XRP
During	0.4825	0.4851	0.4759	0.4799	-0.54%	1.90%	142.443M XRP