Data Analysis
The release
Released by the Bureau of Census on 27 November 2024 at 8:30 AM EST. Durable Goods Orders came in at 0.3% for October 2024, against 0.9% in September 2024. Durable goods orders are still rising, but more slowly than before.
It arrived at the same moment as Durable Goods Orders Excluding Transportation, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
XRP's volatility ratio was 0.96x, against 1.13x for a typical Durable Orders release since 2021. Its volume ratio was 0.73x, 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 $1.4300 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.7% higher. Its high-to-low range in the hour after was 2.1% of its price, against 2.1% 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 0.96x compares with 1.13x for those, so it moved the price less than 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
1.3800Close
1.460024h Change
0.08 (5.48%)24h High
1.520024h Low
1.350024h Volume
590.576M XRPUS Durable Goods Orders
Bureau of Census
27th November, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.43 | 1.43 | 1.43 | 1.43 | 0.00% | 0.00% | 169,498 XRP |
| During | 1.43 | 1.43 | 1.43 | 1.43 | 0.00% | 0.00% | 150,152 XRP |
| 5 Minutes | |||||||
| Before | 1.42 | 1.43 | 1.42 | 1.43 | 0.70% | 0.70% | 770,978 XRP |
| During | 1.43 | 1.43 | 1.42 | 1.43 | 0.00% | 0.70% | 1.371M XRP |
| 10 Minutes | |||||||
| Before | 1.43 | 1.43 | 1.42 | 1.43 | 0.00% | 0.70% | 1.579M XRP |
| During | 1.43 | 1.43 | 1.42 | 1.43 | 0.00% | 0.70% | 2.672M XRP |
| 15 Minutes | |||||||
| Before | 1.43 | 1.43 | 1.42 | 1.43 | 0.00% | 0.70% | 3.112M XRP |
| During | 1.43 | 1.43 | 1.42 | 1.43 | 0.00% | 0.70% | 3.531M XRP |
| 30 Minutes | |||||||
| Before | 1.43 | 1.44 | 1.42 | 1.43 | 0.00% | 1.39% | 8.861M XRP |
| During | 1.43 | 1.44 | 1.42 | 1.44 | 0.69% | 1.39% | 10.067M XRP |
| 1 Hour | |||||||
| Before | 1.41 | 1.44 | 1.41 | 1.43 | 1.40% | 2.08% | 17.067M XRP |
| During | 1.43 | 1.45 | 1.42 | 1.44 | 0.69% | 2.07% | 23.802M XRP |
| 2 Hours | |||||||
| Before | 1.44 | 1.44 | 1.41 | 1.43 | -0.70% | 2.08% | 35.61M XRP |
| During | 1.43 | 1.46 | 1.42 | 1.45 | 1.38% | 2.74% | 46.394M XRP |
| 4 Hours | |||||||
| Before | 1.43 | 1.47 | 1.41 | 1.43 | 0.00% | 4.08% | 109.858M XRP |
| During | 1.43 | 1.51 | 1.42 | 1.47 | 2.72% | 5.96% | 137.892M XRP |
| 6 Hours | |||||||
| Before | 1.39 | 1.47 | 1.39 | 1.43 | 2.80% | 5.44% | 188.781M XRP |
| During | 1.43 | 1.51 | 1.42 | 1.49 | 4.03% | 5.96% | 175.255M XRP |
| 8 Hours | |||||||
| Before | 1.38 | 1.44 | 1.35 | 1.43 | 3.50% | 6.25% | 165.349M XRP |
| During | 1.43 | 1.51 | 1.41 | 1.47 | 2.72% | 6.62% | 247.75M XRP |
| 12 Hours | |||||||
| Before | 1.38 | 1.47 | 1.35 | 1.43 | 3.50% | 8.16% | 275.207M XRP |
| During | 1.43 | 1.52 | 1.42 | 1.46 | 2.05% | 6.58% | 315.369M XRP |
