xRhodium (XRC) Falls 0.51%, Underperforms the Crypto Market Tuesday

Tuesday, March 28, 2023 09:42 AM | InvestorsObserver Analysts

xRhodium (XRC) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has declined 50.86% to $0.1023872556.

InvestorsObserver is giving xRhodium a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on xRhodium!

Highly Volatile

InvestorsObserver gives xRhodium a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. XRC's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

xRhodium price is in a good position going forward. With support near $0.0428769156234239 and resistance around $0.151130230714557. This leaves xRhodium with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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