Is Ripio Credit Network (RCN) Trending Lower or Higher Sunday?

Sunday, January 16, 2022 09:34 AM | InvestorsObserver Analysts

Ripio Credit Network receives a strong short-term technical ranking of 77 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. RCN has a superior recent technical analysis than 77% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Ripio Credit Network a 77 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ripio Credit Network!

See Full Report

Trading Analysis

Ripio Credit Network is $0.001046 (10.97%) higher than its 30-day low price of $0.009536171 while also -$0.001612 (-13.22%) lower than its high of $0.01219453 from the past month of trading. Meanwhile, RCN's current price of $0.010582110 is under its average price of $0.010735566 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Ripio Credit Network suggest that traders are currently bullish on the token. Ripio Credit Network's market cap of $5,379,994.93 is relatively average for a token. The market valuation for Ripio Credit Network is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RCN sits underneath that mark but remains above $100 million in market capilization. Meanwhile, RCN's average volume is average with $158,817.03 worth of the token traded over an average 24 hour period. The volume for RCN is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, RCN's volume is below its usual with $72,708.62 exchanged. Ripio Credit Network's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Ripio Credit Network's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Ripio Credit Network (RCN).