Is XRP (XRP) Trending Lower or Higher Friday?

Friday, December 03, 2021 06:48 AM | InvestorsObserver Analysts

XRP receives an average long-term technical score of 61 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, XRP holds a superior long-term technical analysis score than 61% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving XRP a 61 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on XRP!

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Trading Analysis

XRP is currently -$0.11 (-10.48%) below its 100-day moving average price of $1.09 with its current price of $0.98. Meanwhile, XRP is $0.80 (-5731.43%) above its 52-week low price of $0.17 and -$0.99 (-459.05%) below its 52-week high of $1.96. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 61. Trends for the long-term trading history of XRP suggest that traders are currently neutral on the coin. XRP currently has a total market cap of 46,286,566,396.22 to go along with its average daily volume of 19,224,888,594.89 worth of the currency over the past seven days. XRP's volume is below its seven day average as of the past 24 hours, with 2,283,673,922.02 exchanged in that period. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

XRP's historical trading over the past year gives it a an average long-term technical score of 61 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on XRP (XRP).