Rapids (RPD), High Volatility and Falling Friday: Is it Time to Cash Out?

Friday, February 04, 2022 05:49 PM | InvestorsObserver Analysts

Rapids (RPD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has declined 31.07% to $0.01140448595.

InvestorsObserver is giving Rapids a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on Rapids!

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Highly Volatile

InvestorsObserver gives Rapids a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. RPD's high volatility reading is paired 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.

Rapids price is in a good position going forward. With support set at $0.00809496607042312 and resistance set at $0.0129739126504159. This positions Rapids 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.