Rupee (RUP) Falls 0.45%, Underperforms the Crypto Market Sunday

Sunday, December 05, 2021 01:17 PM | InvestorsObserver Analysts

Rupee (RUP) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has declined 45.09% to $0.001726385501, reaching a five-day high.

InvestorsObserver is giving Rupee a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Rupee!

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Highly Volatile

InvestorsObserver gives Rupee a high volatility rank of 87, placing it in the top 13% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. RUP's high volatility reading is coupled 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. Rupee price is favorably positioned going forward. With support around $0.000719550603687576 and resistance set at $0.00244125463316571. This leaves Rupee 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.