xRhodium (XRC), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, May 29, 2023 03:08 PM | InvestorsObserver Analysts

xRhodium (XRC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has gained 110.61% to $0.2614094036.

InvestorsObserver is giving xRhodium a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on xRhodium!

See Full Report

Highly Volatile

InvestorsObserver gives xRhodium a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. XRC'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.

xRhodium price is trading above resistance. With support near $0.0818490719300156 and resistance around $0.206124763737286. This positions xRhodium out of range and potentially in a volatile position if the rally burns out.

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.