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xRhodium (XRC) Rises 46.35%, Outperforms the Crypto Market Wednesday

Wednesday, January 26, 2022 03:30 PM | InvestorsObserver Analysts
xRhodium (XRC) Rises 46.35%, Outperforms the Crypto Market Wednesday

xRhodium (XRC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has gained 46.35% to $1.19.

volatility - 94
InvestorsObserver is giving xRhodium a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on xRhodium!

Highly Volatile

InvestorsObserver gives xRhodium a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. XRC's high volatility reading pairs 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 near resistance. With support at $0.446476540347192 and resistance near $1.4. This positions xRhodium with potential selling pressures ahead as it may be getting over extended.

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.

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