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XRP (XRP) Falls 0.01%, Underperforms the Crypto Market Friday

Friday, March 01, 2024 10:09 AM | InvestorsObserver Analysts
XRP (XRP) Falls 0.01%, Underperforms the Crypto Market Friday

XRP (XRP) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has dropped 1.16% to $0.5926747119.

volatility - 21
InvestorsObserver is giving XRP a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on XRP!

Low Volatility

InvestorsObserver gives XRP a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. XRP's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

XRP price is favorably positioned going forward. With support at $0.561893939866952 and resistance near $0.617122948064737. This leaves XRP 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.

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