XRP (XRP) Falls 0.22%, Underperforms the Crypto Market Saturday

Saturday, December 04, 2021 07:11 AM | InvestorsObserver Analysts

XRP (XRP) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has fallen 21.63% to $0.7689961514, hitting a five-day high.

InvestorsObserver is giving XRP a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on XRP!

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Low Volatility

InvestorsObserver gives XRP a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. XRP's low volatility reading is coupled 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 trading near resistance. With support around $0.697033363600487 and resistance set at $0.776385623236412. This leaves XRP 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.