XRP (XRP) Rises 0.25%, Underperforms the Crypto Market Tuesday

Tuesday, January 04, 2022 11:37 AM | InvestorsObserver Analysts

XRP (XRP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has advanced 0.25% to $0.8331864891.

InvestorsObserver is giving XRP a 11 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 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XRP's low volatility reading pairs 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 well positioned going forward. With support near $0.817071496247838 and resistance around $0.852126597165654. 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.