XRP (XRP) Rises 1.89%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 12:04 PM | InvestorsObserver Analysts

XRP (XRP) has been relatively less volatile compared to the crypto market. So far Thursday, the Digital Money has advanced 1.89% to $0.6225949902.

InvestorsObserver is giving XRP a 23 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 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge analyzes 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 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 trading near resistance. With support around $0.601422900479628 and resistance near $0.627568835538222. This positions 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.