XRP (XRP) Up 0.24% Sunday: What's Next?

Sunday, June 04, 2023 07:09 AM | InvestorsObserver Analysts

XRP (XRP) has been relatively less volatile compared to the crypto market. So far Sunday, the Digital Money has added 0.24% to $0.5247143478.

InvestorsObserver is giving XRP a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. 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 favorably positioned going forward. With support around $0.517031838337256 and resistance set at $0.529898514190985. 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.