XRP (XRP) Up 3.88% Wednesday: What's Next?

Wednesday, August 10, 2022 12:37 PM | InvestorsObserver Analysts

XRP (XRP) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has increased 3.88% to $0.3781164276.

InvestorsObserver is giving XRP a 18 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 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge tracks 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 trading above resistance. With support set at $0.358063995649324 and resistance at $0.37479469161223. This leaves XRP out of range and potentially in a volatile position if the rally burns out.

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.