XRP (XRP) Falls 0.15%, Underperforms the Crypto Market Wednesday
XRP (XRP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has lost 14.93% to $0.3748929894.
Moderately Volatile
InvestorsObserver gives XRP a moderate volatility rank of 41, placing it in the bottom 41% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
XRP’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
XRP price is favorably positioned going forward. With support near $0.303292057444671 and resistance set at $0.407861045529464. 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.
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