XRP (XRP) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Friday: What’s Next?

XRP (XRP) gets a very bullish rating from InvestorsObserver Friday. The Digital Money asset is up 5.86% to $0.6374714159 while the broader crypto market is up 8.59%.

Very Bullish

Over the last five days, XRP has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of XRP over the past five days by volume and price movement.

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The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

XRP is currently trading near its five-day high of $0.639222483598647. The Digital Money asset is 0.27% off its five-day high and is 9.37% higher than its five-day low of $0.582847535610199.

XRP price is currently above resistance. With support set around $0.59380519726894 and resistance at $0.609140399486042, XRP is potentially in a volatile position if the rally burns out.

XRP has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

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