XRP (XRP) Falls 0.01%, Underperforms the Crypto Market Monday

15 August 2022

in XRP

Reading Time: 2 mins read

XRP (XRP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has fallen 1.25% to $0.3727681326.

InvestorsObserver is giving XRP a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on XRP!

Low Volatility

InvestorsObserver gives XRP a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

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The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.

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XRP’s low volatility reading is coupled 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 well positioned going forward. With support set at $0.365725744148088 and resistance at $0.380768406768632. 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.