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The cryptocurrency is trading between support at $0.50 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the short term, XRP is technically considered neutral.
Ideally, a decisive break above the $0.83 resistance with an increase in volume would suggest further upside potential. The cryptocurrency is trading between support at $0.48 and resistance at $0.83.
Today, XRP’s price is shown as $0.5315 USD, with a 24-hour trading volume of $1,487,876,406 USD. XRP has lost 5.50% in value over the last 24 hours.
XRP’s price saw a significant increase in the last 24 hours and is now trading above the resistance level: What’s the next price level?
Short-Term XRP Analysis
XRP/USDT
Ripple (XRP) is currently in a short-term horizontal trend channel, indicating further development in the same direction. The cryptocurrency is trading between support at $0.50 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the short term, XRP is technically considered neutral.
Medium-Term XRP Analysis
XRP/USDT
Ripple (XRP) has broken above the upper boundary of the medium to long-term descending trend, initially indicating a slower downward pace. A reverse head and shoulders formation is developing. Ideally, a decisive break above the $0.83 resistance with an increase in volume would suggest further upside potential. The cryptocurrency is trading between support at $0.48 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the medium term, XRP is technically considered neutral.
Long-Term XRP Analysis
XRP/USDT
Over time, investors have paid higher prices to buy Ripple (XRP), and the cryptocurrency is in a long-term ascending trend channel. Rising trends indicate positive developments for the currency and increased buying interest among investors. After reaching the $0.74 target following the break of the double bottom formation, the price saw a pullback. A significant break above $0.53 would give new positive signals for the currency, while a strong break on the opposite side of the formation would be a strong negative signal. In the long term, XRP is generally considered technically positive.
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XRP Price
Today, XRP’s price is shown as $0.5315 USD, with a 24-hour trading volume of $1,487,876,406 USD. XRP has lost 5.50% in value over the last 24 hours. According to the current CoinMarketCap ranking, XRP is ranked 5th with a market cap of $28,253,174,546 USD. There are 53,312,364,216 XRP tokens in circulation, and the maximum supply is 100,000,000,000 XRP tokens.
