XRP Price Eyes Major Move: Will It Rally Or Crash To $1.2?
The post XRP Price Eyes Major Move: Will It Rally Or Crash To $1.2? appeared on BitcoinEthereumNews.com. XRP price recorded 3.7% increase today as the broader crypto market was in the green today. XRP has maintained above the $2.20 level, indicating that the bulls are keeping the brief support. Amid this, a popular crypto market expert has shared a crucial resistance for the Ripple coin, that the asset must breach to continue its rally ahead. On the flip side, another market analyst has warned of a significant crash in the asset’s value if it loses a key support ahead. XRP Price Slips But Holds the $2.2 Support The global crypto market cap climbed around 1.18% to $3.36 trillion, and the overall trading volume increased by over 5% to $73.96 billion. Notably, the ongoing volatility has spooked the market participants over a waning interest in the digital assets. Notably, BTC price gained by 0.32% today to $108k, while the altcoins also recorded a slump. The top altcoin Ethereum price rose by over 2% to $2,551 during writing. Amid this, XRP price also recorded a rise of over 2% and exchanged hands at $2.26. Simultaneously, its one-day trading volume rose more than 91% to $2.28 billion, indicating a drastic rise in trading activity in the market. Meanwhile, Ripple coin has hovered between a 24-hour high and low of $2.21 and $2.26. Notably, the token’s Futures Open Interest also fell more than 2.4%, indicating the cautious stance of the traders in the asset. However, XRP’s Relative Strength Index or RSI stayed at 52, indicating the asset is currently at a neutral state. XRP Price Chart | Source: TradingView In other words, the technical indicator suggests that the crypto is neither in a bullish nor a bearish state for now. What Lies Ahead for Ripple Coin? Amid the ongoing volatile scenario in the XRP price, top analysts have shared key insights…
The post XRP Price Eyes Major Move: Will It Rally Or Crash To $1.2? appeared on BitcoinEthereumNews.com.
XRP price recorded 3.7% increase today as the broader crypto market was in the green today. XRP has maintained above the $2.20 level, indicating that the bulls are keeping the brief support. Amid this, a popular crypto market expert has shared a crucial resistance for the Ripple coin, that the asset must breach to continue its rally ahead. On the flip side, another market analyst has warned of a significant crash in the asset’s value if it loses a key support ahead. XRP Price Slips But Holds the $2.2 Support The global crypto market cap climbed around 1.18% to $3.36 trillion, and the overall trading volume increased by over 5% to $73.96 billion. Notably, the ongoing volatility has spooked the market participants over a waning interest in the digital assets. Notably, BTC price gained by 0.32% today to $108k, while the altcoins also recorded a slump. The top altcoin Ethereum price rose by over 2% to $2,551 during writing. Amid this, XRP price also recorded a rise of over 2% and exchanged hands at $2.26. Simultaneously, its one-day trading volume rose more than 91% to $2.28 billion, indicating a drastic rise in trading activity in the market. Meanwhile, Ripple coin has hovered between a 24-hour high and low of $2.21 and $2.26. Notably, the token’s Futures Open Interest also fell more than 2.4%, indicating the cautious stance of the traders in the asset. However, XRP’s Relative Strength Index or RSI stayed at 52, indicating the asset is currently at a neutral state. XRP Price Chart | Source: TradingView In other words, the technical indicator suggests that the crypto is neither in a bullish nor a bearish state for now. What Lies Ahead for Ripple Coin? Amid the ongoing volatile scenario in the XRP price, top analysts have shared key insights…
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