Bitcoin
Bitcoin (BTC)
$65,201.00 2.73653
Bitcoin price
Ethereum
Ethereum (ETH)
$3,478.83 1.89582
Ethereum price
BNB
BNB (BNB)
$579.54 0.28938
BNB price
Solana
Solana (SOL)
$162.22 4.1721
Solana price
XRP
XRP (XRP)
$0.5842860 8.98963
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000196 5.84308
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 16.89375
Pepe price
Bonk
Bonk (BONK)
$0.0000286 11.11558
Bonk price
Bitcoin
Bitcoin (BTC)
$65,201.00 2.73653
Bitcoin price
Ethereum
Ethereum (ETH)
$3,478.83 1.89582
Ethereum price
BNB
BNB (BNB)
$579.54 0.28938
BNB price
Solana
Solana (SOL)
$162.22 4.1721
Solana price
XRP
XRP (XRP)
$0.5842860 8.98963
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000196 5.84308
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 16.89375
Pepe price
Bonk
Bonk (BONK)
$0.0000286 11.11558
Bonk price
Bitcoin
Bitcoin (BTC)
$65,201.00 2.73653
Bitcoin price
Ethereum
Ethereum (ETH)
$3,478.83 1.89582
Ethereum price
BNB
BNB (BNB)
$579.54 0.28938
BNB price
Solana
Solana (SOL)
$162.22 4.1721
Solana price
XRP
XRP (XRP)
$0.5842860 8.98963
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000196 5.84308
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 16.89375
Pepe price
Bonk
Bonk (BONK)
$0.0000286 11.11558
Bonk price
Bitcoin
Bitcoin (BTC)
$65,201.00 2.73653
Bitcoin price
Ethereum
Ethereum (ETH)
$3,478.83 1.89582
Ethereum price
BNB
BNB (BNB)
$579.54 0.28938
BNB price
Solana
Solana (SOL)
$162.22 4.1721
Solana price
XRP
XRP (XRP)
$0.5842860 8.98963
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000196 5.84308
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 16.89375
Pepe price
Bonk
Bonk (BONK)
$0.0000286 11.11558
Bonk price

XRP shows resilience amid crypto market volatility

xrp-shows-resilience-amid-crypto-market-volatility
Edited by
Markets
XRP shows resilience amid crypto market volatility

XRP, the native token of Ripple’s open-source XRP Ledger, displays positive technical signals despite recent volatility in the broader crypto market.

The cryptocurrency exhibits relative strength compared to Bitcoin, and short-term price forecasts suggest potential upward movement. Over the past 24 hours, Ripple (XRP) has increased in price by 4.3%.

Analyzing XRP’s technical indicators reveals a mixed picture, with some positive signs. The 5-day and 20-day moving averages have formed a bullish crossover, suggesting potential upward momentum. However, bearish crossovers are evident between the 20-day and 50-day moving averages and the 50-day and 200-day moving averages.

The 14-day Relative Strength Index (RSI) stands at 46.58, indicating neutral territory, while the MACD remains in negative territory at -0.28, signaling bearish momentum. The Stochastic oscillator, at 47.85, also reflects a neutral range.

Pivot levels show the classic pivot point at $44.05, with support at $43.51 and resistance at $44.51. The Fibonacci pivot point aligns similarly, with support at $43.67 and resistance at $44.43.

According to analysis from Changelly, XRP’s price is forecasted to rise by 26.73% to reach $0.532887. Further projections are more bullish, anticipating XRP reaching $0.610894 and an average of $0.637 throughout 2024.

However, the analysis advises caution, noting that long-term cryptocurrency price predictions, especially for a 10-year horizon, are highly speculative.

Ripple is trading at $0.43, with a 24-hour trading volume of $916.8 million.