San Francisco-based blockchain service company Ripple’s XRP native digital currency for cross-border payments has apparently fallen into the consolidation phase and is really trying to get out of it. For the past few days, XRP’s price tag has been in the $ 0.85 range and it’s still there. The current question revolves around the price development of the seventh digital currency, when it can move out of this zone and whether or not it could take a big step in the coming days.
At the time of writing, XRP is valued at $ 0.8466, up from a rate of 0.97 percent over the past 24 hours.
XRP statistical data
- The market cap of XRP is around $ 39,117,505,178 of the total market cap.
- $ 2,921,099,019 is the coin’s 24-hour trading volume.
- The coin in circulation is 46.21 billion XRP.
XRP price analysis
A week ago, the price of XRP entered the $ 0.85 area on June 11th and has been trading in that particular area ever since. All this time there was a bearish mood. In the past seven days, it traded above the $ 0.90 value only once on June 14, but only for a shorter period, as shown in the graph below:
Currently, the value of the remittance coin is around $ 0.85 which, as mentioned above, represents the consolidation range. The first thing XRP has to do is break out of this price zone and make yourself bullish. Once in bullish momentum, it can continue to trade higher. And if we look at the current state of the coin, it is trading in a slightly greenish tinge.
The first level of resistance for XRP is around $ 0.91 and the second level of resistance is around $ 0.956. On the flip side, the third level of resistance is at $ 1.01. The three levels of support for the coin are $ 0.82, $ 0.76 and $ 0.71, respectively.