At the session level, Ripple (XRP) moved 10.3448% from the open. The most recent bid on the crypto currency was registered at $3.050000. Investors may also want to take a longer-term look at the world’s most popular digital currency. According to the most recent data, XRP has a 52-week high of $3.030000 and a 52-week low of $0.030000. Staying on top of longer-term price action may offer investors with a wider range of reference when doing currency analysis.
Further, ripple price have been seen trading -0.99% off of the 52 week high and +9,900.00% away from the 52 week low. Narrowing in further, XRP has been recently noted at -0.99% away from the 30 day high and +1,417.45% separated from the 30 day low.
Whereas its latest closing price kept its distance from the SMA20 at +1,342.31% and +1,394.02% from SMA 50. As a result, using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference.
Understanding market enthusiasm for a particular currency is crucial when considering entering a position. According to the latest technical indicators, the consensus recommendation for Ripple (XRP) is BUY.
Analyzing the price activity of some previous days, we were able to note that XRP price has shifted by +59.15% since the year began. Narrowing our focus to the previous 1 month, the price have been up by +1,125.99%. In the last 5 trading days, the ripple had increased by 140.19% while in the past three months, the overall change in the crypto currency is +1,301.87%.
Examining a currency’s average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. Ripple (XRP) has had a 20-day average volume of 113,321,216 coins, with an average of 100% of short term indicators pointed at Buy.
The XRP’s 50-day average volume has been 69,588,744 coins, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 55,524,352 coins with 100% of long-term indicators pointing to Buy.
Ripple (XRP)’s price gained +9,900.00% over the past year, yielding a positive weighted alpha of +185.42 percent. A weighted alpha below zero points to additional losses. Therefore, there is certainly still some pain for forex traders who want to avoid this falling currency.
Ripple (XRP)’s Stochastic Oscillator (%D) is at 86.96% for the last 14 days. Values of %D line that are above 80 indicate that the security is overbought; prices could well fall in the near future. And the values below 20 that it is oversold indicate prices could very well bounce upwards.
XRP can stay above the price resistance around $3.041667 a coin that could help propel the most famous cryptocurrency higher to the next line of resistance at $3.333333 a coin. The typical day in the last 14-day has seen about a 235.39% volatility.