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As the court decision continues to impact positively, Ripple Coin (XRP) has gained 3% in value. Ongoing legal developments have contributed to XRP’s growing optimism. Investors are closely monitoring the situation, eager to see how the court decision will further influence XRP’s value in the market.
At the moment, XRP is trading for $0.7410. The trading volume for XRP has been $3.96 billion in the last 24 hours. In that time frame, it went up by 0.28%. Since the start of the month, XRP has gone up 55.21%.
XRP’s market cap has increased by $13.5 billion since Thursday because of the Ripple vs SEC case. Furthermore, the court decision will boost XRP’s value shortly.
XRP Statistics:
- Today’s price – is $0.7410
- Market cap – $38.520 Billion
- Circulating supply – 52,548,000,000 XRP
- Total supply – 99,998,000,000 XRP
- Coinmarketcap ranking – 4
XRP’s Daily Chart: Price Resistance, Support, and Market Trends Unveiled
XRP’s daily chart shows essential levels to watch. If prices keep rising, they’ll run into resistance near $0.7774. However, if buyers continue to show support, XRP might go up. Make sure you keep an eye on the market to see how it develops.
At $0.6875, XRP is facing a critical support level, and if it falls below that level, it could plummet. Despite not breaking the support level, there’s still a chance for the price to go up.
The price could hit resistance levels at $0.77774 and $0.8547 if it falls below the usual range. In the meantime, $0.7296 and $0.6875 are support levels.
If XRP breaks out of its trading range and surpasses the 100-day and 200-day moving averages, it could reach $0.7930.
Keeping the market price above the 100-day and 200-day moving averages could push the price past the current trading range, to $0.7930 or even higher.
These factors make it likely that the market price will rise soon.
Dropping below the moving averages could wipe out any gains. Protect your profits with stop-loss orders.
The cryptocurrency market is unpredictable and volatile, so traders should research. Set realistic goals and have an exit strategy. Risk can also be reduced by diversifying your portfolio.
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Also Read:
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