Ripple Coin Pulls Back From Thursday Highs - What Will Top Crypto XRP Do Next?

Ripple Coin Pulls Back From Thursday Highs – What Will Top Crypto XRP Do Next?

Updated: 15 July 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Ripple XRP has pulled back from its recent highs reached on Thursday. Market participants eagerly anticipate the next move of the top cryptocurrency, XRP, as it retraces. For XRP’s future direction, traders and investors closely monitor price action and indicators.

XRP, currently priced at $0.7295, has seen $5.310 billion in trading volume in the past 24 hours. During that time frame, it decreased by 5.45%. Since the start of the month, XRP has been up 54.49%, and in the last week, it’s been up 51.70%.

The Ripple vs. US SEC case resulted in a $12 billion market cap increase for XRP in just two days. There has been a significant impact on the overall cryptocurrency market as a result of this decision.

XRP Statistics:

Today’s price – is $0.7295
Market cap – $37.889 Billion
Circulating supply – 52,544,091,958 XRP
Total supply – 99,988,621,362 XRP
Coinmarketcap ranking – 5

Ripple Coin Pulls Back From Thursday Highs - What Will Top Crypto XRP Do Next? — Source: Coinmarketcap

Key Levels to Watch: XRP’s Potential Resistance and Support Zones

XRP’s daily chart has some important levels to watch. Prices may run into resistance near $0.7338 if they keep going up. Price gains in XRP are possible if supportive buyers stay active. Follow the market to see what happens.

There’s a critical support level of $0.6919 for XRP; if it falls below this level, its value could drop dramatically. Despite that, there’s still a chance the price will increase even if it doesn’t break the support level.

Resistance levels are $0.7338, $0.7460, and $0.7908 if the price exceeds the usual trading range. Meanwhile, $0.7108, $0.7066, and $0.6919 are support levels.

When XRP rises above the 50-day and 100-day moving averages, it’s likely to break out of its trading range and reach $0.7420.

The market price will likely exceed the current trading range if it stays above the 50-day and 100-day moving averages. There’s a possibility of prices reaching $0.7420 or even higher.

These factors make it likely that the market price will go up soon.

It’s important to remember that if the price falls below the moving averages, any gains could be lost quickly. The best way to protect profits and minimize losses is to use stop-loss orders.

Alternative XRP

The Thug Life meme-coin presale is reaching its end, with just a few days remaining. Shortly, Thug Life will make its debut on the crypto market. Thug Life raised an impressive $1.763 million within two weeks of launching its presale.

Thug Life is actively engaging the community as the launch approaches. On July 13th, they announced a competition on their official Twitter account. In less than two days, the community hopes to reach its target of $2,058,000.

https://twitter.com/thug_life_token/status/1679540117478727698?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1679540117478727698%7Ctwgr%5E853318ce083e2a2e96fbed3858471604767b9ada%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Finsidebitcoins.com%2Fnews%2Fnext-cryptocurrency-to-explode-friday-july-14-bitcoin-thug-life-polygon

THUG: Redefining Crypto with a Unique Movement and Lucrative Potential

The THUGS project is more than just a cryptocurrency. It challenges social norms and reshapes social interaction. People who think differently and approach life differently get an identity from it. The THUG token isn’t just a lifestyle token. It’s also a low-cap token with significant potential.

The current price of THUG is $0.0007, so there’s a surge on the horizon. This is a great time to jump on board and take advantage of this new token before it launches.

Now’s the time to take advantage of this token. Get your portfolio amplified and maximize your returns. As THUG paves its way to success, be an early adopter and enjoy the rewards.

Cryptocurrency is volatile, so investing carries risk. You should do your own research before investing, and don’t invest more than you can afford to lose. Make sure you use the token wisely.