XRP1.29 percent in the last 24 hours decreased to $ 2.96. In short -term graphics, the price is close to the resistance zone and market participants focused on a $ 3 -level critical threshold. The decline in the payment volume of Altcoin was a remarkable development for the activities on the network.
XRP Price Movements
In the hourly graph XRP CoinThe price is traded close to $ 3 resistance. If this level is exceeded, the levels of $ 3.02 and $ 3,10 may be raised. However, the price is more likely to continue to move between $ 2.90 support and $ 3,10 resistance. In the medium term, the upward trend that starts after the fake break in $ 2.72 is preserved and after this stage, the price of the price depends on the candle closures above the $ 3 level.
When the daily graph is examined, the XRP is traded under the decrease trend line after the rally seen in summer. The price is stuck between $ 2.92 to $ 3,10, where the 50 -day EMA is located. The Power Index (RSI) will be at the level of 55 and reveals that the market is in a neutral position. This table indicates that the price moves on a narrow band without a strong break.
According to CoinMarketcap data, XRP is traded at $ 2,9683 at the time of the news. In case of exceeding $ 3, the upward movements come to the agenda, while the support of $ 2.92 in the lower direction stands out.
Payment volume in XRP Ledger fell to 100 million
On the other hand Xrp ledger The payment volume held in the last 24 hours was recorded as 114.07 million. Thus, the XRP returned to the Networks League, which has realized more than 100 million payment volumes per day. In the previous weeks, this figure was watched in the range of 200-300 million, while in some days up to 2 billion.
The prominent usage area of the XRP is known as fast and low -cost border payments. Therefore, the payment volume on the network considers it as an important indicator for the health of the ecosystem. The volume decrease on this side reveals that the demand on the network is reduced.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
