The price of Ripple’s XRP token is in the green for the past 24 hours, after buyers bid it up from a strong support zone yesterday. And although $0.50 may be a stretch today, the significant price level could be in play once highs from this week are taken out.
As of Thursday at 11:36 UTC, XRP traded at $0.44, up 2.8% for the past 24 hours and up 2.7% for the past 7 days. Notably, the token also stands out as one of the best-performing tokens over the past 30 days among the top 100 coins by market cap with a gain of 33.2%.
The gains today came after the token reached a peak of $0.56 on Friday last week, which was followed by a near week-long sell-off. The selling intensified in recent days, before buyers entered the scene on Wednesday to bid the price up from the $0.42 support zone.
The question for traders now is whether XRP will continue to rise after bouncing off the support zone yesterday, or if the downtrend from the past few days instead will resume.
Looking at the token purely...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...