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Does it Score Poorly on Long-Term Trading Metrics Saturday?

XRP (XRP): Does it Score Poorly on Long-Term Trading Metrics Saturday?
Written by publisher team

XRP Receives a Strong Long-Term Technical Score of 74 InvestorsBased on historical trading patterns. The proprietary scoring system weighs price action from recent months to the year, analyzes a coin’s support and resistance levels, and where it correlates with long-term averages to determine if it is a solid investment opportunity to buy and hold. XRP currently has a superior long-term technical analysis score of over 74% of the cryptocurrencies in circulation. This ranking metric is very useful for buy-and-hold investors who are looking for strong consistent growth when allocating their assets. Currencies with higher long and short technical points can help indicate which assets have bottomed, providing investors with the opportunity to “buy the dip.”

Investors XRP gives the long term technical rating of 74. Find out what this means for you and get the rest of the ratings on XRP!

Trading Analysis

The current trading price of $0.75,000,000 for XRP is -$0.2500,000 (-25.02%) below the currency 100-day moving average of $1.01 billion. Meanwhile, XRP is $0.5100,000 (-4183.18%) above the 52-week low of $0.24 billion and -$1.21,000,000 (-470.50%) below the 52-week high of $1.96 billion. The current price of XRP relative to the coin’s long-term average and 52-week high and low gives the cryptocurrency a strong long-term technical score of 74. The price action and range of XRP indicate that investors are neutral on the coin at this time. The total market capitalization of XRP is $35,904,433,203.30 with a high average daily volume of $13,544,196,188.64 per coin traded over a typical 24 hour period. As of the last 24 hours, the volume of XRP is below its average with a total of $1,444,921,142.10 exchanged. Subcategory of digital currency: Digital money is an asset, commodity, or currency that aims to maintain value and liquidity over time so that it can be used in the same way as fiat currencies.

Abstract

The historical trading of XRP over the past year gives it a solid long-term technical score of 74 as the price action at that time gave investors reason to be neutral on the currency for the long term. Click here for the full report on XRP (XRP).

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publisher team