XRP Receives a Strong Long-Term Technical Score of 73 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 super long-term technical analysis score of over 73% 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.”
XRP is currently – $0.1800,000 (-17.91%) below the 100-day moving average of $1.010 billion with its current price of $0.830,000,000. Meanwhile, XRP is $0.6100,000 (-4682.27%) above the 52-week low of $0.22 billion and -$1.13,000,000 (-466.58%) below the 52-week high of $1.96 billion. The current price relative to its moving average and 52-week high and low results in a strong long-term technical score of 73. Trends for the long-term XRP trading history suggest that traders are currently neutral on the currency. XRP has a market capitalization of $39,533,493,770.21 and a relatively high average daily volume of $26,456,146,948.26 per coin traded over a typical 24 hour period. Over the past 24 hours, XRP volume has been below the seven-day average with 1,321,468,354.36 traded. 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.
The XRP trading patterns over the past year lead the coin to have a strong long-term technical score of 73 due to its consistency, volatility, and correlation with long-term averages which gave investors reason to be neutral on the coin. Click here for the full report on XRP (XRP).