A few days ago, the entire cryptocurrency market was faced with a drop in prices, which also included the world’s most important cryptocurrencies such as Bitcoin (BTC) and Ether (ETH). These digital assets also included Ripple’s native cryptocurrency, XRP, which is currently the fourth largest digital currency in the world in terms of market capitalization. However, it has now started to restore its lost value.
Price value of XRP
At press time, XRP is valued at around $ 1.23, with a positive price increase of 14.64% over the past 24 hours.
XRP statistical data
XRP’s market cap is around $ 122,720,493,937 of the total market cap at the time of writing.
$ 13,497,824,055 is the 24-hour trading volume.
The circulating supply of XRP is 45,404,028,640 XRP.
Price analysis: XRP price begins the recovery phase
XRP bears appear to have left the market completely as the fourth largest digital currency began its recovery after a price drop a few days ago that made the market much worse. The price of XRP has increased by more than 17 percent in one day, which means that the lots are to be fully recovered. It is also currently in great upward momentum and is controlled by bulls driving the coin price higher.
Over the past day, the remittance coin has broken through various levels of resistance, including $ 1.19 which was crucial. Currently, the coin is trading above the $ 1.23 level and trading in the bullish zone. It is now facing resistance at $ 1.27 and $ 1.30 respectively.
If the coin continues to rise with the current momentum, it is expected to slightly exceed these resistances in the coming days. However, if the case reverses and the price value of the remittance coin begins to decline, the main cryptocurrency can find support at $ 1.20, $ 1.17 and $ 1.13, respectively. These three are crucial levels of support for the coin.