$XRP
🚨 XRP Price Records Consolidated Price Action 🚨
The XRP price has entered into a consolidated phase over the past week. With this, altcoin has displayed a neutral action in the last 7 days. However, considering the longer time frame, this altcoin has added approximately 10% to its valuation in 30 days. The Ripple token has a market dominance of 4.27% with a valuation of $128.63 billion.
While the EMA 50-days displays a bullish convergence, the 200-day EMA acts as a strong support around the $2,000 mark. Adding to this, the MACD indicator records a neutral trend in the 1D time frame. This indicates a mixed price action for the 2nd largest altcoin by market capitalization.
If the crypto market witnesses an increase in the accumulation of XRP, the coin’s price may regain momentum and head toward its important resistance level of $2.50. On the contrary, a negative action could result in it plunging toward its low of $2.00 soon.