#xrp XRP's current price is $2.19, with a 0.70% decrease in the last 24 hours. Here's a detailed technical analysis:
*Key Metrics*
- *Current Price*: $2.19
- *Market Cap*: $128.11 billion
- *24-hour High*: $2.22
- *24-hour Low*: $2.18
- *Circulating Supply*: 58.503 billion XRP
- *Total Supply*: 99.986 billion XRP
*Technical Analysis*
XRP's technical indicators show a neutral trading signal. To make informed trading decisions, consider using indicators like moving averages and Relative Strength Index (RSI).
*Support and Resistance Levels*
- *Support Level*: $2.18 (24-hour low)
- *Resistance Level*: $2.22 (24-hour high)
*Trading Setup*
You can trade XRP on platforms like Bitget or Binance. Always manage your risk effectively and do your own research before making trading decisions.
*Factors Influencing XRP's Price*
- *Regulatory Developments*: The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) impacts XRP's price.
- *Market Sentiment and Macroeconomic Events*: Trade tariffs and economic uncertainty can lead to market-wide sell-offs affecting XRP's price.
- *Institutional Interest*: Growing interest from institutions, such as CME Group's announcement to launch XRP futures contracts, can enhance liquidity and attract investors ¹.$XRP