$XRP
🚨 XRP Price Witnesses Increased Volatility 🚨
The XRP price continues hovering between the $2.30 mark and $2.40 mark this week, suggesting a cool-off in the price action. Moreover, with a market capitalization of $137.55 billion, the market dominance of this altcoin stands at 4.202%.
The Relative Strength Index (RSI) displays a bearish convergence in the daily time frame. On the other hand, the cross EMA 50/200-day records a neutral price action. This indicates an increase in the selling-over-buying pressure for the 2nd largest altcoin in the cryptocurrency market.
If the bulls regain momentum, this could result in the price of XRP could breach its immediate resistance of $2.50 and head toward its upper price target of $3.00 in the upcoming time. Conversely, increased bearish action could result in it plunging toward its important support of $2.00.