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Trading Signals

XRP cryptocurrency trades up $0.005, approximately 0.95% higher this afternoon

13 April 2023

XRPUSD

After ending the previous trading day at $0.505, XRP went up to $0.513 only to drop back; still positive overall today, now trading at $0.51.

Ripple made an initial breakout above its 10 day Simple Moving Average at $0.508, a potential indicator of a newly emerging bullish phase. Despite this, XRP could be slowing down soon; it is getting close to the resistance line and is now at $0.514, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, looking at the technical analysis landscape, it seems XRP might continue pointing upwards in the short term.

Other markets are also showing gains as FTX Token jumps 9.54% to trade around $1.36. Ethereum is up 4.18%. EOS increases 4.25% to trade around $1.26.

XRP has managed to gain 48.57% so far this year despite trading at lows around $0.307 previously. Ripple is currently trading with a market cap of 26.39 billion with an average daily volume of 1.62 billion.

Market Summary

Latest Crypto News

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After five days of going down, Solana is flat today, hovering around $20.62

Binance Coin cryptocurrency trades up $1, approximately 0.32% higher going into tomorrow

FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

Mixed sentiment leads Cardano cryptocurrency to trade sideways; establishes tight $0.379 to $0.383 range

LTC cryptocurrency trades up $0.62, approximately 0.74% higher going into tomorrow

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