Ripple’s XRP is currently on the rise amid positive market sentiment. According to technical analysis:
1. Current Price:
• XRP is trading at around $2.4, up 1.56% in the past 24 hours, with a daily trading volume of around $7.87 billion.
• The market cap is around $140.22 billion, making it the fourth most popular cryptocurrency.
2. Uptrend:
• XRP is close to breaking through a key resistance level at $3. The minimum support is currently at $1,166.
• The Relative Strength Index (RSI) is showing a value of around 65.21, indicating increasing purchasing power.
3. Volatility and reduced risk:
• There is a slight decrease in market volatility, reducing the likelihood of major price corrections in the near term.
4. Future Prospects:
• Analysts expect the bullish trend of the currency to continue if XRP maintains the influx of institutional and whale investments, with expectations of reaching new levels before the end of the year   .
