• XRP has crashed more than 5% in the past 24 hours, dropping below $3. 
• The nearest support levels for the altcoin stand at $2.5, $2.2, and $2.
• XRP accumulation, however, remains unfazed and the cryptocurrency trades at $2.95.

XRP has got a $171 billion market cap and sits comfortably as the third-largest digital asset. Comfortable for now, that is, until it took a 5% tumble in the past 24 hours, dipping below the $3 mark. That price point had been holding for several weeks. After failing to climb above $3.30, XRP now has its sights set on a possible retest of $2.70 if the bulls don’t jump in and reclaim that crucial $3 level.

According to CoinMarketCap data, XRP trades at $2.95 right now, with trading volume up 71.59% in the last 24 hours, sitting at $5.38 billion. Looking at the chart below, the jump in trading volume combined with the reading from the Accumulation/Distribution line could hint at the trend in the coming days.

While the volume for XRP might be way up in the past day, the chart shows it hasn’t yet hit November levels. However, the accumulation of XRP remains on the rise, suggesting that investors aren’t ready to dump their XRP. 

A few…

The post XRP Price Prediction January 27: Will $2.70 Support Hold the Line? appeared first on Coin Edition.

• XRP has crashed more than 5% in the past 24 hours, dropping below $3. 
• The nearest support levels for the altcoin stand at $2.5, $2.2, and $2.
• XRP accumulation, however, remains unfazed and the cryptocurrency trades at $2.95.

XRP has got a $171 billion market cap and sits comfortably as the third-largest digital asset. Comfortable for now, that is, until it took a 5% tumble in the past 24 hours, dipping below the $3 mark. That price point had been holding for several weeks. After failing to climb above $3.30, XRP now has its sights set on a possible retest of $2.70 if the bulls don’t jump in and reclaim that crucial $3 level.

According to CoinMarketCap data, XRP trades at $2.95 right now, with trading volume up 71.59% in the last 24 hours, sitting at $5.38 billion. Looking at the chart below, the jump in trading volume combined with the reading from the Accumulation/Distribution line could hint at the trend in the coming days.

While the volume for XRP might be way up in the past day, the chart shows it hasn’t yet hit November levels. However, the accumulation of XRP remains on the rise, suggesting that investors aren’t ready to dump their XRP. 

A few…

The post XRP Price Prediction January 27: Will $2.70 Support Hold the Line? appeared first on Coin Edition.