XRP cryptocurrency trades up $0.001, approximately 0.29% higher this afternoon

XRP posts light gains on a low-volatility day, ranging between $0.489 – $0.5 and is now at $0.497.

Price action remains constrained around the key Fibonacci level of $0.5 currently serving as resistance Support/Resistance levels obtained from chart analysis indicate that although XRP is appreciating today after rising as high as $0.5, price action is now slowing and consolidating around 2 cents below the $0.514 resistance level.

Ripple has gained 45.57% since its lowest print of $0.307 earlier this year. XRP has a market cap of 25.66 billion with an average daily volume of 1.94 billion.