Today’s price action of Ripple suggests that investors are indecisive regarding the asset’s direction. It is in a tight range between $0.76 and $0.78. The price action of Ripple has remained sideways. It is currently facing stiff resistance near the $0.80 mark. Further downside pressure is capped at around $0.75. The On-Balance-Volume indicator is a key technical indicator that tells about an asset’s total running volume.
The Relative Strength Index (RSI) of the market is currently trading at 51. It can trigger further upside movements. The MACD indicator is currently above its midline and is expected to continue moving higher. Ethereum is trading at $0.77, up 0.11%. Its 24-hour trading volume is down by 23% to $2,122,299,636. If the price manages to break below the $0.70 support, a fresh selloff could be initiated. While RippleNet is a digital payment platform that is run by Ripple, the XRP Ledger is an open-source project that is not based on blockchain. It is a real-time gross settlement system that enables users to make transactions globally.