At the time of writing, XRD is being traded at the price of $0.2739. The price of the coin has increased by almost 14% in the past 24 hours. The maximum and minimum of the day are around $0.281 and $0.2324. The daily trading volume has on the other hand has increased by almost 63% in one day. XRD is listed on coinmarketcap at 203rd spot according to market capital and has negligible market dominance.
XRD before the crash had achieved its all-time high around the price of $0.14 in August 2021. During the crash, XRD created a bottom and dropped down to $0.098 in the same month. Just like many other coins, the coin showed reversal and it wasn’t long before XRD created a new all-time high in the month of November and reached a price of $0.65
XRD has a total supply of around 24B tokens and has nearly half of them in the circulation i.ie around 12.12B. XRD can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.
Technical Analysis – Radix (XRD)
According to the daily time frame, we can see that XRD had an explosive upwards, this move has taken the coin to new heights. The price went to touch new high where it failed to hold the level and ultimately broke down. Price broke the structure that resulted in the free fall of the price.
The price of XRD quickly fell down and touch the bottom. This fall has created an order block. This block is still unmitigated. Now what can happen is that price can move upwards and touch the break of structure point.
When it touches that point, we can look for multiple scenarios. If the price becomes stable above. We can look for a possible long. But the unmitigated zone, that is present below can drive the price down. Lower time frame confirmations should be taken into consideration to take a possible entry.
Price Prediction – Radix (XRD)
Radix(XRD) has been one of the highly bullish coins in the market. According to wallet investor, XRD in one year is expected to reach a value of $1.501. In five years, it is expected to touch $6.543. This shows that the coin has a huge amount of potential in it and would give an amazing return to the people who would hold it.
