A slow down? After seven days of going up, Ripple is flat today, hovering around $0.467.

After dropping down to $0.464, Ripple recovers some losses and is currently trading at $0.467.

Ripple made an initial break below its 3 day Simple Moving Average at $0.464, a possible indication of a forthcoming negative trend. XRP's upper Bollinger Band® is at $0.481, suggesting that a downward move may follow. Despite this, XRP is climbing away and is now 1 cents from the $0.459 support line.

Despite the market lacking direction, technical chart analysis strongly suggests Ripple is positioned for a downward move in the near term.

While XRP is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.071, TRON is up 2.61% today to currently trade at around $0.073. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Having soared to a high of $0.543 approximately a month ago, XRP is now trading 13.82% lower. Ripple is currently trading with a market cap of 24.25 billion with an average daily volume of 883.88 million.