After three consecutive days of gains, XRP is down $0.012 today

XRP is range-bound between $0.36 and $0.378 today after shedding $0.012 and closing at $0.378 today.

Ripple made an initial break below its 5 day Simple Moving Average at $0.377, a possible indication of a forthcoming negative trend. Price action pushed below a known Fibonacci support level at $0.368 by around $0.002 with prices hammering out a $0.36 – $0.378 range by session close. XRP fell below the $0.374 support zone and moved 1 cents beyond it; the next level of support with significant buyer interest is estimated at $0.37. Despite this, XRP's lower Bollinger Band® is at $0.365, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Ripple.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.081, Dogecoin lost $0.005 and is trading around $0.075. Litecoin falls 6.58% to trade around $89.05. Bitcoin closed at $22,363 (down 4.75%).

Having set a significant high of $0.863 11 months ago, Ripple is trading 56.23% lower. XRP has a market cap of 18.62 billion with an average daily volume of 878.86 million.