After three days of going down, XRP is stable today, trading around $0.378

Without a clear-cut direction, Ripple is trading around $0.378 and ranging between $0.377 and $0.378.

Ripple is approaching key support, around 1 cents away from $0.372. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Ripple's upper Bollinger Band® is at $0.405 and the lower is $0.368.

Despite muted price action in Ripple, chart analysis indicates it is positioned for a bullish run in the short term.

While XRP is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Cardano closed at $0.359 (down 0.7%).

Having soared to a high of $0.863 approximately 10 months ago, XRP is now trading 56.21% lower. Ripple has a market cap of 19.26 billion with an average daily volume of 675.23 million.