Bearish Ripple currently $0.002 lower after trading as low as $0.439

After closing at $0.442 today, Ripple opened today at $0.442, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, Ripple retains a distinct $0.439 to $0.46 daily range.

Despite being in the red so far in the current trading session, Ripple peaked above its 21 day Simple Moving Average around $0.449 — typically an early indicator of a new bullish trend beginning to emerge. XRP could begin to recover as it approaches significant support, now 2 cents away from $0.42. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems Ripple might start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is trading around $6.43 (down $0.197).

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin goes up 1.97% to trade around $91.89.

Ripple has fallen back around 18.6% from the significant high of $0.543 set a month ago. XRP has a market cap of 22.80 billion with an average daily volume of 890.78 million.