Mixed sentiment leads XRP cryptocurrency to trade sideways; establishes tight $0.378 to $0.379 range

Without a clear-cut direction, XRP is trading around $0.378 and ranging between $0.378 and $0.379.

Ripple is approaching key support, around 1 cents away from $0.37. 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. XRP's upper Bollinger Band® is at $0.406 and the lower is $0.369.

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

Other markets show mixed performance as FTX Token soars 9.54% to trade around $1.36. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

10 months ago XRP reached a significant high of $0.863 but has consequently lost 56.13% since then. Ripple is currently trading with a market cap of 19.27 billion with an average daily volume of 648.69 million.