Mixed sentiment leads XRP cryptocurrency to trade sideways; establishes tight $0.457 to $0.461 range

Without a clear-cut direction, Ripple is trading around $0.46 and ranging between $0.457 and $0.461.

Ripple's upper Bollinger Band® is at $0.485, suggesting that a downward move may follow. Despite this, Ripple is approaching key support, around 1 cents away from $0.453. 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.

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

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Binance Coin gained 0.77% and is now trading at $325.24.

XRP has managed to gain 35.29% so far this year despite trading at lows around $0.307 previously. XRP is currently trading with a market cap of 23.84 billion with an average daily volume of 1 billion.