Ripple cryptocurrency trades up $0.006, approximately 1.07% higher going into tomorrow

After closing at $0.521 today, Ripple began today at $0.521 with significant bullish sentiment driving Ripple's price action higher. So far today, price action has drawn out a distinct $0.511 to $0.527 range.

Trend-focused traders would be interested to note that Ripple made an initial breakout above its 10 day Simple Moving Average at $0.521, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that XRP's upper Bollinger Band® is at $0.556, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates XRP could be slowing down soon as it approaches resistance at $0.534. Of course, crossing it might suggest further gains are ahead.

Overall, while Ripple has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Ripple shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. Cosmos USD is up 4.21%.

At the same time, Binance Coin slips 2.5% to trade around $229.39.

Ripple now trading 41.69% above its 3-month low of $0.307. XRP is currently trading with a market cap of 27.37 billion with an average daily volume of 1.17 billion.