Ripple cryptocurrency trades up $0.003, approximately 0.64% higher going into tomorrow

Marginally higher but lacking a clear-cut direction, XRP is trading at $0.482 after ranging between $0.47 and $0.484 today.

Ripple could be slowing down soon as it approaches resistance at $0.506. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw Ripple dropping below its 50 day Simple Moving Average at $0.477 — an early indicator that a new downward trend could be emerging. In contrast, XRP's lower Bollinger Band® is at $0.472, indicating that the market is oversold and fertile for new buyers.

Technical analysis suggests there could be an imminent reversal for Ripple.

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $25,100, Bitcoin is up 2.55% today to currently trade at around $25,735. Bitcoin Cash goes up 3.12% to trade around $104.95.

XRP now trading 32.81% above its 3-month low of $0.307. Ripple is currently trading with a market cap of 25 billion with an average daily volume of 1.30 billion.