Ripple cryptocurrency trades up $0.013, approximately 2.64% higher this afternoon

After closing the previous trading day at $0.503, Ripple went up to $0.526 only to drop back; still positive overall today, now trading at $0.516.

Ripple broke through the $0.513 resistance, climbing 2 cents above it. XRP made an initial breakout above its 10 day Simple Moving Average at $0.514, a potential indicator of a newly emerging bullish phase.

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

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. Litecoin is up 2.39% to $94.64. Ethereum gained 2.19% and is now trading at $1,910.78.

Ripple has gained 50.25% since its lowest print of $0.307 earlier this year. XRP has a market cap of 26.65 billion with an average daily volume of 1.94 billion.