Ripple cryptocurrency trades up $0.002, approximately 0.38% higher this afternoon

After dipping down to $0.478, Ripple regains earlier losses and reaches $0.485.

Technical chart analysis shows Ripple broke through the $0.484 resistance and climbed 1 cents above it. Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.493, thereby suggesting that Ripple is becoming overvalued.

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

The past 3 months have been positive for XRP as it added 26.17% compared to its 3-month low of $0.307. XRP has a market cap of 25.20 billion with an average daily volume of 873.14 million.