Ripple ended the previous session at $0.371; currently trading at $0.365

Ripple is grinding lower from $0.371 to $0.365, shedding $0.007 (1.78%) today.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Having stamped out a session range of $0.36 to $0.375, Fibonacci-inclined XRP traders were highly concentrated around active Fibonacci support at $0.368. On the other hand, note that XRP's lower Bollinger Band® is at $0.362, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. XRP reversed direction at $0.359 support zone and climbed 1 cents above it.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Ripple.

In the meantime, negative performances are also seen in other markets, after ending today's session at $76.78, Litecoin lost $6.31 and is trading around $70.47. TRON closed at $0.057 (down 3.45%).

Other assets are showing positive performances as FTX Token is up 9.54%.

Over the past 11 months, Ripple has retreated 57% from a noteworthy peak of $0.863. Ripple is currently trading with a market cap of 18.58 billion with an average daily volume of 947.29 million.