Ripple ended the previous session at $0.371; currently trading at $0.363

Struggling to find upward momentum, Ripple has shed $0.008 to currently trade at $0.363 as it ranges between $0.363 and $0.375 so far today.

Despite being in the red so far in the current trading session, Ripple peaked above its 10 day Simple Moving Average around $0.375 — typically an early indicator of a new bullish trend beginning to emerge. Ripple's lower Bollinger Band® is at $0.36, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. XRP could begin to recover as it approaches significant support, now 1 cents away from $0.359. Dipping below could be an indication that further losses are ahead. On the other hand, note that Ripple formed a session range of $0.363 to $0.375 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $0.368.

Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Ripple is set to appreciate despite today's setback.

In the meantime, negative performances are also seen in other markets, EOS is trading around $0.974 (down $0.071). After ending today's session at $71.63, Litecoin lost $4.12 and is trading around $67.51.

Other assets are showing positive performances as FTX Token soars 9.54% to trade around $1.36.

11 months ago Ripple reached a significant high of $0.863 but has consequently lost 57.07% since then. XRP is currently trading with a market cap of 18.48 billion with an average daily volume of 975.65 million.