Ripple ended the previous session at $0.465; currently trading at $0.464

XRP remains constrained within a $0.459 to $0.483 range and is currently trading around the $0.464 level.

Ripple made an initial break below its 50 day Simple Moving Average at $0.458, a possible indication of a forthcoming negative trend. Despite this, Bollinger Bands® shows an indication of recovery: the lower band is at $0.45, a low enough level to, generally, suggest that XRP is trading below its fair value. Although Ripple is down today and was as low as $0.459, it seems to be recovering slightly and climbing away from the $0.454 support line and is now 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 $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54%. Litecoin ascends 1.29% to trade around $87.96.

This year has been a bright one for XRP after trading as low as $0.307 and going on to appreciate by 35.78% year to date. Ripple has a market cap of 23.99 billion with an average daily volume of 1.11 billion.