Ripple has been up for four days in a row, gaining $0.002 to reach $0.471.

After closing at $0.468 today, XRP began today at $0.468 with significant bullish sentiment driving XRP's price action higher. So far today, price action has drawn out a distinct $0.467 to $0.478 range.

Trend-following investors would be interested to note that Ripple made an initial breakout above its 50 day Simple Moving Average at $0.47, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.483, thereby suggesting that Ripple is becoming overvalued. Technical analysis shows that Ripple broke through the $0.471 resistance and climbed 1 cents above it.

Notwithstanding XRP's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

XRP shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36. TRON moves up 1.66% to trade around $0.077. Polkadot climbs 1.53% to trade around $5.32.

Having set a significant high of $0.543 a month ago, Ripple is trading 13.69% lower. XRP is currently trading with a market cap of 24.46 billion with an average daily volume of 867.46 million.