Ripple is down by $0.007 (-1.53%); currently trading around $0.464

Ripple drops from $0.471 to $0.464, losing $0.007 (1.53%) today.

With regards to technical trend indicators, chart analysis show that Ripple made an initial break below its 50 day Simple Moving Average at $0.47, a possible indication of a forthcoming negative trend. Asset volatility analysis shows that Ripple's lower Bollinger Band® is at $0.436, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. A study of XRP's historical price actions shows XRP is currently alternating around $0.463 with price action moving above and below this key level throughout the session.

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

In the meantime, negative performances are also seen in other markets, after ending today's session at $29,248, Bitcoin lost $779.41 and is trading around $28,469.

Positive performances can be seen by looking at other markets as FTX Token jumps 9.54% to trade around $1.36. TRON is up 2.46%.

Ripple has managed to gain 40.57% so far this year despite trading at lows around $0.307 previously. Ripple is currently trading with a market cap of 24 billion with an average daily volume of 1.13 billion.