Ripple up $0.014 to $0.462 building up on its six days of gains

Tentatively higher from an earlier low of $0.444, XRP is up to $0.462 today, adding $0.014, or 3.21%, to today's closing price of $0.448.

Technical analysis of XRP's past price action reveals multiple support and resistance levels: Ripple broke through the $0.458 resistance and climbed above it 1 cents; next resistance level is at $0.469. Trend-focused traders would be interested to note that XRP made an initial breakout above its 21 day Simple Moving Average at $0.447, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $0.444 to $0.471, Fibonacci-inclined Ripple traders were highly concentrated around active Fibonacci resistance at $0.449. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.48, thereby suggesting that XRP is becoming overvalued.

Overall, while XRP has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Ripple shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36.

At the same time, Litecoin slips 2.55% to trade around $91.48. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Having set a significant high of $0.543 a month ago, Ripple is trading 17.52% lower. XRP has a market cap of 23.95 billion with an average daily volume of 905.49 million.