Tough start for Ripple this morning following 0.62% decline; now at $0.376

XRP slides down from $0.378 to $0.376 today, losing $0.002 (0.62%).

Ripple could begin to recover as it approaches significant support, now 1 cents away from $0.364. Dipping below could be an indication that further losses are ahead. XRP's lower Bollinger Band® is at $0.365, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Technical analysis shows that Ripple (currently on a downtrend) might reverse course and start going up in the short term.

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. After ending today's session at $1.32, EOS lost $0.016 and is trading around $1.3.

Other assets are showing positive performances as FTX Token is up 9.54%.

XRP has fallen back around 56.21% over the past 11 months, from a notable high of $0.863. XRP is currently trading with a market cap of 19.14 billion with an average daily volume of 904.61 million.