XRP cryptocurrency trades up $0.021, approximately 4.12% higher going into tomorrow

Currently trading at $0.531, XRP remains range-bound between $0.5 and $0.531.

Trend analysis indicates that Ripple made an initial breakout above its 10 day Simple Moving Average at $0.512, a potential indicator of a newly emerging bullish phase. XRP formed a session range of $0.5 to $0.531 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $0.513. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.546, thereby suggesting that XRP is becoming overvalued. As the trading day comes to an end, chart analysis indicates XRP is 3 cents away from testing key resistance at $0.532. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, the technical outlook suggests Ripple is likely to remain muted for the immediate future, with no clear-cut direction.

Ripple shows positive signs, other assets are also on par: Bitcoin is up 5.47%. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Dogecoin surges 6.64% to trade around $0.071.

The past 3 months have been positive for Ripple as it added 37.21% compared to its 3-month low of $0.307. Ripple is currently trading with a market cap of 27.58 billion with an average daily volume of 1 billion.