XRP cryptocurrency trades up $0.013, approximately 2.42% higher going into tomorrow

Tentatively higher from an earlier low of $0.522, Ripple is up to $0.537 today, adding $0.013, or 2.42%, to today's closing price of $0.524.

Despite posting gains so far today, Ripple slid below its 10 day Simple Moving Average at $0.521 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.558, thereby suggesting that XRP is becoming overvalued. XRP reversed direction at $0.528 resistance zone and retreated back 1 cents below it.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates XRP is set for a reversal in the coming days.

XRP shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36.

Meanwhile, TRON dips 6.8% to trade around $0.072. Cardano drops 6.51% to trade around $0.3.

The past 3 months have been positive for Ripple as it added 41.58% compared to its 3-month low of $0.307. XRP is currently trading with a market cap of 27.92 billion with an average daily volume of 1 billion.