| 
June 25, 2023
Small gain for Ripple at $0.491 after ranging between $0.485 and $0.495 today.
Ripple made an initial breakout above its 10 day Simple Moving Average at $0.491, a potential indicator of a newly emerging bullish phase. Ripple formed a session range of $0.485 to $0.495 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $0.495. Ripple's lower Bollinger Band® is at $0.464, indicating that the market is oversold and fertile for new buyers. Despite this, XRP price action is currently oscillating around the $0.495 resistance level with prices moving above and below several times during the session.
Overall, looking at the technical analysis landscape, it seems XRP might continue pointing upwards in the short term.
XRP shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $4.74, UNICORN Token USD is up 15.49% today to currently trade at around $5.47.
At the same time, Bitcoin Cash closed at $195.26 (down 8.89%).
XRP has managed to gain 43.91% so far this year despite trading at lows around $0.311 previously. Ripple has a market cap of 25.66 billion with an average daily volume of 1.25 billion.
