XRP cryptocurrency trades up $0.004, approximately 0.81% higher going into tomorrow

Tentatively higher from an earlier low of $0.477, XRP is up to $0.483 today, adding $0.004, or 0.81%, to today's closing price of $0.479.

Ripple made an initial breakout above its 50 day Simple Moving Average at $0.482, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.485 currently serving as resistance. If broken, the next Fib hurdle is expected to be $0.495. Ripple's lower Bollinger Band® is at $0.464, indicating that the market is oversold and fertile for new buyers. On the other hand, note that XRP broke through the $0.485 resistance and climbed 1 cents above it.

Examining the technical analysis landscape, XRP might continue its downtrend in the short term.

Ripple shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin Cash improves 4.15% to trade around $232.15. MaticNetwork USD is up 3.26%.

XRP has gained 42.58% since its lowest print of $0.311 earlier this year. XRP is currently trading with a market cap of 25.22 billion with an average daily volume of 1.15 billion.