XRP cryptocurrency trades up $0.002, approximately 0.42% higher this afternoon

Currently trading at $0.431, Ripple remains range-bound between $0.425 and $0.433.

Ripple made an initial breakout above its 3 day Simple Moving Average at $0.432, a potential indicator of a newly emerging bullish phase. Ripple's lower Bollinger Band® is at $0.425, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Ripple could be slowing down soon; it is getting close to the resistance line and is now at $0.432, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

XRP continues to move higher with technical analysis indicating the trend will continue in the short term.

XRP shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. Cosmos USD is up 5.1% to $10.91.

At the same time, Bitcoin Cash is down to $118.17, losing $3.81, after closing at $121.98 in the preceding trading session.

XRP has fallen back around 21% over the past a month, from a notable high of $0.543. XRP has a market cap of 22.32 billion with an average daily volume of 1 billion.