XRP ended the previous session at $0.462; currently trading at $0.458

Slightly weaker but mostly flat: Ripple is currently trading at $0.458 as it maintains an active range between $0.458 and $0.469.

Ripple could begin to recover as it approaches significant support, now 2 cents away from $0.436. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Ripple peaked above its 50 day Simple Moving Average around $0.462 — typically an early indicator of a new bullish trend beginning to emerge. XRP's lower Bollinger Band® is at $0.435, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Technical analysis shows that XRP (currently on a downtrend) might reverse course and start going up in the short term.

Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36. Having closed the previous session at $10.93, Cosmos USD is up 4.92% today to currently trade at around $11.47. Bitcoin is up 1.61%.

Ripple has managed to gain 33.39% so far this year despite trading at lows around $0.307 previously. Ripple has a market cap of 23.70 billion with an average daily volume of 1.10 billion.