XRP ended the previous session at $0.454; currently trading at $0.448

Ripple drops from $0.454 to $0.448, losing $0.005 (1.17%) today.

Ripple made an initial break below its 21 day Simple Moving Average at $0.447, a possible indication of a forthcoming negative trend. Ripple formed a session range of $0.446 to $0.454 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $0.449. Ripple's upper Bollinger Band® is at $0.476 which indicates a further downward move may follow. In contrast, Ripple could begin to recover as it approaches significant support, now 1 cents away from $0.446. Dipping below could be an indication that further losses are ahead.

Looking forward, Ripple is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Cardano is down to $0.356, losing $0.008, after closing at $0.364 in the preceding trading session. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36.

Having soared to a high of $0.543 approximately a month ago, Ripple is now trading 16.43% lower. Ripple has a market cap of 23.25 billion with an average daily volume of 868.37 million.