XRP is growing its four-day winning streak and is trading at $0.381, gaining $0.007.

After closing the previous trading day at $0.374, XRP is up to $0.381, which makes for a move of 1.85%/$0.007 today.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.389, thereby suggesting that Ripple is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest XRP is set for a reversal in the coming days.

Ripple shows positive signs, other assets are also on par: Bitcoin rallies 7.06% to trade around $25,900. FTX Token added 9.54% to its value, now trading at $1.36. Bitcoin Cash is up 6.1%.

XRP is now trading 56.7% below the significant high of $0.863 it set around 11 months ago. Ripple is currently trading with a market cap of 19.40 billion with an average daily volume of 1 billion.