XRP up $0.002 to $0.363 building up on its four days of gains

After closing the previous trading day at $0.361, Ripple is up to $0.363, which makes for a move of 0.64%/$0.002 today.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Ripple's lower Bollinger Band® is at $0.361, indicating that the market is oversold and fertile for new buyers.

Overall, the technical outlook suggests XRP is likely to remain muted for the immediate future, with no clear-cut direction.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Tezos USD is up 3.39%. Litecoin is up 2.79%.

Over the past 11 months, XRP has retreated 58.23% from a noteworthy peak of $0.863. XRP has a market cap of 18.49 billion with an average daily volume of 1 billion.