XRP up $0.002 to $0.377 building up on its four days of gains

After closing the previous trading day at $0.375, XRP is up to $0.377, which makes for a move of 0.6%/$0.002 today.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.388, thereby suggesting that Ripple is becoming overvalued.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates XRP is set for a reversal in the coming days.

Other markets are also showing gains as FTX Token gained 9.54% and is now trading at $1.36. Polkadot added 1.68% to its value, now trading at $6.44. Binance Coin is up 1.09%.

XRP has fallen back around 56.55% over the past 11 months, from a notable high of $0.863. XRP has a market cap of 19.23 billion with an average daily volume of 1 billion.