Tentatively higher from an earlier low of $0.391, XRP is up to $0.397 today, adding $0.005, or 1.27%, to today's closing price of $0.392.
Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.424, thereby suggesting that Ripple is becoming overvalued. Ripple could be slowing down soon as it approaches resistance at $0.4. Of course, crossing it might suggest further gains are ahead. On the other hand, note that XRP made an initial breakout above its 200 day Simple Moving Average at $0.395, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.395 currently serving as resistance
Technical analysis suggests there could be an imminent reversal for XRP.
Ripple shows positive signs, other assets are also on par: having closed the previous session at $0, UNICORN Token USD is up 2,714,732% today to currently trade at around $6.86. FTX Token added 9.54% to its value, now trading at $1.36. Algorand USD gained 7.49% and is currently trading at $0.274.
Ripple has gained 15.61% since its lowest print of $0.307 earlier this year. XRP has a market cap of 20.19 billion with an average daily volume of 3.25 million.