Slightly weaker but mostly flat: XRP is currently trading at $0.382 as it maintains an active range between $0.379 and $0.386.
Ripple could begin to recover as it approaches significant support, now 1 cents away from $0.371. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, XRP peaked above its 10 day Simple Moving Average around $0.383 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems Ripple —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Positive performances can be seen by looking at other markets as Binance Coin is up 1.94%. Having closed the previous session at $0.268, Algorand USD is up 3.47% today to currently trade at around $0.277. TRON gained 1.44% and is now trading at $0.051.
Ripple reached a significant high of $1.1 around 11 months ago but has lost 65.16% since then. Ripple has a market cap of 19.17 billion with an average daily volume of 9.18 million.