XRP has rallied $0.009, or 1.96%, to now stand at $0.459.
Trend-following investors would be interested to note that Ripple made an initial breakout above its 50 day Simple Moving Average at $0.456, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Ripple's upper Bollinger Band® is at $0.483, this is a slight indication of a slowdown. Technical analysis shows that XRP could be slowing down soon as it approaches resistance at $0.463. Of course, crossing it might suggest further gains are ahead.
All in all, the technical analysis suggests Ripple has no clear-cut direction.
Ripple shows positive signs, other assets are also on par: MaticNetwork USD rallies 10.72% to trade around $0.966. Binance Coin ascends 4.21% to trade around $333.4. Having closed the previous session at $7.42, Chainlink USD is up 6.58% today to currently trade at around $7.91.
11 months ago XRP reached a significant high of $1.29 but has consequently lost 65.03% since then. XRP has a market cap of 22.99 billion with an average daily volume of 5.99 million.