Ripple trades at $0.475 after gaining $0.009 (1.88%).
Ripple made an initial breakout above its 10 day Simple Moving Average at $0.473, a potential indicator of a newly emerging bullish phase. Crossed the $0.471 Fibonacci level, next level is at $0.484. XRP broke through the $0.472 resistance and climbed above it 1 cents; next resistance level is at $0.476.
Overall, looking at the technical analysis landscape, it seems Ripple might continue pointing upwards in the short term.
Ripple shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
At the same time, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Binance Coin is trading around $326.42 (down $4.3).
This year has been a bright one for Ripple after trading as low as $0.307 and going on to appreciate by 37.94% year to date. Ripple is currently trading with a market cap of 24.60 billion with an average daily volume of 1.13 billion.