Ripple trades at $0.381 after gaining $0.004 (1.12%).
With regards to technical trend indicators, chart analysis show that Ripple made an initial breakout above its 10 day Simple Moving Average at $0.384, a potential indicator of a newly emerging bullish phase. Japanese candlestick formations show 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Asset volatility analysis shows that XRP's upper Bollinger Band® is at $0.4, this is a slight indication of a slowdown. Visual analysis of XRP's chart shows that
Overall, the technical outlook suggests Ripple is likely to remain muted for the immediate future, with no clear-cut direction.
XRP shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. EOS gained 4.08% and is currently trading at $1.19. Litecoin is up 4.03%.
XRP is now trading 56.37% below the significant high of $0.863 it set around 11 months ago. Ripple is currently trading with a market cap of 19.41 billion with an average daily volume of 798 million.