XRP is grinding lower from $0.35 to $0.343, shedding $0.007 (2%) today.
Ripple made an initial break below its 3 day Simple Moving Average at $0.348, a possible indication of a forthcoming negative trend. In contrast, '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. Ripple's lower Bollinger Band® is at $0.337, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Ripple.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.075, Dogecoin lost $0.002 and is trading around $0.073. Cardano is down to $0.254, losing $0.005, after closing at $0.259 in the preceding trading session. FTX Token is down $0.014 from the beginning of the session and now trades around $0.923.
Ripple is now trading 64.68% below the significant high of $0.99 it set around 11 months ago. Ripple has a market cap of 17.25 billion with an average daily volume of 5.92 million.