Ripple Price Analysis: XRP Continues To Rise, Pushes Past $1.22

Daily Ripple Price Forecast

Last Updated November 5th 2021
2 Min Read
  • The Ripple price pushed up to $1.22 during the current session, as buyers and sellers struggled for control. 
  • XRP has been very bullish during the current week and had pushed past $1.20 on Tuesday. 

The Ripple price continued to be bullish as buyers continued to push the price higher. XRP has made a strong recovery after a bearish Monday, as the price dropped by almost 2% on Monday, falling to $1.09. The price recovered on Tuesday, registering an increase of 3.92%, rising to $1.13. On Wednesday, the bullish sentiment persisted as the price shot up by over 6%, rising to $1.21. The current session sees XRP up by almost 2%, as buyers look to push the price beyond $1.23.

Ripple Price Chart Indicates XRP Could Push To $1.25 

The Ripple price had started the previous week on a bullish note, rising by 1.25% on Monday. The price registered a further increase on Tuesday, as it rose to $1.10, where the 20-day SMA was acting as resistance. As a result, the price dropped sharply on Wednesday, dropping by over 10%, slipping below the 50-day and 200-day SMAs to settle at $0.99. XRP recovered from this level on Thursday, as the price rose by 6.32%, pushing above the 200-day SMA, and settled at $1.05. XRP continued to increase on Friday, rising to $1.08 after registering an increase of 2.36%.

XRP/USD daily chart 110521

Image: XRP/USD daily

The Ripple price continued to be bullish over the weekend, as it registered a marginal increase on Saturday before rising by over 2.69% on Sunday to push above the 20-day SMA and settle at $1.11. However, XRP was down on Monday as it started the current week on a negative note, falling by 1.93%. The price recovered on Tuesday, rising by almost 4%, and then rising by 6.57% on Wednesday to push up to $1.21. The current session sees buyers in control as they push the price towards $1.25. We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could increase further.

XRP/USD 4-hour 110521

Image: XRP/USD 4-hour

The Ripple price had surged on the 28th, as the price rose to $1.05 before pushing up to $1.06. XRP continued to be bullish as the price rose to $1.09, pushing above all three SMAs. With the 50-bar SMA now acting as support, XRP could stay at this price level before rising further to $1.12. After this level, the price fell to $1.08, where the 50-bar SMA propped up the price. As a result, XRP rose to $1.11 before dropping to $1.07. XRP posted a strong recovery from this level, as it used the 20-bar SMA as support and pushed up to $1.13. The price continued to increase, rising to $1.20 before dropping to $1.16 and then rising to its current level of $1.23. We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could continue increasing.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we can see that XRP has been very bullish since the start of the week; if the current sentiment persists, we can see the price push up to $1.25.