Ripple Price Analysis: XRP Fails To Register Significant Movement Over The Weekend
Daily Ripple Technical Analysis
- The Ripple price remained static over the weekend, as the price remained relatively static at $1.18
- The current session has seen XRP rise only marginally, pushing up to $1.19.
The Ripple price did not see much movement over the weekend, as neither buyers nor sellers could take control of the sessions. XRP had been quite bearish towards the end of last week and registered a drop of over 5% on Wednesday before rising to $1.21 on Thursday. However, the price fell back in the red on Friday, dropping by over 2% to $1.18. Although XRP entered the weekend on a bearish note, the price did not register any fall over the weekend.
Ripple Price Chart Indicates Buyers Trying To Push Price To $1.20
The Ripple price has been quite bearish lately and had entered the weekend on a bearish note, registering a drop of 3.50% on Friday. The price remained bearish on Saturday before it pushed up on Sunday, rising by almost 6% to end the weekend at $1.22. The bullish sentiment persisted on Monday, as the price rose to $1.28 before XRP turned bearish on Tuesday and dropped by almost 2%, and settled at $1.25
Image: XRP/USD daily
The Ripple price continued to be bearish on Wednesday, as the price dropped by over 5%, after a highly volatile session, with the price finally settling at $1.19. However, Thursday saw a recovery, as XRP rose by almost 2%, before falling on Friday and settling at $1.18. The weekend did not see much price movement, as XRP managed to stay in the green on Saturday, with the current session seeing only a marginal increase. We can see that the Parabolic SAR and MACD have both flipped to bearish, which could indicate that the price could drop.
Image: XRP/USD 4-hour
The 4-hour Ripple price chart indicates that XRP had surged to $1.27 on the 8th, pushing above the 20-bar SMA. The price fell after reaching this level, as it dropped to $1.22, where the 20-bar SMA was acting as support. As a result, the price pushed up to $1.32 before dropping drastically to $1.19, slipping below the 20 and 50-bar SMAs. After a slight recovery, the price dropped further as it settled at $1.17, before recovering and rising to its current level of $1.19. We can see that the Parabolic SAR is currently bearish, and while the MACD has flipped to bullish if the price drops, we could see it flip back to bearish.
Ripple Price Is Expected To Reach These Levels
Looking at the Ripple price chart, we can see that XRP has been fairly static over the weekend, with the current session seeing marginal movement. If buyers manage to control the session, we could see XRP push past $1.20. However, if sellers take control, then the price could drop towards $1.15.