Ripple Price Analysis: XRP Falls Towards The $0.45 Support Wall

Last Updated July 23rd 2021
2 Min Read

Daily Ripple XRP Price Forecast
  • The parabolic SAR has flip-flopped between bullish and bearish.
  • MACD in the 4-hour Ripple price chart shows increasing bearish momentum.

The Ripple price has dropped considerably under heavy bearish pressure, falling from $0.565 to $0.464, losing nearly $0.1 in its overall valuation. Let’s take a closer look with technical analysis.

 

Ripple Price Falls Below 20-day SMA

The Ripple price has managed to flip the 20-day SMA from support to resistance. The 50-day SMA has managed to stop any further downflow. Similarly, the 20-day SMA has prevented the bulls from taking the price any higher. The parabolic SAR briefly went bullish before reverting to bearish.

xrp/usd daily chart 022521
Image: XRP/USD daily

The MACD in the 4-hour Ripple price chart shows increasing bearish momentum. As such a further price drop is expected.

xrp/usd 4-hour chart 022521

Image: XRP/USD 4-hour

 

Ripple Price Is Expected To Reach These Levels

The Ripple price will likely drop below the $0.45 support line.

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