Ripple Price Analysis: XRP Withdraws From $1 Mark

1 Min Read
Last Updated April 7th 2021
  • Ripple price dropped to $0.78 before recovering.
  • The MACD shows increasing bullish market momentum.

On March 25, the Ripple price found support at the 50-day SMA and was valued at around $0.48. Since then, XRP had been trending relatively horizontally, before the buyers took charge of the price this Monday, taking Ripple up to $0.92


Ripple Price Retreats From Key Level

This Tuesday, the Ripple price continued to stake under bullish control and rose up to $0.98. XRP reached an intraday high of $1.116 before retracting to current levels. It even corrected and went down to $0.78, and back inside the Bollinger band before it went back up.

Image: XRP/USD daily

Looking at the 4-hour Ripple price chart, we can see that XRP flashed a sell signal in this timeframe with a green-nine candlestick. However, the MACD and the subsequent price actions tells us that the buyers are still in control.

Image: XRP/USD 4-hour

Ripple Price Is Expected To Reach These Levels

Ripple price will likely attempt to hit the $1 mark again before it drops down.

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