Ripple Price Prediction: XRP Bulls Retrace From The $0.48 Level

Last Updated July 23rd 2021
1 Min Read

Daily Ripple XRP Technical Analysis
  • Ripple price has been trending relatively horizontally over the last six days.
  • The Bollinger band suggests an upcoming rise in volatility.

Between 14 February and 26 February, the Ripple price dropped from $0.635 to $0.43. Following this drop, the price action for XRP has been pretty uninspiring as it trended horizontally for a bit around $0.44.

Ripple Price Volatility On The Rise?

The Ripple price tried to reach the $0.50 level today, but the buyers lost out of momentum at the $0.48 level and have since retraced to $0.46. The Bollinger Band had started expanding, which indicates that XRP is likely going to go through a period of higher volatility.

xrp/usd daily chart 030421

Image: XRP/USD daily

Now, is this volatility going to be positive or negative? Well, the MACD in the 4-hour Ripple price chart tells us that the volatility is likely going to be positive.

xrp/usd 4-hour chart 030421

Image: XRP/USD 4-hour

Ripple Price Is Expected To Reach These Levels

The Ripple price will likely gain bullish momentum and at the 20-bar SMA in the 4-hour chart which coincides with the $0.48 line. Upon conquering this line, XRP will reach the $0.50.

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