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.

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.

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.