Ripple Price Prediction: XRP Has Bullish Session After Five Bearish Session

Daily Ripple XRP Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Ripple price shows increasing bearish market momentum.
  • The parabolic SAR has flipped from positive to negative.
  • Prior to this Tuesday, the Ripple price dropped from $1.83 to $1.30 between April 14 to April 19. This followed a bullish surge wherein XRP jumped from $0.573 on April 4 to $1.83 in a 10 day period. 

    Ripple Price Bounces Up From The $1.30 Support

    Following five straight bearish days, the buyers managed to eke out an advantage and take the Ripple price up to $1.34. However, the chart is still flashing two sell signals:

    • The parabolic SAR has flipped from positive to negative.
    • The MACD shows increasing bearish market momentum.

    Image: XRP/USD daily

    xrp/usd daily chart 042121

    When we look at the Ripple price chart in the 4-hour time frame, we can see that XRP flashed the morning star pattern and jumped up and found resistance at the 20-bar SMA. The parabolic SAR in this timeframe has reversed from positive to negative.

    Image: XRP/USD 4-hour

    xrp/usd 4-hour chart 042121

    Ripple Price Is Expected To Reach These Levels

    The buyers need to bounce the Ripple price up to the $1.56 resistance barrier.

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