- The Ripple price had registered a marginal increase on Saturday.
- The current session sees buyers and sellers looking to take control, with XRP currently at $0.78.
The Ripple price is looking to push above the 20-day SMA and push to $0.80 as buyers struggle to take control of the ongoing session. XRP had registered a sharp drop on Thursday, as the price dropped to $0.76 after a fall of nearly 4%. However, Friday saw the price recover, as it rose by 0.66% to $0.77. Saturday registered yet another marginal increase, with XRP rising by 0.80%. The current session sees XRP move between $0.77 and $0.78, with buyers and sellers vying to establish control.
Ripple Price Chart Indicates 20-Day SMA Acting As Resistance
The Ripple price started the previous weekend on a fairly bearish note, as the price dropped by 2.15% on Friday, falling to $0.76. The price continued to drop on Saturday, dropping by 2.33%, before recovering on Sunday and settling at $0.75. On Monday, the price fell back in the red, dropping to $0.73, but made a strong recovery on Tuesday, rising over 4% and moving to $0.77. XRP continued to push higher on Wednesday, registering an increase of 3.69% and settling at $0.79.
Image: XRP/USD daily
After pushing to $0,79, the Ripple price was unable to push to $0.80, as sellers forced the price down significantly on Thursday. XRP registered a drop of nearly 4% on Thursday, as it fell to $0.76. The price was back in the green on Friday, rising by 0.66%, and then by 0.80% on Saturday to settle at $0.77. The current session sees XRP presently at $0.78, as it registers a marginal increase.
We can see that the MACD has flipped to bullish, indicating that we could see the price push higher.
Image: XRP/USD 4-hour
The 4-hour Ripple price chart shows us that XRP had pushed to $0.77 on the 12th. At this level, the 50-bar SMA was acting as resistance, and the price fell back to $0.76. However, XRP made a strong recovery from this level, surging past the 50-bar SMA and settling at $0.79 on the 13th. However, the price fell back drastically from this level, dropping to $0.76, where the 20-bar SMA acted as support. As a result, the price pushed up to $0.78 but fell back again, dropping below the 20 and 50-bar SMAs to $0.75 on the 14th. The price pushed back above the 20-bar SMA from this level, rising to $0.77, and then pushing past the 50-bar SMA on the 15th, rising to $0.78, which is where the price currently is.
We can see that the Parabolic SAR is currently bullish, indicating that we could see the price push higher. However, we can also see that the MACD has flipped to bearish.
Ripple Price Is Expected To Reach These Levels
Looking at the Ripple price chart, we see that the current session is witnessing significant back and forth between buyers and sellers. If buyers can take control of the session, we could see XRP push to $0.80. However, if sellers retake the session, the price could drop to $0.75.