- The Ripple price has fallen back during the ongoing session, as the price dropped to $0.82.
- XRP was quite positive over the weekend, registering an increase of almost 5% on Saturday.
The Ripple price managed to stay above $0.80, even though the price has registered a marginal drop during the ongoing session. XRP was quite bearish heading into the weekend, as the price dropped by almost 7% on Friday and settled at $0.79. However, XRP saw a strong recovery on Saturday, as it rose by 4.88% and settled at $0.83. The price remained in the green on Sunday, registering a marginal increase before dropping during the ongoing session.
Ripple Price Chart Indicates Sellers Looking To Push XRP To $0.80
Thanks to the market crash, the Ripple price was quite bearish over the previous weekend, as prices dropped. XRP registered a sharp fall of over 8% on Saturday, with the price dropping to $0.84. Sunday saw XRP continue to drop as the price fell to $0.80. However, the price recovered on Monday, with XRP pushing up by 2.68%. However, the price fell back on Tuesday, dropping by 1.35% and settling at $0.81. XRP recovered on Wednesday, as the price pushed up by almost 6% and settled at $0.86.
Image: XRP/USD daily
After rising to $0.86 on Wednesday, the Ripple price fell back on Thursday, registering a marginal drop of 0.41%. The price continued to drop on Friday, falling by almost 7% and settling at $0.79. However, the weekend saw another recovery as the price rose by almost 5%, settling at $0.83. XRP was able to stay in the green on Sunday as well, registering a marginal increase, but fell back during the ongoing session, with the price down to $0.82.
We can see that the Parabolic SAR is currently bullish; however, if the price continues to drop, we could see it flip to bearish.
Image: XRP/USD 4-hour
Looking at the 4-hour Ripple price chart, we can see that XRP had pushed above the 20-bar SMA on the 7th when the price rose to $0.82. XRP pushed up to $0.83 but then fell back to $0.80 on the 8th. The price recovered from this level, rising to $0.87, but with the 50-bar SMA acting as resistance, it could not move past this level until the 9th, when XRP to $0.90. However, after reaching this level, the price turned bearish and fell back to $0.79, slipping below the 20 and 50-bar SMAs. The price pushed up to $0.83 but could not move past the 50-bar SMA until the 12th when it rose to $0.85 before dropping to its current level of $0.82.
We can see that the Parabolic SAR and MACD are still bullish, but we could see them flip to bearish if the price drops.
Ripple Price Is Expected To Reach These Levels
Looking at the Ripple price chart, we see that XRP has dropped during the ongoing session. If the current sentiment persists, we could see XRP drop to $0.80.