Ripple Price Analysis: XRP Continues To Drop, Slips To $0.74

Daily Ripple Price Prediction

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Last Updated January 12th 2022
3 Min Read
  • The Ripple price continued to drop, falling by nearly 2% on Monday. 
  • The current session sees buyers and sellers struggling to take control, with the price marginally up. 

The Ripple price has pushed up marginally during the ongoing session, as it looks to push back to $0.75. XRP has been quite bearish lately and had dropped by over 2% on Friday, falling to $0.76. The price continued to drop on Saturday, falling by 2.33%, before recovering on Sunday and ending the weekend at $0.75. On Monday, the price fell back in the red, dropping by 1.71%, dropping to $0.74 before recovering during the current session. 

Ripple Price Chart Shows Buyers And Sellers Struggling To Control Current Session 

The Ripple price started the previous week on a bearish note, dropping by over 3% on Monday and settling at $0.83. The price continued to drop on Tuesday, falling by 1.15% and then registering a significant drop of over 6% on Wednesday and falling to $0.77. Despite the bearish sentiment, XRP was able to register a marginal increase on Thursday, rising by 1.05%.

Image: XRP/USD daily

Image: XRP/USD daily chart 011222

After registering a marginal increase on Thursday, the Ripple price fell back in the red on Friday, dropping by 2.12% and settling at $0.76. Saturday saw XRP continue to drop, falling by 2.33% to $0.74. However, the price recovered on Sunday, rising by 0.98% and moving back to $0.75, but fell back into the red on Monday, falling by 1.71% and settling at $0.73. The current session sees XRP marginally up as buyers and sellers look to establish control.

We can see that the MACD is currently bearish, indicating that the price could drop further.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 011222

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed up to $0.78 on the 6th. However, the price could not stay at this level and fell back to $0.74 on the 7th. The price made a strong recovery from this level, rising to $0.77, where the 20-bar SMA was acting as resistance. As a result, the price fell back, dropping to $0.72 on the 8th. XRP pushed up from this level, rising to $0.75, and then moved past the 20-bar SMA on the 9th when it rose to $0.76. However, XRP was unable to stay at this level and fell back, dropping to $0.75 and slipping back below the 20-bar SMA. The price continued to fall from this level, dropping to $0.72, before rising and moving to its current level of $0.73.

We can see that the MACD is currently bullish, but if the price continues to drop, we could see it flip to bearish.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we can see that XRP has dropped even lower, falling to $0.73 at the time of writing. If the current sentiment persists, we could see XRP drop to $0.70.