Ripple Price Analysis: XRP Drops On Tuesday, Fails To Move Past $0.85

Daily Ripple Price Prediction

Last Updated December 9th 2021
3 Min Read
  • The Ripple price failed to push to $0.85 on Tuesday, as the price registered a drop of 1.35%. 
  • The current session sees XRP up by 1.25%, with the price moving to $0.82. 

The Ripple price has pushed up during the ongoing session, as buyers pushed the price to its current level of $0.82. XRP had fallen drastically over the weekend, as the price dropped by over 8% on Saturday. XRP continued to drop on Sunday, as the price fell to $0.80 after registering a drop of almost 5%. The price pushed up on Monday, as XRP rose by 2.68%, rising to $0.82. However, XRP was back in the red on Tuesday, falling by 1.35% and dropping to $0.81. 

Ripple Price Chart Indicates Buyers And Sellers Looking To Control Ongoing Session. 

The Ripple price started the previous week on a bullish note, as the price pushed above the 200-day SMA on Monday, rising to $0.99. Tuesday saw the price push up marginally, but it failed to move to $1, as sellers drove the price down on Wednesday, with XRP falling by 0.91%. XRP continued to drop on Thursday, with the price falling to $0.97 after a fall of 1.79%. The bearish sentiment intensified on Friday, as sellers drove the price below the 200-day SMA to $0.97, registering a fall of over 5%.

Image: XRP/USD daily chart 120921

Image: XRP/USD daily

After dropping by over 5% on Friday, the Ripple price continued to be bearish over the weekend, falling over 8% on Saturday, settling at $0.84. Sunday saw the price drop further, as sellers pushed the price down to $0.80. However, XRP recovered after reaching this level, rising by 2.68% and moving up to $0.82. However, the price fell back on Tuesday, falling by 1.35%. The current session sees XRP down marginally, as the price fell to $0.81.

We can see that the Parabolic SAR is currently bearish, indicating that we could see the price drop further.

Image: XRP/USD 4-hour chart 120921

Image: XRP/USD 4-hour

The 4-hour Ripple price chart shows us that XRP had pushed up to $1.01 on the 1st, pushing above the 50-bar SMA. However, the price fell back on the 2nd, as it slipped below the 20 and 50-bar SMAs to $0.96. With the 50-bar SMA now acting as resistance at this level, the price could not push beyond this level and fell back to $0.75 on the 4th after registering a significant fall. The price pushed up from this level, as it rose to $0.84 but fell back to $0.77. XRP pushed up significantly from this level, as it moved above the 20-bar SMA and settled at its current level of $0.81.

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

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP had made a strong recovery on Monday before falling back on Tuesday. The current session sees buyers and sellers struggling for control. If buyers take the session, XRP could move to $0.85. However, if sellers retake the session, the price could drop to $0.80.