- The Ripple price failed to get to $1 as the price dropped to $0.98 during the ongoing session.
- XRP had been quite bearish over the previous week and had dropped by almost 10% on Friday.
The Ripple price is currently down to $0.98 during the ongoing session, as sellers retook control. XRP had dropped sharply on Friday, as the price had dropped by 9.85% to $0.94. The weekend saw XRP recover, registering an increase of 0.56% on Saturday and then pushing up by 2.53% on Sunday to end the weekend at $0.96. The week started with the bullish sentiment persisting, as XRP pushed above the 200-day SMA and settled at $0.99 before dropping during the current session.
Ripple Price Chart Indicates XRP Could Drop To 200-Day SMA.
The Ripple price started the previous weekend slightly, rising by 0.69% on Saturday, before dropping and settling at $1.05 on Sunday. The bearish sentiment continued on Monday, with XRP dropping by over 2% and settling at $1.03. However, the price recovered on Tuesday, pushing to 41.06, but fell back on Wednesday as sellers pushed the price down by over 3% to $1.03. Despite the bearish sentiment, XRP was able to post an increase of 1.04% on Thursday.
Image: XRP/USD daily
After pushing up to $1.04 on Thursday, the Ripple price registered a significant drop on Friday, falling by almost 10%, slipping below the 200-day SMA and settling at $0.94. Despite the significant drop on Friday, XRP increased by 0.56% on Saturday and 2.53% on Sunday to end the weekend at $0.96. The week started positively, as XRP pushed back above the 200-day SMA on Monday and settled at $0.99. However, the price fell back on Tuesday and is currently down to $0.97.
We can see that the Parabolic SAR is currently bearish, indicating that we could see the price drop further.
Image: XRP/USD 4-hour
Looking at the 4-hour Ripple price chart, we can see that XRP had dropped to $1.03 on the 22nd. The price pushed to $1.06 on the 24th, pushing past the 20-bar SMA, but with the 50-bar SMA acting as resistance, dropped to $1.01. The price pushed up again from this level, rising to $1.05 on the 25th, but turned bearish from this level and fell to $0.93, slipping below the 20-bar SMA and $1. XRP was able to push up marginally from this level but fell back to $0.90 on the 28th before pushing above the 20-bar SMA and settling at $0.99 on the 29th. XRP rose to $0.99 but could not move past the 50-bar SMA and dropped to its current level of $0.97.
We can see that the MACD is currently bullish; however, if the price continues to drop, we could see it flip to bearish.
Ripple Price Is Expected To Reach These Levels
The Ripple price chart shows us that XRP had recovered strongly during the previous session but had dropped back on Tuesday and is currently down at $0.97. If the current sentiment persists, we could see XRP slip below the 200-day SMA. However, if the price recovers, we could see it push towards $1.