Ripple Price Analysis: XRP Fails To Push To $1, Drops To $0.90

Daily Ripple Price Prediction

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Last Updated December 27th 2021
3 Min Read
  • The Ripple price registered a sharp drop on Friday, falling by over 8%. 
  • The current session sees XRP at $0.91, with sellers in control. 

The Ripple price is back in the red during the ongoing session, with the price currently down by over 1%. XRP was facing strong resistance at $1 and had pushed up to $0.99 on Thursday. However, the price fell back significantly on Friday, falling by over 8%, slipping below the 200-day SMA, and settling at $0.91. XRP recovered on Saturday, rising by 1.60%, but fell back into the red during the current session. 

Ripple Price Chart Indicates XRP Could Drop Below To $0.90 

The Ripple price entered the previous weekend on a fairly bearish note, dropping by 0.96% on Friday. The weekend saw XRP recover by nearly 4% on Saturday and then by 0.99% on Sunday to settle at $0.83. The price continued to push up on Monday, as it went above the 20-day SMA and settled at $0.87. Tuesday saw another significant increase, with XRP rising by nearly 8% and settling at $0.94 before an increase of 0.73% took XRP above the 200-day SMA to $0.95 on Wednesday.

Image: XRP/USD daily

XRP/USD daily chart 122721

After rising to $0.95 on Wednesday, the Ripple price pushed up by 4.18% on Thursday and settled at $0.99. At this point, the 50-day SMA was acting as resistance, and XRP dropped by over 8% on Friday, slipping back below the 200-day SMA and settling at $0.91. Saturday saw XRP post a marginal recovery, rising by 1.60%, before dropping back in the red during the current session.

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

Image: XRP/USD 4-hour

XRP/USD 4-hour chart 122721

Looking at the 4-hour Ripple price chart, we can see that XRP had dropped to $0.83 on the 20th. At this level, the 20-bar SMA was acting as support, and XRP pushed up significantly, going above the 200-bar SMA on the 21st and rising to $0.97. The price was able to stay at this level for the subsequent few sessions before rising to $1 on the 23rd. The price fell from this level and dropped below the 20-bar SMA on the 24th, and fell to $0.91 on the 25th. With the 200-bar SMA acting as support at this level, XRP could stay at this level and is currently still at $0.91.

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

 

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has dropped during the current session. If the price continues to fall, we could see XRP drop to $0.90.