Ripple Price Analysis: XRP Looks To Push Above $0.90

Daily Ripple Price Prediction

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Last Updated December 22nd 2021
3 Min Read
  • The Ripple price registered a significant increase on Monday, pushing above the 20-day SMA and settling at $0.87. 
  • The current session has also started positively, with CRP looking to move to $0.90 

The Ripple price has started the current session on a reasonably positive note and is currently up by over 1%. XRP has been quite bullish over the weekend and had pushed up by almost 4% on Saturday, rising to $0.82. The price continued to push up on Sunday and settled at $0.83 after rising by 0.99%. The current week started with the bullish sentiment persisting as XRP rose by over 5%, pushing above the 20-day SMA and settling at $0.87. 

Ripple Price Chart Indicates XRP Could Push To $0.90 

The Ripple price started the previous weekend on a reasonably bullish note, with the price rising by almost 5% on Saturday and moving to $0.83. The price continued to push higher on Sunday, as it registered a marginal increase and settled at $0.84. However, the price fell back in the red on Monday, as it dropped by almost 7% and settled at $0.78. Despite the bearish start to the week, the price recovered on Tuesday, rising by nearly 4% and settling at $0.81. The price continued to push higher on Wednesday and rose to $0.82 after registering an increase of $0.82.

Image: XRP/USD daily

Image: XRP/USD daily chart 122221

After rising to $0.82 on Wednesday, the Ripple price fell back on Thursday, as the price dropped by 2.53% and settled at $0.80. Friday saw the price drop further, with a fall of 1.04%, seeing XRP drop to $0.79. The weekend saw XRP recover, as the price rose by 3.72% on Saturday and then by 0.99% on Sunday to end the weekend at $0.83. The price continued to push higher on Monday, pushing above the 20-day SMA, and settled at $0.87, an increase of over 5%. The current session sees XRP at $0.89, with buyers looking to push the price further.

We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could push higher.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 122221

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed up to $0.82 on the 16th, pushing above the 20-bar SMA. However, at this level, the 50-bar SMA was acting as resistance, and XRP was unable to push past this level and instead fell to $0.80 and then to $0.79 on the 18th, slipping below the 20-bar SMA. The price made a strong recovery from this level, as it pushed above the 20 and 50-bar SMAs and settled at $0.82. The price was able to stay at this level for the subsequent few sessions before surging to $0.90 on the 20th. XRP could not stay at this level and fell back drastically, falling to $0.83, before rising to its current level of $0.89.

We can see that the Parabolic SAR and MACD are both currently bullish, indicating that we could see the price push higher.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has been extremely bullish since the weekend. If the current sentiment persists, we could see XRP push to $0.90.