Ripple Price Analysis: XRP Recovers, Pushes Back Above $0.60

Daily Ripple XRP Price Prediction

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Last Updated February 2nd 2022
3 Min Read
  • The Ripple price pushed up to $0.62 during the ongoing session, as XRP continued its positive start to the week. 
  • XRP had ended the weekend in the red, registering a fall of over 2% and dropping to $0.60. 

The Ripple price is up by nearly 1% during the ongoing session, as buyers look to push XRP towards $0.65 after a fairly strong start to the week. XRP haad registered a marginal increase on Friday, rising by 0.30%. The weekend saw XRP continue to push higher on Saturday, as it rose by 1.01% and moved to $0.61. However, the price fell back in the red on Sunday, dropping by 2.49% and ending the weekend on a bearish note. Monday saw XRP back in the green, as it registered a relatively strong increase of nearly 3% before moving to $0.62 during the ongoing session. 

Ripple Price Chart Indicates XRP Could Push To $0.65 

The Ripple price started the previous weekend on a bearish note, dropping by over 11% on Friday and then dropping over 6% on Saturday, falling to $0.59. Despite the bearish sentiment, XRP registered a strong recovery on Sunday, rising by over 5% and ending the weekend at $0.62. However, Monday saw XRP back in the red, dropping by nearly 3%, before recovering on Tuesday, registering a marginal increase of 0.87%. XRP managed to stay in the green on Wednesday as well, registering a marginal increase of 0.24%.

Image: XRP/USD daily

Image: XRP/USD daily chart 020222

The Ripple price fell back in the red on Thursday, falling by 1.57% and dropping to $0.60. However, the price recovered on Friday, rising by 0.30% and then pushing up by 1.01% on Saturday and settling at $0.61. However, XRP was back in the red on Sunday, dropping by 2.49% and ending the weekend at $0.60. Despite ending the weekend in the red, XRP started the week on a positive note, rising by 2.61% on Monday and then pushing up to $0.62 during the ongoing session.

We can see that the MACD has just flipped to bullish, indicating that we could see the price push higher.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 020222

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed above the 20-bar SMA on the 25th when it rose to $0.61. XRP continued to move higher from this level, as it rose to $0.63. XRP fell back after reaching this level, slipping back below the 20-bar SMA and falling to $0.59 on the 27th. The price rose to $0.61 from this point but failed to move past the 20-bar SMA, falling back to $0.59 on the 28th. XRP made a strong recovery from this level, as it moved past the 20 and 50-bar SMAs, and moved to $0.62. However, the price fell back after reaching this level, falling below the 20 and 50-bar SMAs and dropping to $0.58 on the 31st. XRP made a strong recovery from this level, as the price pushed back above the two SMAs and moved to its current level of $0.62.

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 made a fairly strong start to the current week. If the current sentiment persists, we could see XRP push to $0.65.