Ripple Price Prediction: Buyers Look To Push XRP To $0.85

Daily Ripple Technical Analysis

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Last Updated December 8th 2021
3 Min Read
  • The Ripple price rose by 2.68% on Monday as the price recovered marginally after the market crash. 
  • The current session sees buyers and sellers looking to control the session, with $0.82.

The Ripple price is looking to push up to $0.85 as it tries to recoup the losses made over the weekend. XRP had slipped below the 200-day SMA on Friday, dropping to $0.92. Saturday saw the price drop by over 8%, as XRP slipped below $0.90 and settled at $0.84. Sunday saw more of the same, as XRP dropped to $0.80. However, the price pushed up on Monday, as it rose by over 2% and settled at $0.82. 

Ripple Price Chart Shows Buyers And Sellers Struggling For Control 

The Ripple price started the previous week positively, pushing above the 200-day SMA on Monday and settling at $0.99. XRP pushed further on Tuesday, as the price rose by 0.88% but fell back on Wednesday, registering a drop of 0.91%. The bearish sentiment persisted on Thursday, as the price dropped by 1.79% and settled at $0.97. XRP continued to drop on Friday as it slipped below the 200-day SMA, falling to $0.92.

Image: XRP/USD daily chart 120821

Image: XRP/USD daily

After slipping below the 200-day SMA on Friday, the Ripple price dropped further on Saturday, as XRP tumbled by over 8%, falling to $0.84. The bearish sentiment persisted on Sunday, as the price dropped to $0.80 after dropping by almost 5%. Despite the bearish sentiment, the price picked up on Monday as XRP started the week on a bullish note, rising by 2.68%. The current session sees buyers and sellers struggling for control, with the price currently at $0.82. We can see that the Parabolic SAR is currently bearish, indicating that the price could drop. However, if the price pushes up, we could see it flip to bullish.

Image: XRP/USD 4-hour chart 120821

Image: XRP/USD 4-hour

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed above the 50-bar SMA on the 1st when the price reached $1.01. XRP could stay at this level for the next few sessions but slipped below the 20 and 50-bar SMAs on the 2nd when the price slipped to $0.96. With the 50-bar SMA now acting as resistance, XRP dropped significantly on the 3rd and dropped to $0.75. XRP pushed back up from this level, rising to $0.83 before dropping to $0.79. XRP pushed back up from this level, moving above the 20-bar SMA and settling at its current level of $0.82.

We can see that the MACD has flipped to bullish, indicating that the price could push higher from this level.

Ripple Price Is Expected To Reach These Levels

The Ripple price chart shows us that XRP had pushed up on Monday, starting the week on a positive note; The current session sees buyers and sellers struggling for control. If buyers take control, we could see the price push up to $0.85; however, if sellers retain control, the price could drop to $0.80.