Ripple Price Prediction: Sellers Drive XRP Below $0.90

Daily Ripple Technical Analysis

Last Updated December 29th 2021
3 Min Read
  • The Ripple price has registered a sharp drop during the ongoing session, dropping below $0.90. 
  • XRP had registered a significant drop on Friday as well, dropping by over 8%. 

The Ripple price has fallen back during the ongoing session, with the price down by nearly 4% at the time of writing. XRP had registered an even more significant drop on Friday, falling by over 8% and settling at $0.91. The weekend saw XRP recover, rising by 1.60% on Saturday and settling at $0.92, before dropping back on Sunday and registering a marginal drop. Monday saw a marginal recovery before XRP fell back during the ongoing session. 

Ripple Price Chart Indicates Price Could Drop Towards 20-Day SMA. 

The Ripple price was extremely bullish during the previous week and had started the previous weekend on a fairly bullish note, rising by nearly 4% on Saturday. On Sunday, the price continued to push up as XRP ended the weekend at $0.83. The price continued to push up on Monday, rising by over 5%, moving above the 20-day SMA, and settling at $0.87. Tuesday saw XRP register and an even more significant increase, as it rose by nearly 8% and settled at $0.94 before a marginal increase on Wednesday took the price above the 200-day SMA to $0.95.

Image: XRP/USD daily

Image: XRP/USD daily chart 122921

The Ripple price continued to push up on Thursday, as it rose to $0.99 after registering an increase of over 4%. At this level, the 50-day SMA was acting as resistance, and XRP fell back significantly on Friday, slipping below the 200-day SMA and falling to $0.91, dropping by over 8%. Saturday saw XRP recover, but it fell back in the red on Sunday, dropping to $0.92, before registering another marginal increase on Monday. The current session sees XRP down to $0.88, with sellers looking to push the price further to $0.86.

While the Parabolic SAR is currently bullish, if the price continues to drop, we could see it flip to bearish.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 122921

The 4-hour Ripple price chart shows us that XRP had surged past the 200-bar SMA on the 21st, rising to $0.92. The price continued to push up from this level, rising to $0.97 and then to $1.01 on the 23rd. The price fell back from this level and dropped below the 20-bar SMA, falling to $0.91 on the 25th. XRP pushed up marginally from this level, rising to $0.92 before dropping to $0.90. Here, the 50-bar SMA was acting as support, and the price pushed up to $0.93 before dropping back below the 20 and 50-bar SMAs to its current level of $0.88.

We can see that the MACD and Parabolic SAR are both 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 fallen significantly during the ongoing session. If the current sentiment persists, the price could drop towards $0.85.