Ripple Price Prediction: Sellers Look To Push XRP Back Below $0.80

Daily Ripple Technical Analysis

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Last Updated December 16th 2021
3 Min Read
  • The Ripple price has registered a marginal drop during the ongoing session. 
  • XRP was quite positive on Tuesday when it rose by 3.68% and settled at $0.81 

The Ripple price is currently at $0.81, with sellers looking to take the price back to $0.80. XRP had ended the weekend in the green, with the price at $0.84. However, Monday saw the price drop drastically, falling by almost 7% and settling at $0.78. However, the price pushed back up on Tuesday, as it rose to $0.81 after rising by 3.68%. The current session sees buyers and sellers struggling for control, with the price currently up to $0.81. 

Ripple Price Chart Indicates Buyers And Sellers Struggling For Control  

The Ripple price started the previous week on a fairly positive note, rising by 2.68% on Monday. However, the price fell back on Tuesday, dropping by 1.35% and settling at $0.81. Wednesday saw a significant increase, as the price rose by almost 6% and settled at $0.86. However, despite the strong session, the price fell back on Wednesday, falling by 0.41%. Friday saw the price drop further, as XRP fell by almost 7% and settled at $0.79.

Image: XRP/USD daily chart 121621

Image: XRP/USD daily

After dropping to $0.79 on Friday, the Ripple price made a strong recovery over the weekend, rising by almost 5% on Saturday and then pushing up marginally on Sunday to settle at $0.84. Despite the bullish weekend, the price fell back on Monday, dropping by almost 7% and settling at $0.78. XRP recovered on Tuesday, rising by 3.68% and moving to $0.81.

The current session sees the price at $0.82, and with the Parabolic SAR bearish, we could see the price push higher.

Image: XRP/USD 4-hour chart 121621

Image: XRP/USD 4-hour

The 4-hour Ripple price chart shows us that XRP had risen to $0.90 on the 9th. The price could not stay at this level and dropped back significantly, slipping below the 20 and 50-bar SMAs to $0.79 on the 11th. XRP pushed up to $0.83 but could not move past the 20 and 50-bar SMAs until the 12th when the price rose to $0.85. However, the price fell back from this level, slipping below the two SMAs and settling at $0.77 on the 13th. XRP pushed up to $0.81 but could not move past the 20-bar SMA and dropped back to $0.77 before rising to its current level of $0.81.

We can see that the Parabolic SAR and MACD have both flipped to 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 can see that XRP has pushed up significantly over the past couple of days. If the current sentiment persists, we could see XRP push up to $0.85.