Ripple Price Prediction: XRP Continues To Drop, Falls To $0.82

Daily Ripple XRP Technical Analysis

By
Last Updated February 18th 2022
3 Min Read
  • The Ripple price is down by just over 1% during the ongoing session, as XRP remained bearish. 
  • XRP has been relatively bearish during the week but had registered a sharp increase on Tuesday, rising by over 6%. 

The Ripple price remained in the red during the ongoing session, as sellers pushed the price down further. XRP had started the week in the red, registering a marginal drop on Monday, before making a strong recovery on Tuesday, rising by over 6% and pushing up to $0.85. On Wednesday, the price was back in the red, falling by almost 2% and then dropping to $0.82 during the ongoing session. 

Ripple Price Chart Indicates Sellers Looking To Push XRP To $0.80 

The Ripple price started the previous week on an extremely bullish note, surging by over 21% on Monday, pushing above the 50-bar SMA and moving to $0.83. On Tuesday, the price continued to push higher, rising to $0.87, before dropping back on Wednesday and falling to $0.86 after registering a marginal drop. XRP continued to fall on Thursday, falling to $0.82, and then reported a drop of over 7%, falling to $0.76 on Friday.

Image: XRP/USD daily

Image: XRP/USD daily chart 021822

The weekend saw the Ripple price register a strong increase on Saturday, rising by 8.52%, before dropping on Sunday and ending the weekend at $0.80. Monday saw XRP remain in the red, registering a marginal drop and then registering a strong increase on Tuesday, rising by over 6% and moving to $0.85. However, the price fell back in the red on Wednesday, dropping by 1.68% and then falling to $0.81 during the ongoing session.

We can see that the Parabolic SAR is bearish, indicating that we could see the price drop further.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 021822

The 4-hour Ripple price chart shows us that XRP had dropped to $0.86 on the 10th. XRP continued to drop from this level, falling below the 20-bar SMA to $0.82, then $0.76 on the 12th, where the 50-bar SMA acted as support. As a result, XRP recovered, rising to $0.83 and then pushing past the 20-bar SMA, rising to $0.84. XRP turned bearish after reaching this level, falling back below the 20 and 50-bar SMAs and falling to $0.78 on the 14th, before pushing back above the two SMAs and rising to $0.85. XRP turned bearish after reaching this level, dropping back below the 20 and 50-bar SMAs and falling to its current level of $0.81.

We can see that the MACD has flipped to bearish, indicating that we could see the price drop further.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has dropped considerably during the ongoing session. If the current bearish sentiment persists, we could see XRP drop to $0.80 or below.

Read More: Is Ripple a Good Investment?