Ripple Price Prediction: XRP Faces Strong Resistance At $1 

Daily Ripple Technical Analysis

Last Updated December 24th 2021
2 Min Read
  • The Ripple price continued to push up during the ongoing session, with XRP currently up by 2.50%. 
  • XRP has been highly bullish during the current week and had surged by nearly 8% on Tuesday. 

The Ripple price continued to push higher during the ongoing session, with the price currently up by over 2%. XRP has been quite bullish during the current week, rising by over 5% on Monday, pushing above the 20-day SMA, and settling at $0.87. On Tuesday, the price continued to push higher, rising by nearly 8% and settling at $0.94. XRP went above the 200-day SMA on Wednesday, as it moved to $0.95 on Wednesday before pushing up to $0.97 during the current session. 

Ripple Price Chart Indicates XRP Could Push To $1 

The Ripple price started the previous week on a highly bearish note, falling by nearly 7% on Monday. XRP recovered on Tuesday, rising by 3.68% and settling at $0.81. Wednesday saw the price continue to push up, rising by nearly 2% and settling at $0.82. The price fell back on Thursday, dropping by over 2% and settling at $0.80, before slipping below $0.80 on Friday to $0.79. Despite the bearish session, XRP pushed back up on Saturday, rising by nearly 4% and settling at $0.82.

Image: XRP/USD daily

XRP/USD daily chart 122421

The Ripple price continued to push up on Sunday, rising by 0.99%, ending the weekend on a positive note. Monday saw the bullish sentiment continue, as XRP pushed above the 20-day SMA and settled at$0.87, registering an increase of over 5%. XRP saw an even more significant rise on Tuesday, as XRP rose by nearly 8%, settling at $0.94, before pushing above the 200-day SMA on Wednesday and settling at $0.95. The current session sees XRP at $0.97, and with the Parabolic SAR currently bullish, we could see the price push further during the ongoing session.

Image: XRP/USD 4-hour

XRP/USD 4-hour chart 122421

Looking at the 4-hour price chart, we can see that XRP had pushed above the 20 and 50-bar SMAs on the 18th, rising to $0.82. XRP was able to stay at this level for the subsequent few sessions before surging to $0.90 on the 20th. However, the price fell back from this level, dropping to $0.83, where the 20-bar SMA acted as support. The price pushed back up from this level, surging above the 200-bar SMA and settling at $0.97. The price continued to push up from this level, rising to $1, before dropping to its current level of $0.97.

We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could continue to push higher.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has been extremely bullish during the current week. If the current sentiment persists, we could see XRP push to $1.