Ripple Price Prediction: XRP Looks To Push Above 50-Day SMA

Daily Ripple XRP Technical Analysis

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Last Updated March 1st 2022
3 Min Read
  • The Ripple price is marginally up during the ongoing session, as buyers look to push XRP Towards $0.75. 
  • XRP had a relatively bearish weekend that saw the price drop to $0.72 on Sunday. 

The Ripple price is marginally up during the ongoing session, as XRP looks to move past the 50-day SMA. XRP had registered a marginal increase on Thursday after a highly volatile session. The price surged by nearly 11% on Friday, pushing above the 50-day SMA and settling at $0.77. The price fell back in the red over the weekend, dropping by 2.44% on Saturday and then by nearly 4% on Sunday to end the weekend at $0.72 before registering a marginal increase during the ongoing session. 

Ripple Price Chart Indicates Buyers And Sellers Looking To Establish Control 

The Ripple price started the previous weekend on a positive note, rising by nearly 5% on Saturday. However, the price fell back on Sunday by 5.50% and settled at $0.77. Monday saw XRP continue to drop, falling by nearly 10%, slipping below the 20 and 50-day SMAs, and dropping to $0.70. Despite the bearish sentiment, XRP was able to recover on Tuesday, pushing up by 2.72% to $0.72, but could not move past the 50-day SMA, and fell back on Wednesday, dropping by 3.52%, settling at $0.69.

Image: XRP/USD daily

Image: XRP/USD daily chart 0230122

The Ripple price continued to remain bearish on Thursday, registering a marginal drop on Thursday after a highly volatile session. Friday saw XRP surge, as the price pushed up by nearly 11%, moving above the 50-day SMA and settling at $0.77. However, the price fell back over the weekend, dropping by 2.44% on Saturday and then by nearly 4% on Sunday, slipping below the 50-day SMA and settling at $0.77.

We can see that the MACD is currently bearish, indicating that we could see the price drop. However, if buyers can push the price up, we could see it flip to bullish.

More On Ripple: Ripple (XRP) Price Prediction

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 0230122

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed up to $0.73 on the 23rd, pushing above the 200-bar SMA. At this level, the 20-bar SMA was acting as resistance, and the price fell back, dropping back below the 200-bar SMA and settling at $0.63. XRP made a strong recovery after dropping to this point, rising above the 20-bar SMA on the 25th when it rose to $0.72. The price continued to push higher from this level, pushing above the 200 and 50-bar SMAs and surging to $0.77 on the 26th. However, after reaching this level, XRP turned bearish, dropping to $0.73 and going below the 50-bar SMA. After a marginal recovery, XRP fell back again, slipping below all three SMAs and dropping to its current level of $0.72.

We can see that the Parabolic SAR and MACD are currently bearish, indicating that we could see the price drop. However, if XRP is able to recover and push towards $0.75, we could see them flip to bullish.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we can see that XRP has been quite bearish over the weekend, with buyers and sellers struggling to take control of the ongoing session. If buyers can take control of the session, XRP could push above the 50-day SMA towards $0.75. However, if bearish sentiment pushes the price down, XRP could drop towards $0.70.

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