- The Ripple price is back in the green and is up by almost 2% during the ongoing session.
- XRP had been relatively bearish in recent sessions and registered a drop of 5.50% on Sunday.
The Ripple price recovered during the ongoing session, with the 20-day SMA acting as support and XRP back up to $0.79. XRP had started the weekend on a fairly positive note, rising by 2.09% on Friday and then rising by almost 5% on Saturday, moving to $0.82. However, the price fell back on Sunday, as XRP dropped by 5.50%, falling to $0.77, before recovering during the ongoing session.
Ripple Price Chart Indicates XRP Could Push Above $0.80
The Ripple price started the previous weekend by registering a sharp drop of over 7% on Friday, falling to $0.76. Saturday saw XRP register a strong recovery, as it pushed up by nearly 9%, rising to $0.83, before dropping back on Sunday and falling to $0.80. Monday saw XRP continue to drop, as XRP registered a marginal drop before making a strong recovery on Tuesday, rising by over 6% and moving to $0.85. However, Wednesday saw XRP back in the red, as the price dropped by 1.68%, falling to $0.83.
Image: XRP/USD daily
The bearish sentiment persisted on Thursday, as XRP fell by over 8%, dropping to $0.76. XRP was able to make a recovery on Friday despite the bearish sentiment, rising by over 2% and then pushing up to $0.82 on Saturday. However, XRP fell back in the red on Sunday, dropping by 5.50% to end the weekend at $0.77 before recovering during the ongoing session.
We can see that the MACD has just flipped to bearish, indicating we could see the price drop. However, if XRP can recover, we could see it flip to bullish.
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Image: XRP/USD 4-hour
The 4-hour Ripple price chart shows us that XRP had pushed up to $0.85 on the 16th. The price fell back from this level, dropping below the 50-bar SMA and dropping to $0.81. With the 50-bar SMA acting as resistance, XRP could not move past this level and fell back significantly, falling below the 20-bar SMA and dropping to $0.76 on the 18th. The price recovered from this level, rising to $0.79 before dropping back to $0.76. XRP made a strong recovery from this level, rising to $0.79 before dropping to $0.77 on the 19th. XRP surged from this level, storming past the 20 and 50-bar SMAs and rising to $0.83. The price fell back from this level, slipping back below the 20 and 50-bar SMAs and falling to $0.77, then moving to its current level of 0.79.
We can see that the Parabolic SAR is currently 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 made a fairly strong recovery during the ongoing session. If buyers can retain the session, we could see XRP push past $0.80. However, if the price drops, we could see it drop to $0.77.