Ripple Price Prediction: XRP makes Strong Recovery Over Weekend, Looks To Move Past $1

Daily Ripple Technical Analysis

Last Updated November 30th 2021
3 Min Read
  • The Ripple price pushed up significantly over the weekend, as it looks to move back above $1.
  • The current session sees XRP up by over 2%, with buyers in control. 

The Ripple price is currently back up to $0.99, as buyers look to push it again above the $1 mark. After rising to $1.04 on Thursday, XRP fell sharply on Friday, as sellers pushed the price down by almost 10%, slipping below the 200-day SMA and settling at $0.94. However, after reaching this level, the price recovered over the weekend, rising by 0.56% on Saturday and 2.53% on Sunday to end the weekend at $0.96. 

Ripple Price Chart Indicates XRP Could Push Above $1 

The Ripple price started the previous weekend with a slight increase of 0.69% on Saturday. Sunday saw the price fall back, as it dropped by almost 4%, dropping to $1.05. The price continued to drop on Monday, slipping to $1.03 after registering a drop of over 2%. XRP recovered on Tuesday, as buyers pushed it up by almost 3% to $1.06. However, the price fell back into the red on Wednesday, as it fell by 3.14% to $1.03.

Image: XRP/USD daily chart 113021

Image: XRP/USD daily

After dropping on Wednesday, the Ripple price recovered on Thursday, rising to $1.04. However, the recovery was short-lived, as it dropped by almost 10% on Friday, slipping below the 200-day SMA and the $1 level to settle at $0.94. XRP recovered over the weekend despite the bearish sentiment, as the price pushed up marginally on Saturday. Sunday saw a bigger increase, with XRP rising by 2.53% and settling at $0.96. XRP pushed up further on Monday, moving above the 200-day SMA, and is currently at $0.98, with buyers looking to push the price higher.

We can see that the Parabolic SAR is currently bearish; however, if the price continues to push up, we could see it flip to bullish.

Image: XRP/USD 4-hour chart 113021

Image: XRP/USD 4-hour

The 4-hour Ripple price chart shows us that XRP had dropped to $1.03 on the 22nd, slipping below the 20-bar SMA. The price pushed up to $1.05 before dropping back to $1.03. From this level, the price pushed up to $1.06, moving above the 20-bar SMA on the 24th. However, with the 50-bar SMA coming into play as resistance, the price dropped to $1.01 before pushing up to $1.05, moving back above the 20-bar SMA. However, XRP could not get past the 50-bar SMA again and fell to $0.93, slipping below the 20-bar SMA and the $1 price level. XRP pushed up marginally from this level, before dropping to $0.90, before recovering and rising to its current level of $0.98.

We can see that the MACD has flipped to bullish, which means we could see the price push up higher.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has made a strong recovery over the weekend. If the current sentiment persists, we could see XRP push above the $1 mark.