Ripple Price Prediction: XRP Pushes Back Above $0.80

Daily Ripple XRP Technical Anlaysis

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Last Updated February 16th 2022
3 Min Read
  • The Ripple price is up by over 2% during the ongoing session, as buyers pushed the price higher. 
  • XRP had been quite bearish during the previous week and had dropped by over 7% on Friday. 

The Ripple price is back in bullish territory as the price picked up by over 2%, pushing back above the $0.80 level during the ongoing session. XRP had ended the weekend on a bearish note, dropping by over 3% on Sunday and settling at $0.83. The price continued to drop on Monday, registering a marginal drop, before recovering on Tuesday and rising to its current level of $0.82. 

Ripple Price Chart Indicates XRP Could Push Towards $0.85 

The Ripple price started the previous weekend on a positive note, rising by 1.56% on Saturday and then by nearly 3% on Sunday to end the weekend at $0.68. Monday saw XRP register a considerable surge, as the price rose by almost 22%, surging past the 50–day SMA and moving to $0.83. The bullish sentiment persisted on Tuesday, rising by 5.47% and moving to $0.87. Despite the bullish sentiment, XRP fell back on Wednesday, registering a marginal drop before falling by nearly 5% on Thursday and settling at $0.82.

Image: XRP/USD daily

Image: XRP/USD daily chart 021622

The Ripple price continued to remain in the red on Friday, as it dropped by over 7% and fell to $0.76. The weekend saw XRP make a strong recovery, as the price surged by over 8% and rose to $0.83 on Saturday. However, XRP fell back on Sunday, dropping by over 3% and ending the weekend at $0.80. On Monday, the price continued to drop, registering a marginal drop before recovering during the ongoing session.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 021622

The 4-hour Ripple price chart shows us that XRP had dropped to $0.81 on the 8th before recovering and rising to $0.89. XRP fell back after reaching this level, falling below the 20-bar SMA and dropping to $0.82 and then to $0.76 on the 12th. At this level, the 50-bar SMA acted as support, and XRP recovered, rising to $0.84 and pushing back above the 20-bar SMA. However, XRP turned bearish again and fell below the 20 and 50-bar SMAs, falling to $0.78 before recovering, pushing above the 20-bar SMA and moving to its current level of $0.82.

We can see that the Parabolic SAR is bearish, but if the price continues to push higher, we could see it flip to bullish.

Ripple Price Is Expected To Reach These Levels

The Ripple price chart shows us that XRP has pushed up considerably during the ongoing session. If the current sentiment persists, we could see XRP push towards $0.85. However, if sellers take control of the session, we could see it drop to $0.80.