- The Ripple price is marginally down during the ongoing session, as sellers look to push the price further down.
- XRP had been quite bullish in recent sessions and had pushed up to $0.87 on Tuesday.
The Ripple price registered another marginal drop as buyers and sellers struggled to take control of the ongoing session. XRP had started the week on an extremely bullish note, surging by nearly 22%, pushing above the 50-day SMA, and settling at $0.83. Tuesday saw XRP remain bullish, as the price rose to $0.87 before registering a marginal drop on Wednesday and dropping to $0.086.
Ripple Price Chart Indicates XRP Could Drop Below $0.85
The Ripple price started the previous week fairly, rising by nearly 3% and pushing to $0.61. XRP continued to push higher on Tuesday, rising by 1.70% but fell back on Wednesday as the price dropped by over 4% and fell to $0.60. The price recovered on Thursday, rising by 1.46%, before pushing up by nearly 8% on Friday, going above the 20-day SMA and settling at $0.65.
Image: XRP/USD daily
The weekend saw the Ripple price remain bullish, as it rose 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 increase, as the price pushed up by nearly 22%, surging past the 50-day SMA and rising to $0.83 before another increase on Tuesday saw the price push up to $0.87. The price fell back on Wednesday, dropping by 0.87% before registering another marginal drop during the current session.
We can see that the MACD is currently bullish, indicating that we could see the price recover from its current level.
Image: XRP/USD 4-hour
Looking at the 4-hour Ripple price chart, we can see that XRP had pushed up to $0.62 on the 4th. The price continued to move higher from this level, rising to $0.67 on the 5th. The price fell back from this level, dropping to $0.66, before making an extremely strong recovery, surging past the 200-bar SMA and rising to $0.89 on the 8th. The price fell back after reaching this level, falling to $0.82, before recovering and rising to its current level of $0.87.
We can see that the MACD and Parabolic SAR have both flipped to 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 can see that buyers and sellers are struggling to take control of the current session. If buyers control the session, we could see XRP push to $0.90. However, if sellers control the session, we could see the price drop to $0.85.