Ripple Price Prediction: XRP Remains Bullish, Surges Thanks To Positive Developments Around Court Case

Daily Ripple XRP Technical Anlaysis

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Last Updated February 9th 2022
3 Min Read
  • The Ripple price is up by over 5% during the current session, as it looks to push to $0.90. 
  • XRP has made an extremely strong start to the week, surging by almost 21% on Monday. 

The Ripple price looks set to push to $0.90 as the price surged after favorable developments for XRP in the case in the SEC. XRP was quite bullish over the weekend after it had pushed up to $0.66 on Friday. The price continued to push higher on Saturday, registering an increase of 1.56% and then rising by nearly 3% on Sunday to end the weekend at $0.68. Monday saw XRP surge by nearly 22% as the price rose to $0.83, with XRP currently at $0.88 during the ongoing session. 

Ripple Price Chart Indicates XRP Could Push To $0.90 

The Ripple price started the previous weekend by registering a marginal increase on Saturday. The price fell back on Sunday, as XRP fell by 2.51% and ended the weekend at $0.60. Monday saw XRP register a fairly strong recovery, rising by 2.61% and moving to $0.61 before another increase on Tuesday pushed the price to $0.62. However, XRP fell back on Wednesday, dropping over 4% and settling at $0.60 before recovering on Thursday and rising to $0.61.

Image: XRP/USD daily

Image: XRP/USD daily chart 020922

The Ripple price continued to push higher on Friday, rising by over 7% and moving to $0.65. XRP continued to push higher from this level, going past the 20-day SMA on Saturday and then rising by 2.60% on Sunday to end the weekend at $0.68. The current week started with a spectacular surge for XRP as it rose by nearly 22%, going past the 50-day SMA and settling at $0.83. The current session sees XRP at $0.87, as buyers look to push the price higher.

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 020922

Looking at the 4-hour Chainlink price chart, we see that XRP was at $0.62 on the 2nd. The price fell back from this level, dropping below the 20 and 50-bar SMAs and falling to $0.59 on the 3rd. With the 20 and 50-bar SMAs now acting as resistance, XRP could not move past this level until the 4th, when the price pushed back above the SMAs and moved to $0.62. XRP continued to push higher from this level, rising to $0.67 and then dropping back to $0.66 on the 6th. XRP surged from this level, going past the 200-bar SMA and surging to its current level of $0.87.

We can see that the price has pushed above the neutral zone, indicating that we could see a correction in the price.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has been extremely bullish in recent sessions and registered a spectacular surge on Monday. If the current sentiment persists, we could see XRP push to $0.90. However, if the price drops, XRP could fall to $0.80, with the RSI indicating that the price is above the neutral zone.