- The Ripple price is down by nearly 4% during the current session, as it slipped below $0.80.
- XRP has had a fairly bearish week and had registered a sharp drop of over 8% on Thursday.
The Ripple price slipped below the $0.80 level as sellers forced XRP down considerably during the ongoing session. XRP had registered a sharp drop of over 8% on Thursday, dropping to $0.76 before making a recovery on Friday and rising to $0.78. Saturday saw XRP continue to push higher, as it registered an increase of almost 5%, moving to $0.82, before dropping back during the current session.
Ripple Price Chart Indicates XRP Could Drop To 20-Day SMA Before Recovering
The Ripple price started the previous weekend in the red, dropping by almost 5% on Friday. However, XRP made a strong recovery on Saturday, rising by 8.52%, before dropping back on Sunday and ending the weekend at $0.80. XRP remained in the red on Monday, registering a marginal drop before recovering on Tuesday, rising over 6% and moving to $0.85, before dropping by almost 2% on Wednesday and settling at $0.83.
Image: XRP/USD daily
The Ripple price remained in the red on Thursday, falling by over 8%, dropping to $0.76, before recovering on Friday, rising by over 2.09% and settling at $0.78. Saturday saw XRP remain in the green, as the price pushed up by almost 5%, rising to $0.82, before dropping back during the current session, with the price presently at $0.079.
We can see that the MACD is bullish, but if the price continues to drop, we could see it flip to bearish.
Check Out: Pros and Cons of Investing in Ripple (XRP)
Image: XRP/USD 4-hour
The 4-hour Ripple price chart shows us that XRP had pushed up to $0.82 on the 15th. The price continued to push higher from this level, pushing above the 50-bar SMA and rising to $0.85. XRP fell back from this level, falling back below the 50-bar SMA to $0.81, before recovering and rising to $0.83. XRP turned bearish from this point, dropping back below the 20 and 50-bar SMAs to $0.76 on the 18th, then rising to $0.79 before falling to $0.76. XRP made a strong recovery from this level, rising to $0.79 but could not push past the 20-bar SMA, falling back to $0.77. XRP made a strong recovery from this point, surging past the 20 and 50-bar SMAs and moving to $0.83 before dropping back below the two SMAs to its current level of $0.79.
We can see that MACD and Parabolic SAR are bullish, but if the price continues to drop, we could see them flip to bearish.
Ripple Price Is Expected To Reach These Levels
Looking at the Ripple price chart, we see that XRP has dropped off during the current sentiment. If the current sentiment persists, we can see the price drop to $0.75.