- The Ripple price is up by over 1% during the ongoing session, as buyers look to push the price higher.
- XRP had been quite bearish during the middle of the week and had dropped to $0.76 on Friday.
The Ripple price is currently up over 1% during the ongoing session, as buyers look to push the price up above $0.85. XRP was quite bearish during the week, dropping by nearly 5% on Thursday and then falling by over 7% on Friday, dropping to $0.76. However, XRP made a strong recovery on Friday, rising by nearly 9%, rising to $0.83, and then pushing up further during the ongoing session.
Ripple Price Chart Indicates XRP Could Push Above $0.85
The Ripple price had started the previous weekend on a bullish note, rising by over 7% on Friday, pushing above the 20-day SMA and moving to $0.65. The weekend saw XRP remain bullish, rising by 1.56% on Saturday and then by nearly 3% on Sunday to end the weekend at $0.68. Monday saw XRP surge by nearly 22%, surging past the 50-day SMA and moving to $0.83, and then pushing up by over 5% on Tuesday, moving to $0.87.
Image: XRP/USD daily
After reaching $0.87 on Tuesday, the Ripple price fell back, registering a marginal drop on Wednesday, before dropping by 4.63% on Thursday and falling to $0.82. XRP continued to drop on Friday, falling by 7.47% and falling to $0.76. XRP made a strong recovery on Saturday, rising by 8.52%, moving to $0.83, before pushing up to $0.84.
We can see that the MACD is currently bullish, indicating that we could see the price push higher.
Image: XRP/USD 4-hour
Looking at the 4-hour Ripple price chart, we can see that XRP had surged to $0.89 on the 8th. The price fell back after reaching this level, falling to $0.81, and then making a strong recovery and rising to $0.89 on the 9th. XRP fell back from this level, as the price dropped to $0.86 and then dropped below the 20-bar SMA, falling to $0.76 on the 12th. At this level, the 50-bar SMA was acting as support, and XRP made a strong recovery, rising to $0.83 and pushing back above the 20-bar SMA, and rising to its current level of $0.84.
We can see that the Parabolic SAR is currently bullish, indicating that the price could push higher. If XRP continues to go higher, we could see the MACD also flip to bullish.
Ripple Price Is Expected To Reach These Levels
Looking at the Ripple price chart, we see that XRP has been relatively bullish over the past couple of sessions. If the current sentiment persists, we could see XRP push above $0.85.