Ripple Price Prediction: XRP Surges Past $0.70

Daily Ripple XRP Technical Anlaysis

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Last Updated February 8th 2022
2 Min Read
  • The Ripple price has surged by nearly 6% during the ongoing session, pushing past $0.70. 
  • XRP has been quite bullish in recent sessions and had surged by nearly 8% on Friday. 

The Ripple price continued to push higher as buyers pushed XRP considerably during the ongoing session, pushing the price past $0.70. XRP had risen above the 20-day SMA on Friday, pushing up to $0.65. The weekend saw XRP remain bullish as the price pushed up by 1.56% on Saturday and then rose by nearly 3% on Sunday to end the weekend at $0.68 before pushing up considerably during the ongoing session.

Ripple Price Chart Indicates XRP Could Push To $0.75 

The Ripple price was quite positive over the previous weekend, registering a marginal increase on Friday. The price continued to push higher on Saturday, rising to $0.61 before dropping back on Sunday and ending the weekend at $0.60. The price recovered on Monday, rising by 2.61%, and then rose by nearly 2% on Tuesday, rising to $0.62. However, the price fell back on Wednesday, dropping by over 4% and settling at $0.60.

Image: XRP/USD daily

Image: XRP/USD daily chart 020822

The Ripple price registered a recovery on Thursday, rising by 1.46% and then surging by nearly 8% on Friday, pushing above the 20-day SMA and settling at $0.65. The weekend saw XRP continue to push higher, rising by 1.56% on Saturday and then by nearly 3% on Sunday to end the weekend at $0.68. The current session sees XRP at $0.72, as buyers look to push the price towards $0.75.

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 020822

Looking at the 4-hour Ripple price chart, we see that XRP had pushed up to $0.62 on the 1st. XRP was able to stay at this level for the subsequent few sessions but fell back on the 2nd, dropping to $0.61, slipping below the 20 and 50-bar SMAs. The price continued to drop from this level, falling to $0.59 on the 3rd. XRP recovered from this level, pushing up to $0.61, and then surged past the 20 and 50-bar SMAs, rising to $0.66. XRP fell back marginally from this level before recovering, surging past the 200-bar SMA and rising to its current level of $0.72.

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

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 has surged by nearly 6% during the ongoing session. If the current sentiment persists, we could see XRP push to $0.75.