- As buyers return to the market, the Ripple price is currently up by nearly 3%.
- XRP had been incredibly bearish during recent sessions but has managed to stay in the green over the past couple of sessions.
The Ripple price pushed up to $0.063 during the ongoing session, as it managed to register an increase of nearly 3% and rise during the ongoing session. XRP had ended the weekend on a fairly positive note, ending Sunday at $0.62 after registering an increase of over 5%. However, the price fell back in the red on Monday, falling to $0.61, before recovering on Tuesday and registering a marginal increase of 0.87%.
Ripple Price chart Indicates XRP Could Push To $0.65
The Ripple price was extremely bearish during the previous week, starting with a drop of over 2% on Monday when XRP fell to $0.76. The price remained bearish on Tuesday and Wednesday as well, dropping by 1.46% and 1.76%, respectively. Thursday saw another drop, as XRP fell by 2.47% and settled at $0.71. The bearish sentiment intensified on Friday, as the price dropped by over 11% and settled at $0.63.
Image: XRP/USD daily
The weekend started with the Ripple price firmly in the red on Saturday, as XRP dropped by over 6% and settled at $0.59. Despite the overwhelmingly bearish sentiment, XRP was able to register a recovery on Sunday, rising by 5.39% and ending the weekend at $0.62. XRP fell back in the red on Monday, dropping to $0.61, before recovering and registering a marginal increase on Tuesday, rising by 0.87%. The current session sees XRP at $0.63, as buyers look to push the price to $0.65.
We can see that the MACD is currently bullish, but if XRP continues to push higher, we could see it flip to bullish.
Image: XRP/USD 4-hour
Looking at the 4-hour Ripple price chart, we can see that XRP had pushed above the 20-bar SMA on the 20th, rising to $0.76. The price could not stay at this level and fell back significantly, dropping below the 20-bar SMA and settling at $0.69. XRP continued to drop from this level, falling to $0.057 on the 22nd, before recovering and rising to $0.61. XRP fell back marginally from this level before rising back to $0.62 on the 24th. However, with the 20-bar SMA acting as resistance at this level, the price fell back, dropping to $0.56 before pushing back to $0.61 and then moving past the 20-bar SMA to its current level of $0.63.
We can see that the Parabolic SAR and MACD have both flipped to 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 can see that XRP has made a fairly significant recovery over the past couple of sessions. If the current sentiment persists, we could see XRP push to $0.65.