Ripple Technical Analysis: Can XRP Stay Above $0.75?

Daily Ripple Price Analysis

By
Last Updated January 10th 2022
3 Min Read
  • The Ripple price has registered a slight recovery during the ongoing session. 
  • XRP had been quite bearish during the week and had registered a drop of over 6% on Wednesday. 

The Ripple price has been quite bearish during the week, although it has moved back above $0.75 during the ongoing session. XRP had registered a sharp drop on Wednesday but managed to recover on Thursday, rising by 1.05% to $0.77. The price fell back in the red on Friday, falling to $0.76, before dropping by 2.33% on Saturday took the rice down to $0.74. However, XRP is up during the current session, with XRP up by nearly 1.50%. 

Ripple Price Chart Indicates Buyers Looking To Push XRP Beyond $0.75. 

The Ripple price was quite bullish during the previous weekend, registering an increase of nearly 3% on Saturday and rising to $0.85. The price continued to increase on Sunday, ending the weekend on a positive note after rising by 1.01%. However, XRP fell back in the red, starting the week on a bearish note and dropping by over 3% to $0.83. The price continued to drop on Tuesday, falling by 1.15% to $0.82. Wednesday saw XRP drop below $0.80, as the price registered a fall of over 6% and fell to $0.77.

Image: XRP/USD daily

Image: XRP/USD daily chart 011022

After dropping to $0.077 on Wednesday, XRP registered a marginal recovery on Thursday, rising by 1.05% and moving to $0.77. However, the price fell back in the red on Friday, dropping by 2.12% and settling at $0.76. XRP continued to drop over the weekend, as it fell by 2.33% on Saturday, dropping to $0.74. However, the current session has seen a slight recovery, as buyers returned to the market and pushed the price to $0.75.

The MACD is currently bearish, but if the price is able to recover, we could see it flip to bullish.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 011022

The 4-hour Ripple price chart shows us that XRP had registered a sharp drop on the 5th, dropping to $0.79. The price continued to drop from this level, falling to $0.74 on the 6th. The price stayed at this level for a couple of sessions before rising to $0.78. However, the price could not stay at this level and fell back, dropping back to $0.74. XRP pushed up gradually from this level, rising to $0.77, where the 20-bar SMA came into play as resistance. As a result, the price fell back from this level, dropping to $0.72 and then rising to its current level of $0.75.

We can see that the MACD has flipped to bullish, indicating the price could push higher. If the price continues to push higher, we could see the Parabolic SAR also flip to bullish.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price analysis, we can see that XRP has recovered during the current session. If buyers can retain the session, we could see XRP push above $0.75.