Ripple Technical Analysis: XRP Registers Marginal Drop After Rising To $0.77

Daily Ripple Price Analysis

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Last Updated January 13th 2022
3 Min Read
  • The Ripple price pushed up to $0.77 on Tuesday, rising by over 4%. 
  • The current session sees XRP marginally down as buyers and sellers look to take control of the market. 

The Ripple price has registered a marginal fall during the ongoing session, pushing XRP down to $0.76. XRP had registered a drop of 2.33%, getting off to a bearish start over the weekend. However, the price recovered on Sunday, rising by 0.98% and settling at $0.75. XRP fell back in the red on Monday, falling by 1.71% and settling at $0.73, before pushing up over 4% on Tuesday, and settling at $0.77. 

Ripple Price Chart Indicates Buyers And Sellers Struggling To Take Control  

The Ripple price started the previous week on a bearish note, dropping by 3.15% and settling at $0.83. The price continued to drop on Tuesday, as XRP dropped by 1.14%, and then registered a significant drop of over 6% on Wednesday, dropping to $0.77. XRP could recover on Thursday despite the bearish sentiment, rising by 1.01% and settling at $0.78. However, the price was back in the red on Friday, dropping by 2.15% and settling at $0.76.

Image: XRP/USD daily

Image: XRP/USD daily chart 011322

After dropping to $0.76 on Friday, the Ripple price continued to drop on Saturday, falling to $0.74 after a fall of 2.33%. XRP was able to register a marginal recovery on Sunday, rising by 0.98% and settling at $0.75. However, XRP was back in the red on Monday, falling by 1.71%, before recovering and rising by 4.11% to $0.77 on Tuesday. The current session sees buyers and sellers struggling to take control of the session, with the price at $0.76.

We can see that the MACD is currently bearish, indicating that we could see a further price drop.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 011322

Looking at the 4-hour Ripple price chart, we can see that XRP had pushed up to $0.77 on the 8th. At this price level, the 20-bar SMA was acting as resistance, and the price fell back, dropping to $0.72. The price was able to register a strong recovery from this level, rising to $0.75 and then pushing above the 20-bar SMA and moving to $0.76 on the 9th. However, XRP could not stay at this level, and the price fell back, slipping back below the 20-bar SMA and settling at $0.72. XRP registered a significant increase from this level, pushing up to $0.74 and then pushing above the 20-bar SMA on the 11th, moving to its current level of $0.76.

We can see that the MACD and Parabolic SAR are both 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 buyers and sellers struggle to control the current session. If sellers retake the session, we could see XRP drop to $0.75. However, if buyers retake the session, XRP could push back to $0.77.