Ripple Technical Analysis: XRP Slips Below $1 After Bearish Weekend 

Daily Ripple Price Analysis

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Last Updated November 29th 2021
2 Min Read
  • The Ripple price saw a significant fall on Friday, falling by almost 10% and slipping below $1 
  • XRP has been quite bearish over the weekend and is currently down to $0.90 

The Ripple price endured an extremely bearish weekend, with the price going below $1. XRP had ended Thursday on a slightly positive note, but the price fell significantly on Friday, falling by almost 10% and settling at $0.94 after slipping below the 200-day SMA. The price only marginally recovered on Saturday before falling back on Sunday. Currently, the price is down to $0.90, with sellers looking to push the price further down. 

Ripple Price Chart Indicates XRP Could Settle At $0.90 

The Ripple price started the previous weekend on a positive note, registering an increase of 0.69%. However, the price fell back on Sunday by 3.65% and ended the weekend at $1.05. XRP continued to drop on Monday, falling to $1.03 after a fall of over 2%, but recovered on Tuesday, as buyers pushed up the price by almost 3%, with XRP moving up to $1.06. However, XRP fell back on Wednesday, dropping by 3.14% and settling at $1.03.

Image: XRP/USD daily

XRP/USD daily chart 112921

After falling to $1.03 on Wednesday, The Ripple price registered a marginal recovery on Thursday, rising by 1.04%. However, Friday saw a significant price drop, as XRP fell by almost 10%, slipping below the 200-day SMA and the $1 mark to settle at $0.94. The price could only push up marginally on Saturday before dropping again on Sunday, with the price currently between $0.90 and $0.91.

We can see that the Parabolic SAR is currently bearish. However, if XRP recovers from its current level, we could see it flip to bullish.

Image: XRP/USD 4-hour

XRP/USD 4-hour chart 112921

Looking at the 4-hour Ripple price chart, we can see that XRP had dropped to $1.03 on the 22nd, slipping below the 20-bar SMA. The price pushed up from this level, rising to $1.05, but with the 20-bar SMA acting as resistance, it fell back to $1.03. XRP pushed up to $1.06 on the 24th, pushing above the 20-bar SMA, but with the 50-bar SMA coming into play as resistance, it dropped back $1.01, back below the 20-bar SMA. XRP then pushed up to $1.05 but fell back, thanks to the 50-bar SMA, slipping back below the 20-bar SMA and settling at $0.93. XRP made a marginal recovery from this level but fell back to its current level of $0.91.

We can see that the MACD is currently bearish; however, if the price continues to push up, we could see it flip to bullish.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we can see that XRP has fallen significantly over the weekend. However, with support at $0.90, we could see the price recover and push towards $0.95.