Ripple Technical Analysis: XRP Surges, Looks To Push To $1

Daily Ripple Price Analysis

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Last Updated December 23rd 2021
3 Min Read
  • The Ripple price shot up by over 7% on Tuesday. 
  • The current session sees XRP up by over 1%, as it moved above the 200-day SMA. 

The Ripple price continued to increase as XRP continued its bullish streak, with XRP up to $0.95 during the current session. XRP has been bullish since the weekend, rising by almost 4% on Saturday and 0.99% on Sunday to end the weekend at $0.83. On Monday, the price continued to push higher, moving above the 20-day SMA and settling at $0.87. Tuesday saw another significant increase, as TRX moved up by over 7% and settled at $0.94. 

Ripple Price Chart Indicates Buyers Looking To Push XRP To $1 

The Ripple price got off to a strong start to the previous weekend, rising by 4.72% on Saturday. Sunday saw XRP remain in the green, registering a marginal increase, before dropping by almost 7% on Monday and settling at $0.78. On Tuesday, the price recovered, rising by almost 4% and settling at $0.81, before another increase on Wednesday took XRP to $0.82. Despite the bullish sentiment, TRX fell back on Thursday by 2.53% and settling at $0.80, before another drop on Friday took the price down to $0.79.

Image: XRP/USD daily

Image: XRP/USD daily chart 122321

After dropping to $0.79 on Friday, the Ripple price made a strong recovery over the weekend, rising by almost 4% on Saturday and then by 0.99% on Sunday to end the weekend at $0.83. The price continued to push higher on Monday, registering an increase of over 5%, moving above the 200-day SMA and settling at $0.87. Tuesday saw the bullish sentiment continue, as TRX rose by almost 8%, rising to $0.94. The current session sees XRP above the 200-day SMA at $0.95, with the Parabolic SAR also bullish, indicating that we could see the price continue to increase.

Image: XRP/USD 4-hour

Image: XRP/USD 4-hour chart 122321

Looking at the 4-hour Ripple price chart, we can see that TRX had pushed up to $0.83 on the 16th. At this level, the 50-bar SMA was acting as resistance, and the price dropped back below the 20-bar SMA, falling to $0.79 on the 18th. XRP pushed up significantly from this level, rising back above the 20 and 50-bar SMAs and settling at $0,82. XRP was able to stay at this level for the subsequent few sessions, thanks to the 20 and 50-bar SMAs acting as support. The price then surged to $0.90 on the 20th before dropping to $0.83. From this level, the price surged $0.92, pushing above the 200-day SMA, before moving to its current level of $0.95.

We can see that the Parabolic SAR and MACD are both bullish, indicating that the price could continue to rise.

Ripple Price Is Expected To Reach These Levels

Looking at the Ripple price chart, we see that XRP has been highly bullish during the current week. If the bullish sentiment persists, we could see XRP push towards $1.