PowerShell script to ping a Url with retries and timeouts

ping.ps1

param
(
    [string] $Url,
	[int] $MaxRetries = 3,
	[int] $OneRetryTimeout = 5,
	[int] $OverallTimeout = 60,
	[int] $WaitBetweenRetries = 1
)

if ([System.String]::IsNullOrWhiteSpace($Url))
{ 
    throw "Parameter 'Url' cannot be empty"
}

$Success = $false
$RetriesLeft = $MaxRetries
$TimeLeft = [timespan]::fromseconds($OverallTimeout)

do
{
    Write-Host "Pinging url - $Url"

    $StopWatch = [Diagnostics.Stopwatch]::StartNew()
    try
    {
        $Response = Invoke-WebRequest $Url -UseBasicParsing -TimeoutSec $OneRetryTimeout
		

        $StatusCode = $Response.StatusDescription
        $StatusCodeInt = $Response.StatusCode
    
        $StatusText = "Ping returned status $StatusCode ($StatusCodeInt)"
        
        $ExceptionOccurred = $false
    } 
    catch 
    {
        if ($_.Exception.Response.StatusCode)
        {
            $StatusCode = $_.Exception.Response.StatusCode
            $StatusCodeInt = $StatusCode.value__
    
            $StatusText = "Ping returned status $StatusCode ($StatusCodeInt)"
        }
        else
        {
            $StatusText = $_.Exception.Message
        }
        $ExceptionOccurred = $true
    }
    $StopWatch.Stop()


    Write-Host $StatusText
    Write-Host 'Time elapsed' $StopWatch.Elapsed
	$TimeLeft-=$StopWatch.Elapsed

    $Success = (($StatusCodeInt -eq 200) -and -not($ExceptionOccurred))
    $RetriesLeft--
	
	Start-Sleep $WaitBetweenRetries
	$TimeLeft-=[timespan]::fromseconds($WaitBetweenRetries)
}
while (($Success -eq $false) -and ($RetriesLeft -ge 0) -and ($TimeLeft -ge 0))

if ($Success) 
{ 
    Write-Host "Ping OK!" -ForegroundColor Green
}
else 
{
    throw "Ping failed: '$Url'"
}

Is there a way to use this with an IP address instead of a URL?