TimesTabloid 2025-04-20 08:24:04

XRP Price Forecast For April 20, 2025

On the weekly timeframe, XRP is consolidating within a well-defined bull flag, a classic continuation pattern following its explosive rally above $3.50. This downward-sloping channel has contained price action since late 2023, offering healthy retracement after the steep climb. The flag’s lower boundary, near $1.20, has consistently acted as dynamic support, while resistance remains around the upper trendline. Bollinger Bands are gradually tightening, signaling declining volatility and the likelihood of a breakout. Despite the current bearish candle, a strong wick rejection from the lower trendline suggests bullish pressure is mounting beneath the surface. Falling Wedge Hints at Reversal The daily chart reveals a bullish falling wedge, a pattern characterized by converging trendlines that slope downward. This setup typically precedes a trend reversal , especially when it appears during a broader consolidation phase like the weekly bull flag. XRP is currently trading just below the upper boundary of the wedge, with resistance at $2.23 and support near $1.87. Price has been steadily compressing within this structure, and the Bollinger Bands show a notable squeeze—often a precursor to an explosive move. A daily candle close above the wedge could validate the breakout and trigger the next rally phase. Coiling Price Action Near Resistance On the 4-hour chart, XRP has recently rebounded from the lower wedge support and is now consolidating below immediate resistance around $2.08–$2.15. The price action is compressing into a tight range, often a sign that a breakout is near. The MACD shows a bullish crossover, with the MACD line now moving above the signal line and the histogram printing positive bars. Although trading volume remains subdued, the technical posture suggests bulls are gaining control. A surge in volume alongside a clean break above $2.15 could catalyze a quick rally toward $2.50. Momentum Shifting Bullish Technical indicators across all timeframes support a bullish thesis. The Bollinger Bands on the daily and 4-hour charts are extremely tight, indicating that volatility is about to expand. On the daily chart, price is nearing the middle band (20 SMA), which if reclaimed, could flip market sentiment in favor of buyers. The MACD on the daily timeframe is still slightly negative but flattening, while the 4-hour MACD has already turned positive. This multi-timeframe MACD setup often precedes broader momentum reversals. These indicators, in conjunction with the patterns, suggest that XRP is approaching a pivotal move. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Bull Flag and Falling Wedge Suggest Upside The two primary technical patterns—weekly bull flag and daily falling wedge—both suggest a continuation of the prior bullish trend. The flag reflects long-term consolidation after a strong upward move, while the falling wedge signals waning bearish momentum and potential breakout. This dual-pattern setup creates a high-probability scenario for an upward move. Structural alignment across timeframes adds weight to this outlook, making any breakout above the $2.23 zone particularly significant. Price Forecast For Today XRP trades around $2.08, with clearly defined resistance at $2.23 and support at $1.87. The tightening wedge, bullish MACD cross on the 4-hour, and squeezed Bollinger Bands all suggest a breakout is imminent. If XRP breaks above the $2.15–$2.23 resistance zone with volume confirmation, it could quickly rally toward $2.50 or even $2.80. Conversely, failure to reclaim this level may result in a brief pullback to the $1.90 region. For today, the expected trading range is $2.00 to $2.30, with a bullish tilt favored by both pattern structure and momentum indicators. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Price Forecast For April 20, 2025 appeared first on Times Tabloid .