XRP Prediction April 19: BB Squeeze Builds Energy, Bulls Target $2.24 Next
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- XRP is consolidating inside a symmetrical triangle, with a major breakout likely above $2.24 or below $1.87.
- Hashkey has launched the HashKey XRP Tracker Fund, the first product focused on XRP in Asia.
- Ripple has been named as an early stage investor in the HashKey XRP Tracker Fund.
XRP faces a critical decision point on the charts this Friday, April 18th. Its price is tightening dramatically, squeezed inside a symmetrical triangle pattern between converging trendlines.
While the Balance of Power (BOP) indicator reads negative and trading volume dropped 30% in the past 24 hours, XRP trades at $2.06, attempting to reclaim the 20-day EMA at $2.09.
What Does the Symmetrical Triangle Suggest for XRP?
On the daily chart, XRP is consolidating inside a symmetrical triangle. This classic chart pattern reflects indecision and a potential buildup of energy for a breakout.
The apex of the triangle is fast approaching, suggesting that a decisive move is likely within days.
Currently, XRP is trading near $2.06, with resistance at the descending trendline around $2.24, and support at the ascending base near $1.87. A breakout above $2.24 c…
The post XRP Prediction April 19: BB Squeeze Builds Energy, Bulls Target $2.24 Next appeared first on Coin Edition.
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