Ripple (XRP) Price Prediction: XRP Might Hit $0.40 Mark In May, After Surging By 25%
In the last 90 days, Ripple (XRP) did not manage to surge spectacularly, at least in comparison with the other four cryptocurrencies in the top 5 by market cap. While the other top cryptos experienced surges of approximately 50% in total, the XRP was “boring.” However, it might seem that the Ripple (XRP) price might surge by 25 % and reach $0.40 in May.
Ripple (XRP) dropped by 1% in the last three months
For example, during the previous 90 days, Bitcoin Cash (BCH) surged by about 136%, Bitcoin (BTC) by 57%, while Litecoin (LTC) raised by 130%. Also, Ethereum (ETH) surged by about 50% in the past three months.
On the other hand, Ripple (XRP) did not manage to keep up with the other four top 5 cryptocurrencies by market cap. More specifically, the XRP dropped by 1% in the last three months.
Even though Ripple (XRP) surged to $0.3950 at the beginning of April, the crypto couldn’t manage to keep the momentum, and it dropped soon afterward. Furthermore, over the past trading month, XRP price lowered by 12%, leveling to around $0.30.
At the moment of this writing, Ripple (XRP) trades at $0.302, experiencing a slight 0.56% drop.
Ripple (XRP) might surge by 25% and hit the $0.40 mark
The situation is not looking too bright right now for the XRP, but the market indicators are showing that the Ripple (XRP) price might surge in May.
At the moment, the market trades sideways, and that means the XRP is going to trade at a neutral trend. However, that’s only on the short-term. That could change if the bulls come in and break over the 100-day XRP average which is $0.33. On the other hand, if the Ripple (XRP) price goes below $0.28, we might see even more drops for the third crypto in the market by market cap.
Also, the Relative Strength Index (RSI) returned above the 50 level. That means that the bulls may take control over the bullish trend of Ripple (XRP) and push the crypto towards $0.40 mark.
In conclusion, the market indicators are looking good for Ripple (XRP), so the XRP might surge by 25% and reach $0.40 mark in May.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.