5 Top Ripple Price Predictions to Watch in May

XRP has experienced recent volatility. Over the past seven days, the price has increased by more than 9% and is currently trading at around $2.30. In this article, we will take a closer look at the top 5 XRP price predictions to watch as we approach May. Does the old saying "sell in May and go away" still hold true? 5 Ripple Price Predictions to Watch in May First, we have an analysis from a well-known analyst on X using the pseudonym Ameba. He recently posted it on social media to reveal that the first target he is considering is around $2.90. This would represent an increase of about 26%.

It seems that this specific concept is also supported by another trader, Joe Swanson, who bases his analysis on the Inverted Head & Shoulders pattern. According to him, this pattern has been broken to the upside, confirming the breakout of the bullish wedge and reversing the key resistance level into a support level, while also forming higher lows. Momentum [is] rising for a strong advance! – He said, attaching a chart with a price prediction of 3 dollars in the short term. Duo Nine, a well-known trading analyst noted in a Ripple price analysis for CryptoPotato that even if the buyers can reach the $3 level, they will face significant selling pressure. This arises from the fact that this level has been tested twice in the recent past. The price of XRP has been rejected there twice. Another XRP price prediction comes from Crypto Virtuos, who told their 81,000 followers that the next target to watch is $2.5. This figure would represent an increase of about 10% from the current price. As previously posted, XRP has broken out and appears strong. The initial target is $2.50. This is the biggest hurdle on the current path. The beginning of the week looks good.

Shocking XRP Price Prediction While the three above may seem more conservative for opportunistic traders, here are some far-fetched and almost unrealistic Ripple price predictions. Some of the following are not expected to happen in May but are still worth keeping an eye on, especially if the underlying fundamentals behind them start to bring value. First, we have Oscar Ramos. He cited an analysis from Bitwise, stating that when the XRP ETF is approved in the United States, the asset price will increase exponentially. His target is around $29 by 2030. Next is another famous XRP price commentator on X named Brett, who stated that XRP could reach between 33 and 50 dollars by 2027, citing Sistine Research. This would create a price increase of 1500% to 2500%. And finally, the most shocking prediction about the valuation of XRP. John Squire, a social media influencer with around 500,000 followers, stated that this cryptocurrency could reach 100 dollars. Of course, to be objective, this would bring the total market capitalization of XRP to about 6 trillion dollars, double the entire current cryptocurrency market. Why Did XRP Price Increase This Week? In addition to price predictions, it is important to note that there are some fundamental developments behind the recent price fluctuations of XRP. The most notable development is that ProShares has received SEC approval to launch three separate XRP ETFs. Specifically, these are the Ultra XRP ( 2x leverage ETF, the Short XRP ETF, and the Ultra Short XRP ) -2x leverage ETF. As the name suggests, this is not a spot ETF for XRP – they are based on derivative products and do not require ownership of the underlying assets. Although this is not what the community expected, the positive impact on the market seems clear as many investors view this as a positive signal from the country's financial regulatory authority.