The price of XRP has experienced notable fluctuations in recent days, with a 9% increase over the past week, currently trading around $2.3. As May approaches – a time often warned by the old saying in the financial investment community – 'Sell in May and go away' – the market is heating up with many exciting price predictions for XRP.
Here are 5 prominent predictions from experts and analysts that investors should closely monitor in the coming month.
1. Target of $2.9 from analyst Ameba
Famous analyst Ameba predicts the first short-term target for XRP is $2.9 – an equivalent increase of about 26% from the current price. He emphasizes that a modest price increase – as often seen at the beginning of the week – could be a springboard to break through the average price range, leading to a notable breakout scenario.
2. The 'Inverted Head and Shoulders' pattern aims for the $3 mark: Joe Swanson
Trader Joe Swanson provides a technical analysis based on the Inverted Head and Shoulders pattern – which has broken out in an upward direction. According to him, this confirms the breakout from the ascending wedge and the conversion of resistance into support. Swanson notes that momentum is rapidly increasing and predicts that XRP could soon reach $3.
3. Warning about selling pressure at the $3 level: Duo Nine
While some analysts are optimistic about the $3 mark, Duo Nine warns that this area has previously been a strong resistance zone – having rejected XRP twice recently. Although he agrees with the bullish outlook, he believes that selling pressure at this level could create significant corrective pressure that needs to be monitored closely.
XRP price chart with resistance at $3 | Source: TradingView
4. Target of $2.5 before moving higher: Crypto Virtuos
Analyst Crypto Virtuos states that XRP is in a strong upward trend, and the next level to overcome is $2.5. This is seen as the biggest barrier currently and a prerequisite for any deeper price increase.
5. 'Shocking' long-term predictions: $29, $50, even $100?
In addition to realistic predictions, some analysts present an ambitious outlook:
Oscar Ramos cites research from Bitwise, stating that once the XRP ETF is approved in the United States, the price of XRP could reach $29 by 2030.
Brett, a prominent figure on X, predicts the price will range from $33–50 by 2027, according to Sistine Research.
John Squire offers the most controversial opinion: XRP could reach $100 – which would push XRP's market capitalization to around $6 trillion, doubling the total value of the current crypto market.
In addition to technical analysis and predictions, a fundamental factor supporting XRP's upward momentum is ProShares receiving approval from the SEC to launch three XRP ETFs based on derivative products: Ultra XRP (2x leverage), Short XRP, and Ultra Short XRP (-2x leverage).
Although this is not the spot ETF – the most anticipated type – the approval from the leading financial regulatory agency is still seen by investors as a positive signal for XRP in particular and the cryptocurrency market in general.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.
$$XRP