XRP has seen 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 nickname Ameba. He recently posted on social media, revealing that the first target he is considering is around $2.90. This would represent an increase of about 26%.

It appears that this specific concept is also supported by another trader. Joe Swanson bases his analysis on the Inverse Head & Shoulders pattern, which he claims has broken upwards, confirming the breakout of the rising wedge and reversing the key resistance level into support, while forming higher lows.

Momentum [is] building for a strong leap! – He said, while attaching a chart with a $3 price prediction in the short term.

Duo Nine, a well-known trading analyst, noted in a Ripple price analysis for CryptoPotato that even if the bulls can reach $3, they will face significant selling pressure. This stems from the fact that this level has been tested twice in the recent past. XRP's price has been rejected there twice.

Another XRP price prediction comes from Crypto Virtuos, who told his 81,000 followers that the next target to watch is $2.50. 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 early week looks promising.

More Shocking XRP Price Predictions

While the above three may seem more conservative for opportunity traders, here are some outlandish and nearly unrealistic Ripple price predictions. Some of the following are not expected to occur in May but are still worth monitoring, especially if the underlying fundamentals start to yield value.

First, we have Oscar Ramos. He cited an analysis from Bitwise, stating that when the XRP ETF is approved in the U.S., the asset's price will increase exponentially. His target is around $29 by 2030.

Next is another well-known XRP price commentator on X named Brett, who stated that XRP could reach between $33 and $50 by 2027, citing Sistine Research. This would create a price increase of 1500% to 2500%.

And finally, the most shocking prediction regarding the valuation of XRP. John Squire, a social media influencer with around 500,000 followers, stated that this cryptocurrency could reach $100. Of course, to be objective, this would elevate XRP's total market capitalization to around $6 trillion, double the current entire cryptocurrency market.

Why is XRP Price Rising This Week?

In addition to price predictions, it is important to note that there are several fundamental developments behind XRP's recent price movements. The most notable development is that ProShares has received SEC approval to launch three separate XRP ETFs. Specifically, these are the Ultra XRP ETF (2x leverage), Short XRP ETF, and Ultra Short XRP ETF (-2x leverage).

As the name suggests, this is not a spot XRP ETF – they are based on derivative products and do not require ownership of the underlying asset.

Although this is not something the community expected, the positive impact on the market seems clear as many investors see this as a positive signal from the country's financial regulatory authority.