Despite the challenging times the cryptocurrency market is experiencing, XRP has gained 7.5% in value since the beginning of the year, making it the best-performing asset among the top 5 cryptocurrencies.

Now investors are questioning whether the "Sell in May" strategy is the right move.

Market analysts predict that May may also be positive for the cryptocurrency markets following April. Nic Puckrin, the manager of CoinBureau, is one of the analysts who holds this view. Puckrin noted in a statement made on X that Bitcoin (BTC) has generally performed positively in the month of May over the last twelve years. He also stated that spot Bitcoin ETFs have garnered significant interest from institutional investors and that the low correlation between BTC and equities positively reflects on all cryptocurrencies, including XRP.

No Need to Sell XRP in May: Levels are Important Looking at XRP's daily charts, it can be seen that the price has risen above the descending triangle and the 21-day exponential moving average (EMA). XRP had recently approached the 200-day EMA. This indicates a period where market participants are waiting for a possible catalyst for a decline or rise in XRP. This situation shows that the upward trend that started last November has somewhat weakened.

However, for now, XRP is showing positive signals. The 21-day moving average continues to stay above the 200-day EMA, and momentum indicators are also in the positive zone.

While XRP continues its consolidation process, the resistance at the $2.6 level should be watched carefully. If XRP breaks this level, further upward movement may occur.

In addition, XRP's short and long-term EMAs stand out as the most critical support areas to be monitored in May. As long as the XRP price remains above these levels, investors will not need to panic sell.


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