The Promising Altcoin That Could Surpass Bitcoin in May!
The stability of Bitcoin and the potential of some altcoins, such as XRP, to deliver superior performance due to technical signals and solid fundamentals. XRP, the Ripple token, has shown signs of accumulation and may be on the verge of a favorable trend change against BTC.
Technical analysis of XRP:
Ripple Labs continues to expand its institutional presence, focusing on cross-border payment solutions with the XRP Ledger (XRPL) blockchain. Reports of new integrations of regional banks into remittance systems based on RippleNet strengthen XRP as a bridge asset.
The 4-hour XRP/USDT chart shows a structure of higher lows and higher highs since April, suggesting a structural change after a bearish phase.
The price is testing a critical level around 2 dollars, with upside potential to 2.40 and 2.60 dollars, depending on the reaction in this area.
On-chain analysis:
XRP shows signs of accumulation by long-term investors, with increased activity on the XRPL and decreased flows to exchanges, suggesting lower selling pressure.
The confluence of a favorable technical structure, well-defined supports, solid institutional fundamentals, and on-chain accumulation signals presents an attractive scenario for investors. If the current support holds, XRP could be one of the bullish surprises of the month.