XRP investors are optimistic as March draws to a close, as the cryptocurrency keeps rising, maintaining a value of $0.64—a gain of almost 10% for the month. After this success, people’s focus inevitably shifts to April, which raises questions about the future of this well-liked digital asset.
Historical data analysis points to a possible 30% increase in XRP in April. Based on information obtained from CryptoRank, XRP has historically performed well in April, with an average monthly return of 31%. But for those who prefer a more cautious approximation, the median monthly return is a notable 2.05% rise.
An analysis of XRP’s price history in the past shows a varied but generally optimistic picture. In contrast to the previous two Aprils when XRP’s value decreased, 2019 through 2021 saw notable increases. Notably, in April 2021, the price of XRP increased by a noteworthy 174.1%.
Given this historical background, XRP is positioned for two possible outcomes in the upcoming month. It may rise to about $0.85 per token, or it might rise more slowly to about $0.65 per XRP, which would suggest stability.
Even while the numbers suggest that there may be a spike to levels not seen in the previous two years, it is crucial to remember that nothing is ever certain in the crypto market due to its inherent volatility.
