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Cryptocurrency News Articles
Despite the Volatility, XRP Price Jumped by 5% During April 2025
May 01, 2025 at 05:30 am
Ripple Lab's native token "XRP" has experienced a major turn of events during the 04th month of 2025. From the rising hype of XRPL, selection of the new SEC chair
In a surprising turn of events, Ripple Lab’s native token “XRP” has experienced a major turn of events during the 04th month of 2025. From the rising hype of XRPL, selection of the new SEC chair, to potential XRP ETF filings, and delays by the SEC on ETF filings, the XRP investors were constantly on their toes.
Despite such volatility, the price of XRP token has jumped by over 5% during this month. With this, the market dominance of this altcoin has risen to 4.398%, making it the 4th most valuable crypto asset in the world. However, investors are now craving for a major price run as still a large number of investors are holding on their losses.
Considering the present market statistics, is XRP on the path of retesting its upper price levels or is a massive Ripple crash imminent? To answer all your FUDs and FOMOs, we bring to you on-chain and fundamental sentiments along with a possible Ripple price analysis for May 2025.
As the XRP price stabilizes, the active address on XRP Ledger experiences a drop. As per the chart below by CryptoQuant, the active addresses have been constantly hovering between the $0.4 and $0.5 range.
As per the data provided by theblock, the Monthly volume on the XRP Ledger has recorded a stability over the course of 3 months. Notably, the transaction count for April stood at 15.82 billion, a drop of 1.43% when compared to March that stood at 16.05 billion.
However, investors are turning highly optimistic on the long-term price action of this altcoin. Moreover, with a high possibility of most XRP ETF filings in the upcoming time and crypto-friendly regulations, the price of Ripple crypto token may head toward a new multi-month high.
After recording a constant uptrend for a brief period, the Ripple coin has dropped approximately 4.5% over the last seven days. With this, the market capitalization of it has dropped to around $128.16 billion.
Exchanging hands at $2.19, it has recorded a change of -3.26% over the last day with a trading volume of $2.97 billion. The EMA 50-day acts as a strong support to the XRP price chart in the daily time frame. On the other hand, its 200-day EMA plays the role of a major support and constantly hovers around the $2 mark. This suggests a positive outlook for the altcoin in the longer time frame.
Furthermore, the Relative Strength Index (RSI) displays a similar trend by constantly trading around the neutral point. With a constant rise in the 14-day average trendline, the Ripple coin price may gain significant momentum this Q2.
If the XRP price manages to sustain itself above the support level of $2.20, then it could prepare to retest its immediate resistance level of $2.50. If the market continues favoring bulls at that point, then the Ripple token could head toward its upper price target of $3 in May.
Conversely, a bearish setback could pull the price of this altcoin toward its support zone of $2.00. Furthermore, if the bearish sentiment intensifies, then this could result in the second-largest altcoin plunging toward its lower support level of $1.80 during the upcoming time.
Disclaimer:info@kdj.com
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