XRP Defies April Slump with 4.98% Rally, Eyes Bullish May Momentum

XRP is off to a strong start in May, already posting a 1.59% gain, following an impressive 4.98% surge in April, according to CryptoRank. This marks a notable turnaround for the cryptocurrency, which had experienced consistent losses in April over the past three years. Historically, April has been a mixed month for XRP, averaging a 24.8% monthly return, but the asset struggled in 2022 (-27.8%), 2023 (-12.4%), and 2024 (-20.8%).

April 2025 has broken that bearish trend, reflecting renewed investor confidence in XRP. This rebound also marks a recovery from steep losses earlier in the year, with XRP dropping 29.3% in February and 2.52% in March. Analysts attribute the recent bullish momentum to growing optimism around a potential XRP futures ETF, increased whale accumulation, and the resolution of regulatory uncertainty with the SEC. These developments have driven daily trading volume above $2.4 billion, according to CoinMarketCap.

At the time of writing, XRP is trading at $2.22, a 1.35% daily increase, maintaining a strong position above key resistance levels. Its market cap now exceeds $130 billion, making it the third-largest cryptocurrency after Bitcoin and Ethereum. Market sentiment remains positive as both retail and institutional investors increase their exposure to the asset.

While XRP’s future performance in May is uncertain, bullish indicators suggest potential for further gains. With regulatory clarity, heightened trading activity, and positive momentum, XRP could be poised for a breakout if current trends continue.