XRP (XRP) is the best-performing cryptocurrency of the top 5 this year with annual gains of 7.5% despite the significant turbulence that the market has gone through.
As May begins, the market’s old saying – “Sell in May and go away” – could be a cause of concern for the superstitious.
However, market experts seem to believe that May could be as bullish as April was for cryptos.
In this XRP price prediction, we’ll explore whether the rally has more room to run or if a cooldown is coming.
Nic Puckrin, the head of the crypto-focused online magazine CoinBureau, is just one of the long list of analysts who think that cryptocurrencies could move to higher ground this month.
In an X post, he emphasized that Bitcoin (BTC) has performed positively in nine of the past twelve years during this month.
He also said that institutional inflows to Bitcoin-spot ETFs and a lower correlation between BTC and stocks also support a bullish outlook for cryptos, including XRP.
No Need to Sell in May as Long as XRP Stays Above These Support Levels
Looking at the daily chart, the price broke above a descending triangle and immediately jumped above the 21-day EMA during a session that saw strong trading volumes.
Recently, the price has moved near its 200-day EMA, meaning that the uptrend that started back in November has weakened as market participants wait for the next positive catalyst that could either make or break XRP.
For now, the token’s outlook is still bullish as the 21-day EMA is still above the 200-day EMA while momentum indicators are still in positive territory.
However, as XRP continues to consolidate, the $2.6 level remains the most critical resistance to watch as a break above this marker could mean that the token is ready for its next leg up.
Meanwhile, its short-term and long-term EMAs remain the key support zones to monitor during what’s historically a bearish month.
As long as the price holds above those levels, there’s little reason for panic selling in May.
At the same time, as crypto markets gradually recover, emerging opportunities are beginning to outperform legacy assets.
In particular, top crypto presales like MIND of Pepe are attracting investor attention thanks to their high upside potential compared to established coins like XRP or Bitcoin.
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As its presence grows, it will begin gathering real-time insights on emerging trends, viral narratives, and high-potential opportunities.
These insights will be shared directly with $MIND holders, giving them a crucial edge to act early and maximize potential gains.
At its current presale price of $0.0037515, $MIND presents significant upside for early investors, with analysts expecting its value to climb as its reach and influence expand.
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