XRP holders who’ve been patient over the past year are seeing solid gains, and May might just bring even more momentum. Ripple’s native token is currently trading over 330% higher year-over-year and is showing several strong signs that another major move could be imminent.
Even those who entered the market at the start of 2024 are seeing gains, with XRP up around 5% since New Year’s. While Bitcoin outpaced Ripple in April with a 13.5% increase versus XRP’s 4%, XRP still outperformed Ethereum, which dropped roughly 3% over the same period.
Now, as May begins, here are four mouthwatering signs Ripple’s (XRP) price is poised to rip higher this month:
1. Bullish Inverse Head and Shoulders Pattern Forming
XRP’s technical setup is flashing green. A bullish inverse head and shoulders pattern emerged on its chart in late April — a classic indicator of an impending price breakout. Crypto analyst Ali Martinez shared the pattern on X, suggesting an upside target between $2.70 and $2.90. If realized, that would mean over 30% growth from current levels — a move well within reach in altcoin territory.
2. Political Momentum: Eric Trump Blasts SWIFT
Ripple gained unexpected support from political commentary when Eric Trump criticized the SWIFT payments network, calling it outdated and inefficient. Speaking to CNBC, he suggested banks could be obsolete in a few years due to crypto innovation. With XRP positioned as a global payments alternative, such rhetoric shines a favorable spotlight on Ripple’s mission and future potential.
3. XRP Futures ETFs Approved, Spot ETFs Could Be Next
Institutional interest in XRP is gaining steam. Two XRP futures ETFs received SEC approval in April, and Bloomberg analysts now assign an 85% probability of broader ETF approvals, including spot XRP ETFs, in 2025. As seen with Bitcoin’s historic rally after ETF launches in January 2024, this kind of regulatory progress could ignite a powerful bull run for Ripple.
4. Strong Buy Rating Across XRP Moving Averages
According to TradingView, XRP currently holds a “Strong Buy” rating based on key moving average indicators across 10 to 200-day timeframes. This unanimous technical strength suggests growing momentum and supports a bullish outlook heading into the rest of May.
With solid technicals, positive political sentiment, and increasing institutional interest, the setup for Ripple looks more bullish than it has in months. These four mouthwatering signs point to a potential surge ahead — and XRP bulls are watching closely.
