XRP poised for growth in April: Historical trends predict 30% hike

XRP finally broke through the bearish slump to enter the green area. The coin is trading at $0.6458, up 1.39% in the past 24 hours.

In the past 7 days, the coin has gained 7.32% value, while its monthly comparison shows a 19.67% hike. Since experts expected this rebound to occur at the end of March, traders wonder how XRP will perform in April.

If the historical analysis is to be believed, XRP projections put it at a 30% expected hike in April. The latest XRP price action demonstrates the consistent positive performance of the coin in April.

During the month, the average return for XRP reaches 31%. With Bitcoin scheduled to halve in April, a positive market outlook positions XRP to benefit. A look at XRP’s price history shows a dominantly optimistic sentiment.

While there was a slight decline in XRP’s price during April 2022 and 2023, April 2019, 2020, and 2021 brought massive gains. It is worth noting that April 2021 brought a whopping 174.1% uptick in XRP’s price. However, 2021 was a year when most cryptocurrencies hit their peak before crashing down.

Even then, it is evident that the XRP can climb the crypto surge, as shown in March. Experts expect the cryptocurrency even to hit $1 in the next surge. XRP has not hit the dollar mark for a while, and it would need to register a 50%+ hike to do so.

However, the grim development surrounding RippleX puts a dent in this plan. Ripple’s development arm has been facing technical difficulties that can impact XRP’s market performance.

Some analysts say that RippleX can hinder XRP’s growth, while others believe in historical analysis to push through these hurdles. It remains to be seen how XRP will cope with market conditions and trader sentiment in the coming months. 

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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