As we approach the end of March, XRP Investors remain happy as the altcoin price remains stable at $0.64, gaining around 10% for the month. After this successful performance, eyes naturally turned to April and speculations began to be made about the future of the altcoin.
A detailed analysis of historical data highlights a potential upside of 30% for XRP in April. According to information from CryptoRank, April has generally been a period of positive performance for XRP; It provided an average monthly return of 31%. However, according to a more conservative estimate, the median monthly return is 2.05%, which indicates a significant increase.
A review of XRP’s price history presents a mixed but generally positive picture. Although the price has experienced declines in the last two Aprils, 2019, 2020 and 2021 have attracted significant gains. In particular, 2021 has witnessed a significant increase of 174.1% in the XRP price during the month of April.
In light of this historical context, XRP is prepared for two potential scenarios for the next month. It could rise to around $0.85 per token or rise more modestly to around $0.65 per token, indicating that it will remain stable.
As Koinfinans.com has reported, it is important to keep in mind the uncertainty inherent in the crypto market when depicting a possible rally to levels not seen in the current two years. Although certain trends and past performance guide us, the crypto market has always been unpredictable.
