According to Gate News bot, Coindoo reports that Ripple (XRP) typically sees strong rises in May, and this trend may continue this year. With less than 48 hours left until the close, traders expect the average rise of XRP in May to reach 25.1%. Currently, the trading price of XRP is close to 2.17 dollars, and if it closes strong, it may rise to 2.72 dollars, which is an important milestone for buyers.
Despite the recent 4.73% drop in XRP trading volume, the volume still surged by 37%, reflecting an increase in investor interest in XRP.
Large institutions are getting involved, with Webus International committing to invest $300 million to use XRP for cross-border payments, while Hyperscale Data completes an acquisition for $10 million and lists a new ETF, adding momentum to the market. However, open interest has dropped by nearly 11%, indicating caution in the market. If XRP can hold its support level, a bullish rebound in June may follow.
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Ripple (XRP) is about to reach the milestone of $2.72.
According to Gate News bot, Coindoo reports that Ripple (XRP) typically sees strong rises in May, and this trend may continue this year. With less than 48 hours left until the close, traders expect the average rise of XRP in May to reach 25.1%. Currently, the trading price of XRP is close to 2.17 dollars, and if it closes strong, it may rise to 2.72 dollars, which is an important milestone for buyers.
Despite the recent 4.73% drop in XRP trading volume, the volume still surged by 37%, reflecting an increase in investor interest in XRP.
Large institutions are getting involved, with Webus International committing to invest $300 million to use XRP for cross-border payments, while Hyperscale Data completes an acquisition for $10 million and lists a new ETF, adding momentum to the market. However, open interest has dropped by nearly 11%, indicating caution in the market. If XRP can hold its support level, a bullish rebound in June may follow.