XRP began May with a slight increase, rising 2.1% on the first day and trading around $1.39. However, looking at the monthly chart, reaching the $2 price point will likely require overcoming significant obstacles.
Looking at the TradingView chart, the price is significantly lower than its typical trend. Currently, the price is well below the middle line of the Bollinger Bands, which sits at $2.03. For XRP to reach this average level, it would need to increase by 45% from where it is now.
The Relative Strength Index is currently at 45.85, indicating that the asset isn’t overbought and has potential to increase in price. However, trading volume isn’t high enough yet to suggest a change in the overall downward trend.
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Inside May’s 23% bullish trend that makes $2 XRP target possible
The primary reason to expect the token’s value to increase by the end of the month is its past performance. Historically, May has been a strong month for XRP, as shown by data from CryptoRank.
Historically, XRP has typically increased in value by an average of 23.3% in May over the last 13 years. If this pattern continues, the price could stabilize between $1.70 and $1.75 by June, potentially reaching and testing the important $2.03 level.
The recent increase at the beginning of the month aligns with anticipation surrounding the release of new financial products. All eyes are on May 7th, when GraniteShares plans to list leveraged XRP ETFs, as the market activity around this launch could indicate how prices will move for the rest of the month.
The positive trend we’re seeing in early May is encouraging, as the 2.1% increase matches all of April’s gains. However, reaching a price of $2 remains a challenging goal. It will take more than just continuing the current momentum; the price needs to clearly break through the $1.50 resistance level to get there.
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2026-05-02 07:22