Will Halving Mayhem Push XRP Closer to $1 In May? 

Juhi Mirza
Ripple (XRP)
Source: Watcher.Guru

Ripple is one of the leading cryptocurrencies, paving its way gradually to reach the top of the radar. The token has been battered through various upheavals this bull season, with its price pace being dubbed slow and mellow. However, Ripple XRP was expected to receive a much-needed push after the Bitcoin Halving event, which was recently concluded with much fanfare.

Also Read: XRP Price Prediction For This Weekend As Bitcoin Halving Nears

Ripple to Ascend Past Its Critical Resistance Level Of $0.60?

ripple xrp
Source: WatcherGuru

Ripple XRP has documented a gradual price surge this bull cycle. The crypto has failed to climb major price thresholds, sowing skepticism within its community. However, various crypto analysts on X have been rooting for XRP’s stellar price momentum, adding that the token has yet to show its true colors.

Now that the Halving event is over, Ripple XRP is expected to rise above its critical price barriers to peak and reach a new ATH. Per CoinCodex XRP will be battling critical price pressure and resistance at $0.53 and $0.54.

“Based on today’s classical pivot point (P1) with the value of $0.526520, Ripple has support levels of $0.517516, $0.510627, and the strongest at $0.501622. Similarly, Ripple resistance levels are at $0.533410, $0.542414, and $0.549303.”

Once the token crosses past its critical price barriers, it may gain additional support and rise above to touch a new ATH. The platform predicts XRP to touch the $0.66 price range by April 27, before falling back to $0.61 and eventually trading at that price level by May 22.

“The price of XRP may rise by 26.49% and reach $0.668585 by April 27, 2024.

Also Read: Ripple: XRP Price Post-Bitcoin Halving

For May, CoinCodex predicts XRP to surge a notable 13%, at the latest by May 18.

“The price of Ripple may rise by 17.27% and reach $0.619848 by May 22, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed). Ripple recorded 15/30 (50%) green days with 8.93% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”