XRP price rebounds after worst month since June 2021 — major recovery ahead?

2022.05.02 17:21

XRP price rebounds after worst month since June 2021 — major recovery ahead?

Ripple (XRP) opened in May with a decent price rebound after falling 28% in April, its worst monthly performance since June 2021. Furthermore, the XRP/USD pair shows prospects of continuing its recovery trend in the coming weeks.

XRP’s price rose by nearly 6.25% in the first two days of May, going as high as $0.63 (data from Binance). The buying sentiment surged around $0.58, a level that acted as strong support in January 2022 and enabled XRP to rise by more than 50% thereafter.

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