Is the XRP comeback on? After falling 28% in April, the XRP/USD pair shows prospects of a recovery trend in the coming weeks.
) 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 . The buying sentiment surged around $0.58, a level that acted as strong support in January 2022 and enabledXRP/USD daily price chart featuring support area around $0.58-level.
But with XRP's price bouncing from a confluence of support levels, its likelihood of retesting the triangle's upper trendline is high. That would have the token test levels above $0.75 — up nearly 30% from today's price — as their next resistance target in Q2/2022.
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