XRP Bucks April’s Crypto Bloodbath with 5% Surge—May’s Rally Could Be Just Starting

While most altcoins bled out in April’s market correction, XRP defied the trend with a 4.98% gain—outperforming even Bitcoin. Now traders are eyeing a potential bullish continuation as the token tests key resistance levels.

Market mechanics suggest upside potential: The Ripple-backed asset has consistently held above its 200-day moving average, a critical support level that’s now acting as a springboard. Liquidity pools show increasing accumulation by whales, and derivatives data reveals shorts getting squeezed.

But here’s the cynical twist: This rally conveniently coincides with Ripple Labs’ quarterly report—because nothing pumps a token like corporate PR masquerading as ’transparency’. Whether this is organic growth or strategic timing, May’s price action will tell the real story.