Summary
- XRP has been showing persistent weakness recently and is down about 30% so far this year.
- U.Today said XRP has historically posted an average gain of about 24% in April.
- U.Today noted the median gain of about 2% and the need to break above the $1.45 resistance level, urging a cautious approach.
Forecast Trend Report by Period
Attention is turning to whether XRP, which has been showing persistent weakness recently, can turn bullish in April, as it has posted a strong performance in April over the past few years.
As of 3:31 p.m. KST on the 28th, according to CoinMarketCap, a cryptocurrency market data provider, XRP was down 1.91% from the previous day at $1.33. That marks a decline of about 30% so far this year.
Crypto-focused media outlet U.Today analyzed that “XRP has historically recorded an average gain of about 24% in April.”
However, it cautioned that “unlike the average return, the median gain is only about 2%, so a cautious approach is needed,” adding that “for XRP to enter a full-fledged uptrend, it is important to break above the $1.45 resistance level in early April.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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