Betting platform Polymarket sees only a 2% chance of XRP reaching a new record high in April. However, there's a 54% chance the cryptocurrency will remain in the green this month.
Current XRP Price Situation
XRP started the month with a 2% price increase, recovering alongside Bitcoin and other cryptocurrencies. It was down by 2.56% in March after slumping more than 29% in February. The cryptocurrency is the third-largest non-stablecoin by market cap and has risen by less than 3% this year after an impressive 237% spike last year.
April Outlook
Polymarket foresees an 89% chance for XRP to revisit the $2.20 level. Less than half of the platform's bettors believe XRP can reclaim $2.50 this month, with risk assets under pressure due to persistent trade tensions. There is a 5% chance of XRP plunging to $1, according to Polymarket.
XRP's Past Records
XRP reached its current peak of $3.40 on Bitstamp on Jan. 16. It took the cryptocurrency some seven years to achieve a new all-time high. In early 2018, it peaked at $3.31. CoinGecko, however, reports that XRP is still 37.2% down from its high recorded on Jan. 7, 2018.
XRP continues to fluctuate under external market pressures, with slim chances of reaching a new high this month. Trade tensions and market instability apply significant pressure on the cryptocurrency.
