XRP Faces Slim Odds for New ATH in April, Say Polymarket Bettors

XRP has a mere 2% chance of hitting a new all-time high (ATH) this April, according to Polymarket bettors. Despite a modest 2% gain at the start of the month, sentiment remains cautious among investors. The Ripple-linked cryptocurrency is currently trading at $2.13 on Bitstamp, still far from its ATH of $3.40 recorded in January 2018.

Polymarket data indicates that XRP has an 89% probability of revisiting the $2.20 level this month, though less than 50% of bettors believe it will reclaim $2.50. At the same time, there’s a 5% chance that XRP could drop to as low as $1. These forecasts reflect broader market uncertainty as cryptocurrencies continue to face headwinds from global trade tensions and regulatory pressure.

Despite XRP's strong 237% surge in 2024, its performance in recent months has been mixed. It dropped 2.56% in March after a sharp 29% decline in February. Year-to-date, XRP is up less than 3%, lagging behind other major cryptocurrencies.

Interestingly, CoinGecko still lists XRP’s ATH as $3.40 from January 7, 2018, suggesting some discrepancies in data tracking. This comes amid lingering confusion about whether XRP actually reached a new ATH earlier this year. The previous high was set shortly before SEC Chairman Gary Gensler’s exit, which was seen as a bullish shift for crypto markets.

While XRP remains a top-three non-stablecoin by market cap, its ability to break out to new highs remains uncertain. With market volatility and bearish technical signals like the recent “death cross,” many traders are staying cautious. Investors should continue monitoring XRP’s price action closely throughout April.