XRP Eyes $3 as May Bull Run Gains Momentum

XRP is gaining traction in the current crypto bull market, spiking over 3% in the past 24 hours to trade at $2.42, with intraday highs of $2.45. This upward momentum aligns with its historical May performance, where XRP has averaged a 26% monthly growth rate, according to Cryptorank. If this trend continues, XRP could climb to $3.02 by the end of the month.

Historically, XRP faced setbacks in May from 2020 to 2022, with losses of 4.4%, 34.4%, and 28.4%, respectively. However, recent years show a recovery, posting 9.84% growth in 2023 and 3.17% in 2024. So far in May 2025, XRP has recorded a 10.7% increase, supported by a surge in trading volume, up 53% to $4.49 billion—signaling strong investor interest.

Institutional adoption is playing a key role in XRP’s rally. The resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) has cleared a path for broader market participation. The launch of the Tectrium 2x Long Daily XRP ETF, with $120 million in assets under management, underscores investor confidence in XRP-based products. Additionally, Volatility Shares introduced a 1x XRP futures ETF, further boosting visibility.

Despite the SEC delaying approval for a spot XRP ETF, anticipation remains high. If bullish momentum and institutional demand persist, XRP could surpass the $3 threshold—marking a significant psychological and technical milestone for the cryptocurrency this May.