XRP began April sitting above the key support level at about $1.30, yet the token remains well below where it opened the year. Historically, however, April has been one of altcoin’s strongest months, and a mix of on-chain data and a potentially decisive legislative event this month could result in a new turnaround.
What Past Aprils Say About This Year’s OddsBut Daodu cautioned that the headline average masks a different reality: the median April return is only 2%. That gap shows that most Aprils see modest movement while a few outsized rallies push the average much higher.
Yet that $1.60 low proved critical — it became the exact pivot for an 82% surge that carried XRP to $3.65 by mid‑July. Daodu points out that even when April fails to produce immediate gains, it can still be the turning point for the rest of the year.
Potential Catalysts And Risks For XRPIf the bill advances through committee, it would formally classify XRP as a digital commodity under federal law — a change that, according to the analyst, could remove a major obstacle to institutional capital entering the market.
On-chain data shows a marked increase in Binance outflows since late February, which could further support a new recovery. Daily withdrawals have repeatedly exceeded 4,000 XRP, with some sessions approaching 6,000 — a behaviour that is often seen as a sign of accumulation.
Oil prices have risen above $100 a barrel, the Federal Reserve has held rates steady, and Bitcoin (BTC) is trading around $66,000 — factors that have tended to suppress risk appetite across crypto markets.
Daodu notes that crypto-specific positives this year have repeatedly been overshadowed by broader geopolitical headwinds and inflation data, and warns that an escalation in the Middle East could erase any April gains.
Featured image from OpenArt, chart from TradingView.com
