As a researcher tracking XRP, I’ve observed it attempting to maintain its gains after a significant price increase in April. While there was positive momentum recently, it’s now facing a common obstacle: the price seems to be leveling off around $1.39. Before we see a substantial recovery, XRP needs to overcome some important resistance levels.
Two Catalysts Through May 21
I was reading a report by Sam Daodu, and he thinks XRP might need more than just one positive event over the next few weeks to break through the $1.45 resistance level. He’s looking at two specific things happening between now and May 21st that could move the price, but isn’t convinced one alone will be enough.
Daodu believes a potential drop in oil prices could happen soon, thanks to “Project Freedom” – an initiative announced by President Trump in the Middle East. If ships can travel through the Strait of Hormuz as intended, oil prices might decrease.
When financial conditions become more relaxed, it usually boosts investments like stocks and cryptocurrencies. If the overall market continues to look positive, XRP could also see gains. Lower energy prices would help keep this positive trend going, preventing any recent improvements from disappearing quickly.
From what I’m reading, the CLARITY Act seems like the biggest thing that could really move XRP’s price. Specifically, analysts think it could be the key to finally breaking through and staying above the $1.45 mark – something we’ve been trying to do for a while now.
The logic is simple: if the bill becomes clearer, it could encourage more people to buy. Daodu points to an estimate from Standard Chartered, suggesting that if the bill passes the committee, it might bring in an extra $4 to $8 billion for XRP ETFs.
He believes the recent increase in XRP volume should easily cover the estimated costs of around 1.16 billion XRP, which were initially purchased for between $1.44 and $1.45. If this happens, it could give XRP the momentum it needs to break through $1.50 and continue rising.
XRP Three-Way Breakdown
As a crypto investor, I’ve been following the predictions for XRP, and Daodu has outlined three potential paths for the near future. The most optimistic scenario sees XRP climbing from around $1.50 to $1.70, but that relies on their ‘Project Freedom’ moving forward without major opposition from Iran. It’s a bit of a conditional jump, but definitely something to watch.
A positive outlook also relies on when the CLARITY Act is reviewed. Daodu believes a review scheduled before mid-May could attract institutional investors at a key time.
If enough investors start buying, XRP could easily rise above $1.45, overcoming a significant resistance point. After that, it could quickly reach $1.50 and potentially climb further to around $1.65 or $1.70.
If things proceed as currently expected, XRP’s price will likely stay within a fairly narrow range, between $1.38 and $1.45. It’s most probable that the price will attempt to reach $1.45 again, but analyst Daodu believes this might not be enough to overcome existing resistance. This prediction relies on the assumption that the progress of the CLARITY Act will be delayed once more.
The main reason some investors are worried about a market downturn centers on global political events. According to Daodu, if Iran responds to ‘Project Freedom’ with military action, the recent market gains could be lost very quickly.
As investors become more risk-averse, the report anticipates that the $1.40 support level may weaken, possibly falling to $1.30. If tensions between the US and Iran increase, the price of XRP could fall even further, potentially reaching $1.20.
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2026-05-05 02:29