Dashboard

Financial News

XRP May Outlook: 4 Catalysts, Key Dates, And Critical Price Levels To Watch
newsbtc51d ago

XRP May Outlook: 4 Catalysts, Key Dates, And Critical Price Levels To Watch

XRP ended April with momentum, posting gains of roughly 9.4% over the month. Still, the bigger question for traders is whether the next leg can come faster—and push the altcoin beyond the narrow consolidation zone that has defined much of its recent trading. According to market expert Sam Daodu, May has unusually strong timing and catalysts stacked together that could lift XRP to price levels not seen since the start of the year, especially if a key piece of US crypto legislation progresses as expected. May Catalyst Watch Daodu points to a current consolidation range for XRP between $1.30 and $1.45, describing it as a ceiling-and-floor setup that has kept the asset trapped while the market waits for clearer catalysts. One of the earliest catalysts landed on May 1, when Coinbase began Trading At Settlement (TAS) for XRP futures. The activation is intended to support both nano XRP and full-sized XRP futures contracts on Coinbase Derivatives. While TAS alone may not move XRP in a dramatic way, Daodu suggests the change could matter indirectly by making it simpler for larger US funds to build meaningful XRP positions through regulated venues. Related Reading: Hyperliquid Jumps Into The Betting Boom With New ‘Outcome Tokens’ For Real-World Events Exchange-traded fund (ETF) momentum then comes into view on May 7, when GraniteShares is scheduled to launch its 3x leveraged XRP ETFs. Leverage products can amplify both upside and downside once traders decide a direction. In addition, May 15 is also on the calendar: that’s when Jerome Powell exits as Federal Reserve (Fed) Chair. Daodu’s view is that rate-cut expectations—which have seemed delayed all year—could finally pick up if the Fed tone changes. The legislative driver is the centerpiece of the May narrative. Daodu highlights that the delayed CLARITY Act faces a hard deadline before the Senate’s Memorial Day recess on May 21. In his framework, a break above $1.50 depends on whether the bill clears the Senate Banking Committee. Daodu notes that if Chair Tim Scott schedules the markup during the week of May 11 and Republicans keep the committee votes together, the biggest blocker holding XRP back all year could be removed. XRP Price Scenarios For This Month The upside scenario, in Daodu’s logic, is closely tied to institutional behavior around regulatory clarity. If the CLARITY Act is signed into law, he expects “billions” in fresh ETF inflows, based on the idea that regulatory uncertainty has kept some institutions on the sidelines. Daodu believes that a potential supply squeeze could help the altcoin break through the $1.45–$1.50 resistance zone and rise to around $1.80. This could result in a 30% rally from current trading prices of $1.39 — a level the token has not reached since January. Related Reading: US Rep. Calls Bitcoin A ‘Geopolitical Weapon Used By Multiple Adversaries’ But Daodu also outlines what happens if the process misses the May 21 deadline. Without CLARITY in the near term, the token could remain stuck following broader market signals more closely—trading less on its own news and more on the direction Bitcoin (BTC) sets. For levels, Daodu starts with the downside line at $1.30, a support area that has held since February. He suggests that a daily close below $1.30 would invalidate the token’s cup-and-handle setup. From there, XRP could slide toward $1.28. If $1.28 fails, Daodu points to $1.20 as the next major support, describing it as a psychological level that XRP has only reached during broader market sell-offs. Further weakness would put $1.17 in play, and below that, he says $1.00 could become the next major reference point. Featured image created with OpenArt, chart from TradingView.com

#TECH
watch: The One Linux Command You Keep Forgetting to Use
tecmint51d ago

watch: The One Linux Command You Keep Forgetting to Use

The post watch: The One Linux Command You Keep Forgetting to Use first appeared on Tecmint: Linux Howtos, Tutorials & Guides . You’re running df -h every 30 seconds by hand to watch a disk fill up, typing the same command over The post watch: The One Linux Command You Keep Forgetting to Use first appeared on Tecmint: Linux Howtos, Tutorials & Guides .

#TECH
The phantom fleet fueling Israel’s wars
elpais51d ago

The phantom fleet fueling Israel’s wars

Greek shipping companies transport Azerbaijani crude oil from a Turkish port in violation of the embargo imposed by Ankara, concealing their shipments by turning off their tracking signals

#COMMODITIES
mg51d ago

A new mood for the BMW X3

The Pure Design strips back the aggression of SUV styling in favour of a cleaner, more elegant approach — while delivering the smooth performance and comfort expected from the badge

#TECH
On the agenda week of May 4
bryantimes51d ago

On the agenda week of May 4

• Williams County Budget Commission, Monday, 8:30 a.m. in the Williams County Courthouse in the auditor’s office.

#ECONOMY