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.
May Catalyst WatchDaodu 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.
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.
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.
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 MonthDaodu 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.
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
