XRP Eyes $1.80 Rally as CLARITY Act Hits May 21 Deadline
XRP has unusually strong timing with four catalysts stacked together in May that could lift the token to price levels not seen since January. The CLARITY Act faces a hard deadline of May 21 before the Senate's Memorial Day recess, while new leveraged ETFs and futures trading activate simultaneously.
Key Takeaway
XRP's May hinges on CLARITY Act passage by May 21—without it, the token stays range-bound.
Coinbase activated Trading At Settlement for XRP futures on May 1, and GraniteShares is set to launch 3x leveraged XRP ETFs on May 7.
Market expert Sam Daodu believes these events kick off a month that could push XRP to $1.80, a 30% rally from its current price of $1.39. The token posted gains of 9.4% over April while consolidating between $1.30 and $1.45, building what Daodu describes as a cup-and-handle setup. XRP hasn't touched $1.80 since January.
The CLARITY Act is the bigger variable. Senate Banking Committee Chair Tim Scott may schedule a markup during the week of May 11, with a hard deadline of May 21 before Memorial Day recess. Daodu said that if the bill is signed into law, he expects billions in fresh ETF inflows. Jerome Powell exits as Federal Reserve Chair on May 15, potentially shifting monetary policy signals just as the legislative window closes.
Daodu said TAS activation could matter indirectly by making it simpler for larger US funds to build XRP positions through regulated venues like Coinbase Derivatives, which supports both nano and full-sized XRP futures contracts. Cumulative inflows into US-based spot XRP ETFs surpassed ₱79.82 billion ($1.30 billion) by late April, with consistent net inflows throughout the month signaling institutional demand.
The resistance zone sits at $1.45 to $1.50. A daily close below $1.30 would invalidate the cup-and-handle pattern, Daodu said, with further support at $1.28 and psychological support at $1.20. Without CLARITY in the near term, the token could remain stuck following broader market signals more closely. XRP has held the $1.30 level since February, when it established a rising channel pattern from a low near $1.15.
Polymarket odds show a 3% chance of XRP reaching an all-time high by June, rising to 12% by September and 21% by December.
This article was written based on reporting from NewsBTC.
