XRP up 9.4% in April; May stacks TAS, 3x ETFs, and CLARITY Act deadline

XRP closed April with +9.4%. Traders watch May catalysts to break the $1.30–$1.45 range and test $1.50.

Sam Daodu lays out the setup and timing, pointing to a tight ceiling-and-floor near $1.30–$1.45 and a cluster of May events that could unlock flow and price action. Source.

• May 1: Coinbase activates Trading At Settlement for XRP futures, covering nano and full-sized contracts on Coinbase Derivatives. This can ease positioning for larger US funds via regulated rails. Details.
• May 7: GraniteShares plans 3x leveraged XRP ETFs. Leverage can amplify moves once direction is set. Daodu’s preview.
• May 15: Powell’s term as Fed Chair ends. Daodu sees rate-cut expectations picking up if the Fed tone shifts. Context.
• By May 21: CLARITY Act faces a Senate recess deadline. Daodu ties a break above $1.50 to the bill clearing Senate Banking Committee. Legislative watch.

Upside if regulatory clarity lands. Daodu expects “billions” in ETF inflows if CLARITY is signed, setting up a supply squeeze through $1.45–$1.50 toward ~$1.80. He frames that as ~30% from ~$1.39, last seen in January. Source.

If CLARITY misses the window, he sees XRP tracking broader signals, with Bitcoin direction dominating. Details.

Key levels for May:

• $1.30 support since February. A daily close below invalidates the cup-and-handle setup. Next marks: $1.28, then $1.20.

<liFurther weakness: $1.17 in play. Below that, $1.00 becomes the major reference.

• Breakout watch: $1.50 as resistance, with ~$1.80 as Daodu’s target on a clear legislative win.