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The cryptocurrency market has been full of ups and downs lately, and for XRP holders, May 21st could be an important day to watch.
Many are asking — what’s so special about May 21st? Is XRP about to skyrocket, or will it drop? While no one can predict the market with complete certainty, analyst Levi said that there are a few reasons why this date has people talking.
Global Tensions Affecting Markets
Recently, tensions between the US and China have been heating up over trade deals. Both countries agreed to temporarily lower tariffs, but disagreements quickly followed. China is now threatening to retaliate against US export controls, especially involving computer chip supplies. This situation affects global markets — including stocks, bonds, and cryptocurrencies like XRP.
When political and economic tensions rise between major countries, markets often become unstable. XRP, like other cryptocurrencies, tends to react to these global shifts.
How Does This Impact XRP?
Amid this uncertainty, XRP has been particularly volatile. After recent gains, the token slipped nearly 4% in the past 24 hours, erasing a 3% rise from the previous day. Crypto analysts are now watching the next 48 to 72 hours closely, anticipating a possible market bottom for XRP. Many traders are adopting a “buy-the-dip” strategy during these red days, hoping to capitalize on a rebound if historical patterns hold true.
The price range between $2.31 and $2.15 is important. If the price reacts strongly and moves up from this area, it would be a good sign. The next important resistance to watch is at $2.61. A break above that could open the path toward higher levels, like $3.30+ (the all-time high). A drop below $1.79 would be more bearish and could mean even lower prices ahead — though that’s not expected right now.