Increased Iranian military presence in the Persian Gulf may heighten U.S.-Iran 
tensions, raising the risk of military conflict.
The post IRGC Navy to enforce Khamenei&#8217;s directive amid US naval blockade in 
Persian Gulf appeared first on Crypto Briefing.

IRGC Navy to enforce Khamenei’s directive amid US naval blockade in Persian Gulf

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

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

Iran&#8217;s economic instability and leadership uncertainty could exacerbate 
regional tensions, impacting global oil markets and geopolitical dynamics.
The post Iran economy struggles as Strait of Hormuz traffic decreases amid 
instability appeared first on Crypto Briefing.

Iran economy struggles as Strait of Hormuz traffic decreases amid instability

Iran&#8217;s openness to talks and U.S. defensive focus may ease tensions, 
potentially leading to diplomatic progress and economic stability in the 
region.
The post Iran open to talks, Trump praises US laser defense amid Hormuz 
tensions appeared first on Crypto Briefing.

Iran open to talks, Trump praises US laser defense amid Hormuz tensions

Samsung&#8217;s profit surge underscores the growing AI chip market competition, 
potentially reshaping global semiconductor dynamics amid geopolitical 
tensions.
The post Samsung chip profit surges 48-fold amid AI demand, competition with 
Nvidia appeared first on Crypto Briefing.

Samsung chip profit surges 48-fold amid AI demand, competition with Nvidia

Rising inflation and geopolitical tensions may hinder economic growth, 
complicating monetary policy and increasing market uncertainty.
The post Jim Cramer warns of economic decline amid rising US inflation 
appeared first on Crypto Briefing.

Cryptocurrency price in MMK

Market Overview