Increased shale output may ease supply pressures, but geopolitical tensions 
and market dynamics could sustain high oil prices and economic impacts.
The post Diamondback boosts shale output amid Iran conflict, oil prices surge 
to $120 appeared first on Crypto Briefing.

Diamondback boosts shale output amid Iran conflict, oil prices surge to $120

XRP is trying to build stability after a strong April that pushed prices to 
the upside. The latest momentum, however, is running into a familiar 
challenge: the token is consolidating around the $1.39 area and is now dealing 
with key hurdles before it can meaningfully extend the recovery. Two Catalysts 
Through May 21 In a recent report, market expert Sam Daodu pointed to two 
catalysts scheduled between now and May 21. His view is that XRP may need more 
than one of those events to come through to clear $1.45. One of the near-term 
drivers Daodu referenced is linked to the “Project Freedom” announced by 
President Trump in the Middle East. If ships are able to move through the 
Strait of Hormuz as planned, oil prices could drop, in Daodu’s view. That kind 
of easing often supports risk assets, and XRP could benefit if crypto follows 
the same bullish tone as the wider market. In this scenario, the relief in 
energy costs would help maintain the current recovery rather than allowing 
gains to quickly fade. Related Reading: DTCC Tokenized Securities Roadmap: 
Pilot In July, Scale Up In October—With Big Names Like Ripple That said, the 
report frames the CLARITY Act as the main catalyst most likely to decisively 
change XRP’s chart behavior—particularly the ability to break and hold above 
$1.45. The reasoning is straightforward: greater clarity around the bill could 
unlock meaningful buying demand. Daodu cites Standard Chartered’s estimate 
that if the bill clears the committee, it could trigger an additional $4 
billion to $8 billion in extra XRP ETF inflows. In his explanation, that 
influx would likely be more than enough to absorb an “overhead” estimate of 
1.16 billion XRP tied to the $1.44–$1.45 cost basis. If that absorption 
happens, it could provide the fuel to push XRP through $1.50 and beyond. XRP 
Three-Way Breakdown Looking ahead, Daodu lays out three possible scenarios for 
XRP over the near term. In the bullish case, XRP could move from roughly $1.50 
to $1.70. This outcome would depend on Project Freedom proceeding without a 
strong pushback from Iran. The bullish scenario also depends on timing around 
the CLARITY Act. Daodu suggests that a scheduled markup before mid-May could 
bring institutional buyers back at a critical moment. If institutional demand 
returns in time to absorb the $1.45 cost-basis wall, XRP could be set up for a 
clean break above $1.45. Once that level is conquered, the report argues that 
$1.50 would come into play and XRP could then target roughly $1.65 to $1.70. 
Related Reading: Market Analyst Predicts Bitcoin And Ethereum Prices For The 
Next 3 Quarters In the base case, the expected path is more cautious. XRP 
would trade in a range of about $1.38 to $1.45, with the most likely outcome 
being a retest of $1.45 again. However, Daodu warns that this retest may not 
be enough to break the pattern of resistance. This scenario assumes that the 
CLARITY Act’s markup is delayed again. The bearish case is tied most directly 
to geopolitical disruption. If Iran retaliates against Project Freedom, Daodu 
says the current rally could unwind quickly. With risk sentiment 
deteriorating, the report expects support around $1.40 to come under pressure, 
potentially giving way to $1.30 as the next major floor. If a direct US–Iran 
conflict escalates again, the bearish scenario becomes more severe, and XRP 
could even drift toward $1.20. Featured image from OpenArt, chart from 
TradingView.com

XRP Near $1.40—What Could Spark A Move To $1.70, And How The CLARITY Act Fits In

US voters ranked crypto last among election priorities in an April poll of 
1,000 registered Americans. Public Opinion Strategies conducted the poll in 
late April on behalf of CoinDesk, surveying 1,000 randomly selected registered 
US voters with a credibility interval…

US voters rank crypto last before midterms

Increased AI model vetting could heighten regulatory challenges, impacting 
innovation and market dynamics amid US-China tech rivalry.
The post White House mulls AI model vetting amid US-China tech tensions 
appeared first on Crypto Briefing.

White House mulls AI model vetting amid US-China tech tensions

World Liberty Financial claimed Sun engaged in defamatory tactics and 
prohibited token transfers, including shorting the WLFI token and conducting 
straw sales on behalf of others.

World Liberty sues Justin Sun for defamation in WLFI dispute

Heightened geopolitical tensions may lead to increased global oil price 
volatility, impacting domestic economies and energy policies worldwide.
The post Iran tensions heighten oil market uncertainty, crude may hit $90 by 
June appeared first on Crypto Briefing.

Diamondback boosts shale output amid Iran conflict, oil prices surge to $120

Comments