May 21st Could Be an Important Day for XRP Holders as Global Tensions Heat Up

The cryptocurrency market has been full of ups and downs lately, and for XRP holders, May 21st could be an important day to watch.

The cryptocurrency market has been a rollercoaster ride lately, especially for those holding XRP. As May 21st approaches, many are wondering what the day holds and if we'll finally see XRP soar to new highs or continue its downward spiral.

While no one has a crystal ball and market predictions can be tricky, analyst Levi explained that there are a few reasons why this date has people buzzing.

Recently, tensions between the US and China over trade deals have been making headlines. Both countries agreed to lower tariffs but then quickly clashed again. China is now threatening to retaliate against US export controls, especially for computer chips, a move that could have major implications for global markets—from stocks and bonds to cryptocurrencies like XRP.

When political and economic tensions between large countries escalate, it usually destabilizes markets, making traders and investors more skittish than usual. In such a scenario, cryptocurrencies like XRP tend to be affected as they are also a product of the global financial system.

Amid this backdrop, XRP has shown significant price fluctuations. Following recent gains, the token dropped nearly 4% in the past 24 hours, erasing a 3% rise from the previous day.

Crypto analysts are keeping a close eye on the next 48 to 72 hours, especially for a potential market bottom in XRP. Many traders are employing a “buy-the-dip” strategy during these red days, hoping to capitalize on a rebound if the historical patterns hold.

The price action in the $2.31 to $2.15 range will be crucial. If the price reacts strongly and moves up from this area, it would be a positive sign. The next important resistance to monitor is at $2.61. A breach above that level could set the stage for a move toward higher levels, like $3.30+ (the all-time high). However, a drop below $1.79 would be more bearish and could indicate even lower prices—though that scenario is not anticipated at the moment.