XRP has joined the broader cryptocurrency market rebound as geopolitical tensions show signs of easing. The reopening of the Strait of Hormuz and potential progress toward ending the Iran-U.S. conflict have improved risk appetite. In this environment, XRP surged, briefly approaching $1.51 on Friday for the first time in nearly a month. Several upcoming catalysts will determine whether this rally builds momentum or fades quickly.
Market expert Sam Daodu notes in a recent report that while XRP’s near-term outlook is promising, it depends on three key dates in the next two weeks.
The first factor is macroeconomic: the possible extension of the Iran-U.S. ceasefire, set to expire on April 22. Daodu links this deadline directly to market risk, suggesting that a resumption of conflict would likely pull the broader crypto market—and XRP—down again.
The second major date concerns U.S. regulation and is critical for XRP’s longer-term recovery: the Senate Banking Committee’s targeted late April markup of the CLARITY Act. Daodu suggests that if the act is delayed beyond May, it could be shelved until 2027, robbing XRP of a major catalyst for 2026.
The third key event is the Federal Open Market Committee (FOMC) meeting on April 28–29. The Fed is widely expected to hold interest rates steady. Daodu argues that while the meeting alone may not significantly move XRP, a combination of disappointing geopolitical and regulatory developments, paired with a hawkish surprise from the Fed, could worsen conditions. The interaction between these events will likely shape the market’s next phase.
Against this backdrop, Daodu outlines three price scenarios for XRP over the next two weeks:
In a bullish case, XRP could trade between $1.50 and $1.90. This would require the CLARITY Act markup to be scheduled before May and the Iran ceasefire to be extended beyond April 22. Reaching the upper end of this range near $1.90 by May would also depend on sustained ETF inflows and continued strength in Bitcoin.
In a base-case scenario, Daodu forecasts XRP trading between $1.35 and $1.50. This assumes the ceasefire is extended, but the CLARITY Act markup is delayed until May.
In a bearish scenario, XRP could fall to a range of $1.15 to $1.30. This would be triggered if the conflict resumes after April 22, sending oil prices above $100 and pressuring the entire crypto market. If Bitcoin also breaks below $70,000, XRP could retest support around $1.15.
At the time of writing, XRP is trading around $1.49, up 10% over the past week and 13% over the past two weeks.
Frequently Asked Questions
Of course Here is a list of FAQs about XRPs potential climb toward 150 and the key dates influencing its move structured from beginner to more advanced questions
Beginner General Questions
1 Why is XRP suddenly in the news and climbing in price
XRPs price is rising due to a combination of renewed optimism in the broader crypto market and specific upcoming events related to its longrunning legal case with the US Securities and Exchange Commission
2 What are the three key dates everyone is talking about
An expert analyst has highlighted three upcoming deadlines in the SEC vs Ripple lawsuit that could significantly impact XRPs price
May 13 2024 Deadline for the SEC to file its final remediesrelated reply brief
May 20 2024 Deadline for Ripple to file its final opposition to the SECs proposed penalties
Sometime after May 20 The judge is expected to issue her final ruling on penalties and injunctions potentially concluding the lawsuit
3 Is 150 a realistic target for XRP
While 150 is a psychological milestone it is a speculative target Reaching it would require a significant bullish catalyst such as a very favorable final ruling in the lawsuit combined with strong overall market momentum Its important to remember that cryptocurrency prices are highly volatile
4 Im new to crypto What is XRP
XRP is the digital asset used on the RippleNet payment network which is designed for fast lowcost international money transfers between financial institutions Its different from Bitcoin which is more like digital gold
Intermediate MarketRelated Questions
5 How could the lawsuit ruling actually affect the price
A ruling seen as a clear win for Ripple could remove a major cloud of uncertainty potentially leading to increased investor confidence relistings on major US exchanges and a price surge An unfavorable ruling could have the opposite effect
6 Is this just hype or is there real substance behind the price move
Its a mix The dates are real legal deadlines which provide substance However the anticipation and speculation around them can create hype and exaggerated price movements Always do your own research