The cryptocurrency market has been filled with ups and downs recently, and for XRP holders, May 21 could be an important day to watch. Many are asking - what is so special about May 21? Is XRP about to rise, or will it drop? While no one can predict the market with complete certainty, analyst Levy stated that there are some reasons that have people talking about this date. Global tensions affecting the markets Recently, tensions between the United States and China have been heating up over trade deals. Both countries agreed to temporarily lower tariffs, but disagreements soon followed. China is now threatening to retaliate against U.S. export controls, especially those involving semiconductor supplies. This situation is affecting 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 respond to these global shifts. How does this affect XRP? Amid this uncertainty, XRP has been particularly volatile. After recent gains, the token has declined nearly 4% in the last 24 hours, resulting in a 3% increase from the previous day. Crypto analysts are now closely watching the next 48 to 72 hours, anticipating a potential 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 significant. If the price reacts strongly and moves away from this area, it would be a good sign. The next important resistance to watch is at $2.61. A break above this could open the way to higher levels, such as $3.30+ (all-time high). A drop below $1.79 would be more bearish and could indicate further price declines - although this is not expected now.
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