XRP nears $1.50 on CLARITY Act approval and renewed whale accumulation
XRP rose toward $1.55 as the US Senate Banking Committee approved the bipartisan “Digital Asset Market Clarity Act” (CLARITY Act) by a 15-9 vote. The bill now heads to procedural merger discussions with a similar Senate Agriculture Committee measure, aiming to reduce crypto regulatory uncertainty.
Traders focused on XRP’s retest of the key $1.50 area. While the broader market also firmed—Bitcoin reclaiming $80,000—analysts pointed to additional demand signals from on-chain data. Whale activity reportedly picked up: large-wallet holdings and long-term concentration rose, with the largest cohort holding a combined 45.83 billion XRP tokens (the biggest haul since May 2018).
Risks remain because the path to final consideration includes further legislative negotiation and potential amendments that could delay enactment or change market-impact provisions. Still, sentiment is constructive: XRP is up about 5% over the past week, even as it remains far below its all-time peak on a year-to-date basis.
For crypto traders, the immediate catalyst is regulatory progress plus whale accumulation, which can increase the odds of a bullish breakout attempt from the $1.50 zone.
Bullish
Bullish bias is driven by a near-term catalyst (a major bipartisan regulatory step) plus supportive flow (renewed whale accumulation). Similar “regulatory clarity” milestones in crypto history often trigger risk-on positioning and tighter spreads as traders reprice policy risk. Here, the Senate Banking Committee’s 15-9 CLARITY Act approval reduces a key overhang for market structure, which can encourage both derivatives activity and spot buying.
For XRP specifically, the $1.50 retest matters because it’s a psychological and technical level. The article ties that retest to on-chain concentration returning (45.83B XRP held by the largest large-wallet cohort since May 2018), which frequently precedes trend continuation if follow-through buying appears.
Short term: traders may push for a breakout attempt above $1.50-$1.55 while watching legislative headlines and any amendments. Long term: if the bill advances smoothly toward full Senate consideration, it could lower compliance uncertainty for payments/adoption narratives tied to Ripple’s ecosystem.
Downside risk remains from the legislative process itself—amendments could dilute perceived benefits or delay implementation—so volatility is likely around further vote dates.