Analyst Jake Claver Says XRP Drop Was Expected as Senate Advances CLARITY-Style Bill
Crypto analyst Jake Claver drew attention after reiterating a prior prediction that XRP would decline — a call that provoked heavy online reaction when first made and appears to be unfolding now as XRP falls to 2024 lows. The move followed increased discussion tying XRP’s price action to U.S. regulatory progress: the Senate Agriculture Committee voted 12–11 to advance a crypto market-structure bill closely aligned with the House-passed CLARITY Act, clarifying the CFTC’s authority over digital assets. Traders view the committee vote as a positive step toward regulatory clarity, which could encourage institutional participation and later bullish momentum for XRP. Analysts characterize the recent price movement as a short-term adjustment linked to regulatory uncertainty; some see the pullback as an accumulation opportunity ahead of potential gains if the CLARITY-style legislation is reconciled and approved. Disclaimer: not financial advice.
Neutral
The news mixes a short-term XRP price decline with a potentially bullish regulatory development. Advancement of a CLARITY-style bill in the Senate Agriculture Committee reduces long-term legal uncertainty by clarifying CFTC authority — a structural positive that tends to support institutional inflows and can be bullish for assets like XRP once finalized. However, the current XRP move is described as a short-term adjustment to regulatory uncertainty; the article notes analyst disagreement and social-media reaction to Jake Claver’s bearish call. For traders, this implies: short-term — increased volatility and potential selling pressure as markets digest legislative developments and sentiment swings; opportunity for swing/accumulation trades on dips if one expects the bill to pass. long-term — if the legislation is reconciled with the House CLARITY Act and becomes law, the legal clarity is likely to be supportive of XRP’s price and institutional adoption, producing a bullish structural backdrop. Similar prior events: regulatory clarifications (e.g., clear exchange or custody rules) have historically reduced volatility and encouraged inflows, whereas regulatory uncertainty has triggered sell-offs. Overall impact is neutral now because the legislative process remains incomplete — positive outcome potential exists, but short-term downside risk and sentiment-driven moves persist.