XRP near $1.35 as CLARITY Act returns to Congress
XRP around $1.35 on April 11 after a slight daily rise and about a 3% weekly gain, as traders wait for the US Congress to reconvene on April 13. The XRP CLARITY Act is expected to re-enter the agenda, with the Senate Banking Committee possibly reviewing amendments before any next vote. Because XRP often reacts quickly to US crypto regulation headlines, the next legislative updates could drive near-term volatility.
Market sentiment remains split between policy timing and technical positioning. A longer-term outlook from EGRAG CRYPTO highlights harmonic-based XRP targets, ranging from $4–$7 to larger expansions at $13 and $27, plus “system shift” and macro repricing scenarios near $225 and $100.
Traders are also focused on the bill’s broader momentum: analysts linked committee progress to potential XRP ETF inflow upside, while lawmakers’ remarks raise timing pressure around the May window. Net: XRP may stay headline-driven through April 13, with the Senate Banking Committee phase acting as the key catalyst.
Neutral
The core driver is regulatory timing: XRP is likely to remain headline-sensitive as the CLARITY Act returns during the April 13 Congressional return and as the Senate Banking Committee may mark up amendments. This can create short-term volatility, but the direction depends on whether expectations improve or slip. On the upside, prior views tying committee progress to potential ETF inflow gains can support bullish positioning. However, timing pressure around the May window and the possibility of delays mean the same catalyst can also disappoint and keep price range-bound. The long-range harmonic targets cited by EGRAG CRYPTO are directional, but they are not a near-term setup, so they mainly influence sentiment rather than immediate trading signals.