XRP momentum builds as CLARITY Act advances toward vote

XRP has staged a remarkable rebound, climbing toward $1.50 as the CLARITY Act moved into markup phase this week in the Senate Banking Committee. The legislation targets a July 4 passage deadline, and industry observers believe formal commodity classification could unlock institutional demand via a spot XRP ETFExchange-Traded Fund - a basket of securities trading like a single stock.. The narrative is shifting from pure speculation to utility; transaction volume on the XRP ledger jumped 65% over the past 12 months to 71 million transactions per month, with real businesses like Bitstamp, Braza Bank, and JusToken now settling actual payments on-chain.

Retail traders have zeroed in on Thursday as a potential trigger. Multiple posts cite the markup vote as an inflection point; some targets are wildly bullish (predictions of $4 to $30 by year-end), while more sober analysis focuses on $2 to $3 as institutional entry points post-ETFExchange-Traded Fund - a basket of securities trading like a single stock. approval. Rakuten Wallet in Japan just enabled point-to-XRP swaps for 44 million users and 5 million shops, a major retail adoption milestone. XRP funding rates on Binance have turned negative, historically a sign of reset after extreme optimism; some traders interpret this as capitulation and a clean setup for higher prices.

This narrative benefits from broader crypto recovery and the Trump administration's pro-crypto signals. However, sceptics remain: XRP is still viewed by some as a payments rail, not a store of value, and regulatory approval is never guaranteed. The funding rate inversion and consolidation around $1.45 suggest traders are hedging directional conviction. Moreover, if the CLARITY Act stalls or morphs into a narrower bill, the rally could evaporate. Many large holders are also sitting at $1.46 resistance, ready to take profits.

Key watch is whether the markup vote actually proceeds Thursday as expected, and whether the White House's July 4 target holds political weight through a potentially turbulent legislative calendar.