US Senate votes on CLARITY Act crypto regulatory framework; XRP surges to three-week high of $1.50 on bullish sentiment.
Regulation & Gov ·
XRP climbed from below $1.35 to $1.50, reaching a three-week high as the broader crypto market advanced ahead of a US Senate vote on digital-asset legislation. The Senate was expected to vote on cloture for the CLARITY Act, which would establish a regulatory framework for crypto assets, though the vote was not a final passage. The cloture motion requires 60 votes to advance the bill to formal debate, meaning Republicans need support from several Democrats or independents while avoiding defections within their own party.
The CLARITY Act would divide oversight of digital assets between the SEC and CFTC and create clearer rules for intermediaries, marking a shift for XRP after years of regulatory uncertainty during Ripple's litigation with the SEC. Multiple analysts expressed bullish sentiment, identifying resistance levels at $1.74–$1.78 and a potential target of $2.00 if upward momentum persists. Support near $1.38–$1.40, currently being tested, was flagged as critical to maintain the broader bullish structure.
What remains unclear is how the Senate vote will proceed, with Democrats having sent a counterproposal despite Republicans calling their revised version "best and final." The outcome of the cloture vote will determine whether the CLARITY Act advances to formal debate, leaving XRP's near-term price action dependent on legislative momentum.