- XRP surged to intraday highs near $1.55 on renewed optimism.
- Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.
- XRP price could target a breakout as the market cheers the regulatory milestone.
XRP climbed to near $1.55 on Friday as the cryptocurrency market reacted positively to the Senate Banking Committee’s approval of the Digital Asset Market Clarity Act. The move sparked renewed optimism for XRP and the sector, with several large-cap tokens posting gains alongside the broader rally.
Among the top 100 coins by market capitalization, Hyperlquid, Flare and XDC Network recorded notable advances. Bitcoin also reclaimed the $80,000 area during intraday trading, while many major altcoins held important support levels that helped reinforce market confidence.
CLARITY Act approval buoys crypto
The U.S. Senate Banking Committee passed the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, representing a significant advance toward an organized federal framework for digital-asset market structure. The bill now moves toward a procedural merger with a related measure in the Senate Agriculture Committee, taking the next step in the legislative process for federal oversight of crypto markets.
Senate Banking Committee Chairman Tim Scott engineered a last-minute process to accept amendments he had earlier resisted, drawing support from two Democratic senators after extended debate. Lawmakers and industry stakeholders noted that outstanding questions remain — particularly around law enforcement access and ethics protections — but many viewed the vote as a positive, bipartisan signal that reduces some regulatory uncertainty ahead of full Senate consideration.
Why could XRP price explode?
Ripple’s token, XRP, has struggled to break decisively above $1.50 in recent weeks but tested that ceiling late Thursday with an intraday peak near $1.55. While the move coincided with a broader market upswing, a large share of the momentum came from the XRP community, which sees the committee vote as a tangible regulatory tailwind.
Early Friday, XRP traded around $1.47. On-chain indicators point to renewed accumulation by large holders: data show growth in big-wallet balances and rising concentration among long-term accounts. That cohort now controls roughly 45.83 billion XRP, the largest aggregated holding observed since May 2018.
A clearer market-structure framework could ease compliance burdens for firms and encourage greater adoption of Ripple’s payment products, potentially increasing demand for XRP. Still, material risks remain: the bill must clear additional legislative steps and could face amendments or delays that temper its near-term impact. Any significant changes could also dilute anticipated benefits for market participants.
Analysts nevertheless suggest the improved regulatory backdrop could support sharper price moves for XRP if momentum continues. The token was up about 5% over the past week, though it has experienced a 20% drawdown year-to-date and remains roughly 61% below its all-time high.
🚨 JUST IN: The CLARITY Act has officially cleared the U.S. Senate Banking Committee, pushing ripple:native one step deeper into the U.S. federal regulatory process. 🇺🇸
For ripple:native, what happens next:
1. The CLARITY Act now moves beyond the Senate Banking Committee and…
— RippleXity (@RippleXity) May 14, 2026