XRP Awaits CLARITY Act Vote as Bulls Eye $2 Target
XRP is bracing for a crucial vote in the US Senate on the CLARITY Act, which could provide even more regulatory certainty for the asset. The bill aims to establish a durable statutory framework dividing oversight between the SEC and CFTC and provide clearer rules for digital-asset intermediaries.
XRP surged from under $1.35 to $1.50 on Monday, but was rejected at that level. It remains close to $1.40 ahead of the vote, which is expected to be held shortly after 2 p.m. ET today.
Analysts are bullish on XRP's prospects if the bill passes, with some predicting a breakout above the $1.50 area could open the door towards $1.60 and ultimately $2.00. However, holding onto its current level of $1.40 is crucial for preserving the broader bullish structure.