Crypto
XRP Price Hovers Near $1.45 as ETFs Soar and Clarity Act Vote Looms
XRP's price has surged to $1.45, up 37% over the past month and 5% in the last week. To reach its goal of $2 by year-end, XRP needs a further 38% increase.
The XRP ETFs took in a record $110.49 million in the week ending August 28, pushing cumulative inflows to over $1.66 billion. This influx of funds has reduced the supply available on exchanges and could continue to support the price.
A Senate cloture vote on the CLARITY Act is scheduled for September 15, which would split federal oversight between the SEC and CFTC. If passed, this could define a clear regime for tokens like XRP and potentially lift its price. However, if the vote fails, the bill could be rescheduled, removing the catalyst supporting XRP's recent rally.