XRP Price Surges Amid Whales' Buying Pressure and Falling CLARITY Act Odds
XRP's price has risen by 3.77% to $1.43 on September 9, despite decreasing odds of the CLARITY Act bill passing in 2026.
On-chain data shows a widening whale-retail spread, with whales making more transactions than retail traders.
Data from CryptoQuant indicates that XRP's whale-retail spread has increased to 45.8%, while Binance has seen an increase from 35.6% on July 28 to 36.3% on September 9.
The reduced odds of the CLARITY Act bill passing come as Senate Republicans warn that the White House must approve the ethics text for it to succeed.