XRP Surges as Retail Bets On CLARITY Act Advancement
Retail investors on Stocktwits are betting that the CLARITY Act will advance in the Senate this week, driving XRP's strength. The cryptocurrency outperformed Bitcoin and Ethereum after President Donald Trump rejected Iran's latest proposal to end the conflict.
The price of XRP rose over 2% in the last 24 hours, with retail sentiment around the crypto project on Stocktwits strengthening to 'neutral' from 'bearish' territory. The CLARITY Act could lend credibility to Ripple's stablecoin RLUSD if passed.
Retail traders are forecasting that XRP's price could balloon to $10 once the CLARITY Act is passed, with some skepticism about its chances of clearing the Senate this week. Dogecoin and Solana also outperformed Bitcoin and Ethereum on Monday morning.