XRP's CLARITY Act Hinge

XRP's path to reaching $2 in value is uncertain, but it will depend on whether the US Senate passes the CLARITY Act. According to a recent analysis by CryptoSlate, nearly 75% of XRP's realized capitalization is concentrated in coins that last moved six months to two years ago.

The average realized prices of these coins start above $2, leaving the market's largest cost-basis cohorts below their modeled entry levels while XRP trades in the mid-$1.40s. A rally toward $2 would approach the average cost of the cohorts carrying most of XRP's realized value, giving the market a chance to show whether those coins remain dormant or move more actively as modeled losses shrink.

A concentrated cost zone sits above XRPGlassnode's Sept. 6 realized-cap snapshot placed over $39.2 billion in the six-to-12-month XRP cohort and $27.5 billion in the one-to-two-year cohort. Together, the two groups represented 72.6% of the network's realized capitalization.

The Senate's action on the CLARITY Act will be closely watched for its potential impact on XRP's price. A positive response to progress in Congress could reflect expectations for the broader US framework around digital-commodity trading and intermediaries.