XRP's Price Hopes Ride on US Senate Action

XRP's path back to $2 hinges on the Senate passing the CLARITY Act. The act, which aims to clarify digital asset market structure and regulation, is set for a procedural test in the Senate.

Nearly 75% of XRP's realized capitalization is concentrated in coins that last moved six months to two years ago, with an average realized price above $2.

This creates a concentrated cost zone above XRP, making it crucial for the market to show whether these coins remain dormant or move more actively as modeled losses shrink.

The Senate's action is not just about regulation; it could also reflect expectations for the broader US framework around digital-commodity trading and intermediaries.