XRP is currently trading in a tight range around $1.34–$1.35, as the market pauses ahead of a potentially decisive moment in U.S. crypto regulation.
The focus is squarely on the Digital Asset Market CLARITY Act, which is expected to move forward once the US Senate returns from recess on April 13. A markup by the Senate Banking Committee is anticipated later in the month, making this a key near-term catalyst.
For XRP, the stakes are unusually high. If passed, the legislation could formally classify the token as a digital commodity, removing long-standing regulatory uncertainty. That clarity is exactly what large institutions have been waiting for.
Analysts—including those at Standard Chartered—suggest that approval could unlock $4–$8 billion in new ETF inflows, adding to the $1.44 billion already invested in XRP-related funds since late 2025.
The situation is time-sensitive. Brad Garlinghouse has already pushed expectations for passage toward late May, while policymakers like Scott Bessent have urged Congress to act quickly due to limited legislative calendar space.
For now, XRP’s price action reflects a “wait-and-see” market:
- Traders are holding positions rather than making directional bets
- Price is reacting more to policy expectations than technical signals
- A binary outcome (pass or delay) could trigger a sharp move
In short, the $1.34 level is acting as a holding zone—but the next major move will likely depend less on charts and more on what happens in Washington.
