XRP Climbs After CLARITY Act Progress, But Full Senate Approval Still Seen as Key Bullish Trigger

XRP rose above $1.50, gaining about 5% in a day and 7.6% on the week, after the U.S. Senate Banking Committee advanced the Digital Asset Market CLARITY Act in a 15–9 vote. The move placed XRP ahead of Bitcoin and Ether in short-term performance as traders reacted to the regulatory signal. But on the other side $XRP is down 4% in todays liquidatiion as $BTC drops below $78k.

The bill still faces several steps, including merging with the Agriculture Committee version, a full Senate vote, House reconciliation, and a final signature from the president. Senator Cynthia Lummis said most of the bill already has agreement, while Senator Elizabeth Warren raised objections to parts of the process. The Memorial Day recess is seen as a key timing pressure.

Regulation, ETFs, and institutional demand drive sentiment

XRP’s move is closely tied to its history with the SEC lawsuit against Ripple in 2020, which blocked institutional access for years. Although a 2023 ruling by Judge Analisa Torres helped clarify secondary-market trading, investors still want full federal clarity.

Ripple CEO Brad Garlinghouse called the vote “the moment,” saying the industry needs equal rules with other asset classes.

Spot XRP ETFs recorded $25.8 million inflows, the strongest since January, bringing total inflows to $1.35 billion. XRP Ledger activity is also rising, with over $3 billion in tokenized assets and $560 million DeFi TVL, supported by pilots with JPMorgan, Mastercard, and Ondo Finance.