XRP is pressing against a critical resistance zone with the Senate Banking Committee’s CLARITY Act markup scheduled for today, and traders are watching every tick.
The token was last trading at $1.47, up 2.5% in the last 24 hours after briefly dipping to $1.43, with the breakout level at a confirmed daily close above $1.50 drawing intense focus.
What happens in the next few hours could define XRP’s trajectory for the rest of the quarter.
The Senate Banking Committee, chaired by Tim Scott, scheduled the CLARITY Act markup for May 14 at 10:30 AM EST, a bill that would codify XRP’s commodity status into federal law following the SEC-CFTC joint ruling of March 17, 2025.
Over 120 crypto firms urged Senate passage in April, and community sentiment is running hot, with analyst noting: “The CLARITY Act markup becomes the setup.”
XRP rallied 6%+ on Sunday. By Monday it was back below $1.45, losing 1.6%.
Same ceiling that's held since February.
The reason for the spike is simple: Senate Banking scheduled the CLARITY Act markup for Thursday, May 14. Polymarket has the bill passing in 2026 at 62%. If it… pic.twitter.com/PXv3Zmev1e— Damian Chmiel (@ChmielDk) May 11, 2026
Polymarket passage odds currently sit between 62% and 72%. Spot XRP ETFs have absorbed $34.2M in inflows this week alone, pushing total AUM toward $1.5B since their November 2025 launches, the strongest single-day intake since January 5.
The confluence of on-chain accumulation data, institutional product flows, and a live legislative catalyst puts XRP at one of its most technically loaded junctures in months.
Xrp (XRP)24h7d30d1yAll time
Can XRP Price Hit $1.80 This Week?
XRP recently broke $1.47 on the heaviest volume in weeks. That level had rejected the token 4 times this month.
This is not noise. On-chain data backs the move. Wallets holding 10,000 or more XRP have reached a record 332,230, signaling steady accumulation even as broader whale counts show some rotation. The bid has conviction behind it.
Immediate resistance lies between $1.50 and $1.60. The 200-day moving average at $1.80 is the next meaningful magnet above that. Key support sits at $1.28 with the $1.20 floor below it.
A clean CLARITY Act markup pushes XRP above $1.50 on strong volume, targeting $1.60, then the $1.80 to $1.85 range.
Standard Chartered is projecting $8 on full passage with $10 billion in ETF inflows materializing by year-end.
A disappointing or delayed markup fails to hold $1.40 and reopens a slide toward $1.30, potentially $1.20. A broad risk-off wave accelerates that move fast.
The setup is clean. The clock is ticking. If today’s session closes without a confirmed break above $1.50, momentum stalls, and the range trade resumes.
Maxi Doge Could Have 1000x Potential and Smart Money are Buying
XRP’s potential move to $1.80 is compelling, but at a $7B+ market cap, even a 25% gain requires significant institutional capital deployment.
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The presale has raised $4,777,373.15 at a current price of $0.0002818, with dynamic staking APY available to participants.
Trader attention has been building steadily as the XRP regulatory narrative draws broader crypto interest. As with any presale, liquidity risk and execution uncertainty are real – position sizing matters. Those running their own numbers can
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The post The CLARITY Act Vote Is Today, And XRP Just Broke a Level That Rejected It 4 Times This Month appeared first on Cryptonews.
