Ripple-promoted cryptocurrency XRP has reportedly emerged as a central focus in a growing list of proposed amendments ahead of Thursday's crucial vote.
XRP rallied as buyers pushed the token to fresh session highs, extending gains after a breakout from consolidation. The move came alongside expanding volume, elevated momentum readings, and optimism after the Senate Banking Committee advanced the CLARITY Act, which Ripple publicly supported. XRP Breakout Signals Renewed Bullish Momentum At 2:27 p.m.
Cryptocurrency markets rallied sharply on Thursday after the Senate Banking Committee delivered a major win for the industry by advancing the long-anticipated CLARITY Act. The market reaction was visible across the largest coins: Bitcoin (BTC) jumped to $81,899 at the time of writing, representing about a 2.7% gain, while XRP led among the top ten cryptocurrencies, surging above $1.50 with gains of more than 6%—a level not seen since March of this year.
Bitcoin climbed back above $81,000 after the Senate Banking committee advanced the Clarity Act, helping boost optimism around improving crypto regulation and institutional adoption. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $81,568.11 Ethereum (CRYPTO: ETH) $2,306.27 Solana (CRYPTO: SOL) $92.80 XRP (CRYPTO: XRP) $1.49 Dogecoin (CRYPTO: DOGE) $0.1158 Shiba Inu (CRYPTO: SHIB) $0.056396 Notable Statistics: Coinglass data shows 179,931 traders were liquidated in the past 24 hours for $674.74 million.
XRP joins Bitcoin, Ethereum, Solana, and Cardano in CME's first market-cap weighted crypto futures contract.
The CLARITY Act cleared the Senate Banking Committee 15-9 Thursday, sending crypto stocks and tokens surging. Democrats Split On Crypto Bill The vote received bipartisan support, with Democratic Senators Ruben Gallego (D-AZ) and Angela Alsobrooks (D-MD) breaking ranks to vote in favor alongside all Republican committee members.
The XRP Ledger (XRPL) is seeing a drastic rise in fraud attempts targeting its users as the network draws more institutional activity, higher transaction volumes, and renewed attention from XRP traders.
XRP briefly surpassed BTC & ETH volumes on South Korean exchanges as the sweeping US crypto bill heads for a Senate markup.
Microsoft's Azure Blockchain as a Service once ran a Ripple validator node, signaling early involvement in Ripple's banking-focused blockchain infrastructure.
Ripple CEO Brad Garlinghouse renewed his pitch for XRP (CRYPTO: XRP) at the XRP Las Vegas conference, coinciding with the launch of an XRP trading pair on a Moscow exchange. Speed, Cost, And Scalability Make XRP Different Garlinghouse said the earliest inventors of XRP Ledger had been contributors to the core of Bitcoin (CRYPTO: BTC) and saw an opportunity to build something specialized to solve a payments problem.
Ripple CEO Brad Garlinghouse has outlined what he believes makes XRP distinct in the digital asset market, pointing to the XRP Ledger's payments-focused design, low transaction costs, short settlement times and long-running community support.