XRP rallied sharply after the U.S. Senate Banking Committee advanced the Digital Asset Market Clarity Act, a major crypto regulation bill that could reshape how digital assets are traded and regulated in the United States. The committee approved the legislation in a 15-9 vote, fueling renewed optimism across the crypto market and pushing XRP above the $1.50 level.
XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin's price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline.
Ripple is approaching its next scheduled XRP escrow unlock, with 1 billion tokens set to be released on June 1 as part of its long-standing monthly process.
The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.
The cryptocurrency market is once again going through one of its most frustrating phases for retail investors. Despite a wave of positive regulatory developments in Washington and historic changes within the United States financial structure, major digital assets have responded with apathy.
Strong ETF inflows could help send the price of XRP higher. More banks and financial institutions are starting to adopt blockchain technology from Ripple (XRP).
XRP is hovering just below a closely watched ‘$1.50' resistance level, putting the token at a technical inflection point as traders weigh improving U.S. regulatory clarity and fresh institutional signals against persistent sell pressure from large holders. As of May 16 at 2:58 a.m.
The advancing CLARITY Act is being seen as a major regulatory breakthrough for XRP holders.
Large XRP wallet holders have amassed tokens at unprecedented levels over the past eight years, yet the cryptocurrency's price continues to trade sideways. Blockchain analytics platform Santiment reveals that addresses controlling a minimum of 10 million XRP tokens now possess a combined total of 45.83 billion tokens—approximately 68.5% of all circulating supply.
Ripple (XRP) is struggling to turn a short-term bounce into a clear trend, with price action slipping back into a tight range after failing to reclaim a key resistance level—an increasingly common pattern in a market still defined by ‘range-bound indecision' rather than sustained momentum. XRP was trading around $1.43 on Friday ET, after repeatedly stalling near the $1.47–$1.48 zone.
Political progress in the U.S. this week has removed the main limiting factor for XRP as the U.S. Senate Banking Committee approved the Digital Asset Market Clarity Act (CLARITY Act). With only final approval of the bill by the full Senate left, it will not only define the status of the token itself, but also legalize the RLUSD stablecoin.
Marex Group's own stock climbed more than 15% in a week after the Nasdaq-listed financial services firm disclosed a combined $9.4 million position across two spot XRP exchange-traded funds, landing it among the top institutional holders of XRP ETF shares in the US.