XRP Price Rises 2% as Regulatory Catalyst Drives Rally
Ripple (XRP) price rose 2% to $1.42, outpacing a flat Bitcoin, driven by regulatory optimism following the U.S. Senate’s advancement of the CLARITY Act.
The U.S. Senate Banking Committee approved the Digital Asset Market Clarity Act on May 16, reducing long-term uncertainty for XRP.
The primary driver is progress on U.S. crypto regulation. The Senate Banking Committee advanced the CLARITY Act in a 15–9 vote last week.
This bill aims to clarify digital asset classification, a critical issue for XRP given its history with the SEC. The news sparked a rally that briefly pushed XRP above $1.50, only for profit-taking to set in.
Regulatory de-risking is a key bullish narrative for XRP, attracting buyers who anticipate reduced legal uncertainty.
Also, institutional demand appears to be persistent. XRP ETFs recorded their strongest weekly inflow of 2026 at $60.5 million, contrasting with outflows from Bitcoin and Ethereum ETFs. This suggests some investors are accumulating on regulatory optimism.
Sustained ETF inflows can provide underlying support and tighten supply, even during range-bound price action. Technically, XRP is consolidating with a neutral bias.
The Relative Strength Index at 49.18 shows muted momentum, and price is trapped between key support at $1.38–$1.36 and resistance at $1.48–$1.52. The 200-day average near $1.73 remains a distant ceiling.
The immediate trend is neutral and range-bound. A decisive break above $1.48 on high volume is needed to signal a bullish shift. FX Challenges Force Dangote Out of Flour, Textile Businesses
