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As XRP (Ripple) faces a pivotal week, the upcoming vote on the CLARITY Act by the U.S. Senate Banking Committee, scheduled for the 14th, is expected to be a 'deadline of destiny' that will determine whether its price experiences an explosive surge or a sharp decline.
According to investment specialized media TradingNews on May 11 (local time), XRP (Ripple) is currently trading around $1.4486 and has entered a consolidation phase after surging over 6% last Sunday. This rise temporarily broke the $1.50 upper bound of the boring two-month-long sideways trading range, garnering significant market expectations. In particular, with Senator Tim Scott, Chairman of the Senate Banking Committee, confirming May 14 for the markup of the long-delayed U.S. cryptocurrency market structure bill, the CLARITY Act, XRP has gained strong momentum through institutional benefits, beyond a mere technical rebound.
On the technical charts, a very positive 'Inverse Head and Shoulders (H&S)' pattern has entered its completion phase. This is a typical trend reversal signal, and experts predict that if the $1.45 neckline is firmly broken, it could quickly surge to $1.58. The Moving Average Convergence Divergence (MACD) has recorded a golden cross on the 4-hour chart, and the Relative Strength Index (RSI) is also at a healthy level of 63, supporting the upward trend without overheating. If this bill review passes, the long-standing debate over XRP's security status, which has suppressed it for years, would be completely resolved by federal law, making it highly possible for XRP to surpass the 200-day moving average of $1.72 and enter the $2 range in the long term.
The pace of institutional capital inflow is also remarkable. The XRP spot ETF, launched last November, has accumulated $1.32 billion in inflows to date, with total assets under management (AUM) reaching $1.53 billion. Institutional investor interest remains strong, with a net inflow of $28.1 million in early May alone. Furthermore, the decentralized prediction market Polymarket estimates a 62% chance of the CLARITY Act being finally passed by 2026, suggesting that this Thursday's review will be the first hurdle to confirm that possibility.
However, the strong resistance zone between $1.51 and $1.57 presents a short-term burden. Since February, the uptrend has been halted four times in this range, so there is a high risk of another correction without significant positive news this time. If the bill's passage is thwarted by banking opposition during the May 14 review, or if there is no significant progress before the Memorial Day (May 21) recess, a wave of sell-offs could threaten the $1.30 support level. In the worst-case scenario, if institutional momentum is pushed back to the next Congress in 2030, pessimism suggests a potential fall to $0.53.
In conclusion, XRP stands at a crossroads this Thursday: either embarking on a grand journey towards $8 or returning to a boring period of stagnation. Geoff Kendrick, an expert at Standard Chartered, even set an audacious target price of $8 by the end of 2026, assuming the CLARITY Act passes and ETF inflows continue. As of now, it is advisable to confirm the trend support level of $1.4420 and respond with staggered purchases, while preparing for sharp volatility depending on the May 14 vote results.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.
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