"Time to move money has come"...Bitcoin and XRP, direction confirmation imminent

▲ Bitcoin Cash (BCH), XRP / ChatGPT generated image

Bitcoin (BTC) and XRP have entered a critical juncture that will determine the market's direction, ahead of the US Cryptocurrency Market Structure Bill (CLARITY) roundtable scheduled for May 2026.

According to CoinGape, a cryptocurrency specialized media outlet, on May 1 (local time), the global virtual asset market recently rose by approximately 1.26%, recovering a market capitalization of $2.57 trillion, with major altcoins such as XRP and Solana (SOL) also showing a concomitant rebound.

The market is pointing to regulatory expectations as the key variable for this surge. The US Securities and Exchange Commission (SEC) is scheduled to hold a roundtable on the cryptocurrency market structure bill in May 2026, and the Senate Banking Committee is also pushing for a markup of the bill, increasing the likelihood that institutional regulatory directions will materialize. Investors are closely watching the impact of these discussions on institutional capital inflow and market stability.

Bitcoin is maintaining strong support and driving the market. The price rebounded from around $77,000. If it continues to maintain the $76,500 range, there is a possibility that it will attempt to break through the $78,000-$79,000 resistance zone again. If it breaks through this zone, a scenario of entering $80,000 is also open. On the other hand, there are warnings that additional selling pressure may occur if the support line collapses.

XRP is relatively maintaining a box-range trend and exploring its direction. In the short term, whether it breaks through $1.40 is identified as a key variable, and analysis suggests that if it breaks above this zone, there could be room for an increase to $1.45 and $1.50. Conversely, if it falls below $1.35, further correction to the $1.30s is discussed. The RSI indicator is below 50, indicating limited upward momentum.

Ultimately, the key variable for the market is regulatory clarity. If discussions on the cryptocurrency market structure bill lead to concrete policy directions, there is a possibility of increased institutional investment and strengthened market stability. Conversely, if discussions are delayed, uncertainty will expand, and volatility may increase again. While Bitcoin's solid performance supports the overall market, XRP's direction is likely to diverge significantly depending on the regulatory outcomes.

*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.*