XRP Price Outlook…Attempt to Break $1.55 Amid Expectations of CLARITY Act Passage

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XRP (Ripple) is once again attempting to break past $1.50, driven by expectations of easing regulatory uncertainty in the US and an influx of institutional funds. In the market, there is growing anticipation that progress on the US cryptocurrency market structure bill, the CLARITY Act, could lead to a mid-to-long-term re-evaluation of XRP's value.

According to investment media outlet FXLeaders on May 15 (local time), XRP is currently trading around $1.4759, up approximately 0.77% on the day. The market views the US Senate Banking Committee's passage of the CLARITY Act, the US cryptocurrency market structure bill, with 15 votes in favor and 9 against, as a key positive factor. This bill contains provisions to clarify the regulatory framework for digital assets, and there is also discussion about the possibility of XRP being classified as a commodity in the future.

Institutional fund flows are also improving. The XRP spot ETF recorded a net inflow of $25.8 million on May 11, the largest daily inflow since January this year. The cumulative inflow has also exceeded $1.35 billion. Market analysis suggests that the recovery of institutional investors' confidence is supporting the rebound in XRP's price.

Ecosystem growth also continues. The XRP Ledger (XRPL) maintains a steady increase in transaction volume and an expansion in the number of wallets, while Ripple is accelerating the expansion of enterprise solutions such as the RLUSD stablecoin and cross-border payment platforms. The media evaluates that with the lawsuit issue with the US Securities and Exchange Commission (SEC) largely entering its final phase, regulatory clarity and expanded real-world use cases are emerging as key strengths for XRP.

Technically, an upward trend is being maintained. XRP has broken through the moving average resistance around $1.454 and the ascending trendline on the 2-hour chart. The price has consistently set higher highs and higher lows within an ascending channel since the low of $1.3439. The Relative Strength Index (RSI) has also risen above the neutral zone to over 60, indicating a strengthening buying momentum.

The media identified the short-term key resistance zone as $1.5049 to $1.5498. Conversely, it analyzed that the zone between $1.4542 and $1.4349 will act as a major support level on the downside. The market anticipates that if XRP maintains a price above $1.478, it could attempt to break $1.50 and open up possibilities for further upward movement.

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