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▲ Solana (SOL), XRP / AI Generated Image
XRP and Solana (SOL) are maintaining key support levels and signaling explosive volatility ahead of the U.S. Securities and Exchange Commission's (SEC) CLARITY Act roundtable on the U.S. cryptocurrency market structure, scheduled for April 16.
According to CoinGape, a virtual asset media outlet, on April 11 (local time), participants in the virtual asset market have paused, focusing on this roundtable, a critical turning point that will determine the passage of the U.S. cryptocurrency market structure bill. This meeting will discuss clarifying the regulatory jurisdiction of digital assets and incorporating XRP, Bitcoin (BTC), Ethereum (ETH), and Solana into the commodity classification system. Prediction markets estimate the bill's passage probability at 72%, and this event is expected to be the most powerful price catalyst for XRP since the SEC withdrew its lawsuit against Ripple.
XRP is currently maintaining a stable trend, using the Fibonacci 23.6% retracement line near $1.3605 as a support level. Technical analysts believe that a sustained uptrend will be confirmed if XRP breaks through the Fibonacci 38.2% retracement line at $1.5187. In particular, the revelation that global investment bank Goldman Sachs holds a $153.8 million XRP ETF has confirmed strong structural support from institutional investors. The initial price target for a price increase is set at $1.7744, with the lower support line firmly established around $1.32.
Solana is also eyeing an opportunity for a rebound, successfully defending the Fibonacci 23.6% retracement line at $81.89. Solana is currently caught between two conflicting trends: technical weakness and regulatory resolution. However, the elimination of regulatory uncertainty through the U.S. cryptocurrency market structure bill is expected to be a powerful key to price appreciation. The market is weighing the possibility that large-scale liquidity tied to Solana will be released following the roundtable results, leading to a full-blown price surge. As long as the support line holds, upward energy is expected to gradually accumulate.
The progress of the U.S. cryptocurrency market structure bill is a significant milestone that will determine the competitiveness of the entire U.S. cryptocurrency industry, beyond just the prices of individual assets. Key figures, including U.S. Treasury Secretary Scott Bessent, have expressed support for the bill for economic security reasons, making expectations for its enactment higher than ever. Once a clear regulatory framework is established, barriers to entry for institutional investors will be lowered, and the launch of various financial products based on XRP and Solana, following Bitcoin spot ETFs, is expected to accelerate.
The virtual asset market is expected to continue an intense waiting game until just before the April 16th roundtable after this weekend. The high passage probability of 72% acts as a positive signal for investors, but the market direction could diverge sharply depending on the actual outcome of the discussions. Regulatory news emerging as XRP and Solana hold their respective key support levels has the potential to be a powerful catalyst that will change the paradigm of the altcoin market in the first half of 2026.
*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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