CLARITY Act Passage Imminent? Will XRP Break Through $1.50 After Regulatory Shackles Are Removed?

▲ Ripple (XRP) © Go Da-sol

Amid expanding volatility in the overall virtual asset market, XRP (Ripple) is preparing for a rally, holding onto key support levels, bolstered by progress in new regulatory legislation and robust institutional capital inflows.

According to investment media FXLeaders on April 20 (local time), XRP is trading in a narrow range between $1.30 and $1.40, firmly defending the key support level of $1.30, even amidst the market's overall downward trend. While April is typically considered a positive month for XRP, a significant upward momentum has not yet materialized this year due to macroeconomic uncertainties.

The most powerful catalyst currently driving the XRP market is regulatory clarity. Investors are closely watching the potential passage of the CLARITY Act, a U.S. cryptocurrency market structure bill that may be reviewed by the U.S. Senate Banking Committee in late April. If this bill progresses, it is expected to remove regulatory uncertainty, leading to an explosive increase in demand as more financial institutions adopt XRP for cross-border payments.

The inflow of institutional funds also supports a positive outlook. The XRP spot ETF, launched in late 2025, has attracted a massive $1 billion to $1.4 billion so far, providing strong support for the price floor. Additionally, technical upgrades to the XRP Ledger ecosystem, such as the introduction of zero-knowledge proofs and lending protocols, are strengthening long-term fundamentals.

From a technical analysis perspective, on the 4-hour chart, XRP encountered resistance at the Fibonacci 0.236 level of $1.47 and is currently consolidating around $1.419. The current price is finding support in a strong demand zone where the Fibonacci 0.618 retracement level and the uptrend line converge, between $1.411 and $1.430. While recent candles show short bodies, indicating market direction-finding, a short-term upward view remains valid if $1.41 and the uptrend line are maintained.

Experts analyzed that the Relative Strength Index (RSI) is hovering between 45 and 50, indicating that selling pressure is gradually weakening. If XRP breaks through the Fibonacci 0.382 resistance level of $1.449, it could challenge the $1.50 mark again after passing $1.472. The media suggested a short-term trading strategy to consider buying if it breaks above $1.435, with a stop-loss set below $1.405.

*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.*