XRP Price Hinges on Passage of CLARITY Act, Analysts Say

The cryptocurrency market has been waiting with bated breath for the passage of the Digital Asset Market CLARITY Act, a bipartisan bill that aims to establish binding federal definitions for digital assets.

The bill, which has already cleared the House with strong bipartisan support, is currently stalled in the Senate over a dispute on whether crypto platforms should be allowed to offer yield on stablecoin holdings. If passed before the April deadline, analysts project XRP to hit $5-$10.

Despite regulatory wins and institutional partnerships, including the launch of seven spot XRP ETFs and Mastercard integrating Ripple into its payments infrastructure, the price of XRP has barely moved. The market's attention is focused on the CLARITY Act, which could reprice the token dramatically if passed.