The CLARITY Act has officially passed its Senate Banking Committee vote, marking a significant milestone for cryptocurrency regulation in the United States. As reported by AMBCrypto, this development represents the culmination of years of patience, research, and holding strong by the XRP community. The passage of this landmark legislation is expected to move the future of crypto regulation forward in the United States, with analysts projecting that XRP could move toward $1.65-$1.80 if the bill continues to advance through Congress. However, if the markup stalls or gets pushed past the Memorial Day recess on May 21, the bill will most likely be shelved until 2030, potentially sending XRP back to $1.30.
According to on-chain data reported by AMBCrypto and Santiment, wallets holding at least 10 million XRP tokens collectively hold 45.8 billion tokens worth over ₹5,400 crore ($68.5 billion). This represents the highest whale accumulation since May 2018, with these whale wallets now holding 68.5% of the overall XRP supply. The current whale demand levels translate to a record high in the last eight years, indicating unprecedented institutional interest in the cryptocurrency as XRP eyes the ₹1.50 ($1.5) level. Recent technical analysis by CryptoAppsy and ChartNerd suggests XRP may be forming a "cup and handle" pattern near $1.50, with potential targets of $8 and $27 if the breakout holds.
As reported by AMBCrypto, U.S. Spot XRP ETFs currently hold only ₹10,400 crore ($1.25 billion) in total assets, representing a fraction of the whale holdings. The whale accumulation trend accelerated in late 2025, coinciding with strong ETF inflows following the products' debut during the crypto winter in November 2025. However, ETF demand has since tapered off during the Christmas holidays and remained stagnant throughout 2026, with the same muted ETF demand trend reflected in the on-chain whale demand. XRP spot ETFs snapped their longest inflow streak of 2026 after 20 straight trading days with no outflows between April 10 and April 29, pulling in about $82 million in total. The run ended on April 30 with a $5.83 million outflow, and XRP quickly slipped back below $1.40.
According to AMBCrypto analysis, XRP has struggled to break above ₹120 ($1.5) since Q2 began, remaining range-bound between ₹108-120 ($1.3-1.6) in the first half of 2026. Options traders on Deribit are pricing only a 2% chance that XRP could clear ₹160 ($2) by the end of May, further underscoring low market expectations for a bullish breakout. However, technical analysis suggests XRP is trading at $1.47, hovering close to its critical resistance at ₹1.50 ($1.5). The cryptocurrency remains well above the Fibonacci 0.5 marker at $0.89, which serves as crucial support in the Gaussian Channel. AI models from ChatGPT and Claude AI both expect XRP to retest $1.30 before any clean push above $1.50, with ChatGPT projecting a range of $1.30-$1.45 over the next four to six weeks. The problem lies in heavy selling pressure around $1.44-$1.45 price levels, where roughly 36.8 billion XRP (about 60% of circulating supply) is held near cost basis, creating a strong resistance wall.
