The XRP token witnessed a sharp rally last week, surging to a two-month high of $1.55 after the U.S. Senate Banking Committee advanced the CLARITY Act on May 14. However, the momentum faded quickly as short‑term traders booked profits near the $1.50‑$1.55 resistance zone, dragging the price back to around $1.41 by Friday. The pullback, while cooling the exuberance, did not violate key support at $1.36‑$1.38, keeping the broader structure intact.
Behind the price swings, institutional interest continued to build. Italy’s largest bank, Intesa Sanpaolo, disclosed an $18 million investment in the Grayscale XRP Trust, signaling growing confidence among traditional financial players. Ripple’s chief technology officer, David Schwartz, joined the board of the XRP Ledger Foundation, a step that could accelerate development and adoption of the ledger’s planned lending tools, private decentralized exchanges, and zero‑knowledge privacy features.
The CLARITY Act remains the single biggest catalyst. Having cleared the committee, it now heads to a full Senate vote. Should it pass, the bill would likely cement XRP’s status as a commodity—building on Ripple’s 2024 court victory—and could open the floodgates for institutional products and regulated investment vehicles. Data shows that over 332,000 wallets now hold at least 10,000 XRP each, suggesting that large investors continue accumulating during dips.
Separately, market analyst MrCauliman issued a blunt warning to the XRP community, criticizing holders who merely sit on the asset waiting for a price surge. He emphasized that XRP is a working financial tool and urged investors to engage with its ecosystem—using wallets like Xaman, trading on the XRPL’s built‑in decentralized exchange, exploring NFTs and automated market makers, and spending through the Uphold card. “Confidence comes from actively using it, not from watching the chart,” he said, arguing that many opportunities are missed because the community is “consumed by price predictions, influencer opinions, and emotional reactions.” His message adds a layer of introspection to the current market narrative.
Technically, XRP is now oscillating in a tight band between support at $1.36 and resistance at $1.47‑$1.50. The MACD histogram has turned slightly negative, and the ADX remains below strong‑trend territory, confirming the lack of decisive momentum. A clean break above $1.50 could swiftly target $1.60 and $1.72, with a possible push toward the psychological $2.00‑$2.10 area if bullish sentiment builds further. Conversely, a loss of $1.36 would expose the next supports at $1.30 and $1.24, especially if Bitcoin weakness weighs on the broader market. For now, traders appear content to play the range, waiting for the next legislative milestone.
