As the CLARITY Act approaches a make-or-break Senate showdown, XRP hijacked $1.32 billion in Wall Street cash to drive its strongest price rally in several months. Today, the XRP token (XRP-USD) is trading around $1.45 as investors scramble to position themselves before a massive decision in Washington.
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This movement comes after the asset saw a sudden 6% jump, showing that the market is ready for a major change in how the government treats digital money.
Senate Banking Chairman Schedules the Markup
Senate Banking Chairman Tim Scott has officially put the CLARITY Act on the calendar for Thursday, May 14, at 10:30 AM EST. This event ends a long wait for investors and signals that the government is finally ready to vote on the bill.
If the law passes, it will permanently label XRP as a digital commodity, making it much harder for any future agency to challenge its legal status. Lawmakers are feeling the pressure to finish this work before the upcoming Memorial Day break on May 21.
Wall Street Provides the XRP ETF Inflows
The recent rise in price is backed by a massive amount of money coming from big financial firms. Since late 2025, XRP ETFs have gathered $1.32 billion in cash from professional investors. These big players now drive about 77% of the money moving into these funds every week. This steady flow of capital shows that institutional buyers are betting heavily that the new law will be a success.
At the time of writing, XRP’s price is sitting at $1.4508.
