XRP is pressing against a critical resistance zone with the Senate Banking Committee’s CLARITY Act markup scheduled for today, and traders are watching every tick.
The token was last trading at $1.47, up 2.5% in the last 24 hours after briefly dipping to $1.43, with the breakout level at a confirmed daily close above $1.50 drawing intense focus.
What happens in the next few hours could define XRP’s trajectory for the rest of the quarter.
The Senate Banking Committee, chaired by Tim Scott, scheduled the CLARITY Act markup for May 14 at 10:30 AM EST, a bill that would codify XRP’s commodity status into federal law following the SEC-CFTC joint ruling of March 17, 2025.
Over 120 crypto firms urged Senate passage in April, and community sentiment is running hot, with analyst noting: “The CLARITY Act markup becomes the setup.”
XRP rallied 6%+ on Sunday. By Monday it was back below $1.45, losing 1.6%.
Same ceiling that’s held since February.The reason for the spike is simple: Senate Banking scheduled the CLARITY Act markup for Thursday, May 14. Polymarket has the bill passing in 2026 at 62%. If it… pic.twitter.com/PXv3Zmev1e
— Damian Chmiel (@ChmielDk) May 11, 2026
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