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Senate's CLARITY Act clears XRP for a potential breakout to $2 amid regulatory clarity and partnerships.

Market News
16 May 2026
UToday
View Source
Bullish
pluang ai news

The U.S. Senate Banking Committee approved the Digital Asset Market Clarity Act (CLARITY Act), removing regulatory hurdles for Ripple's XRP and its RLUSD stablecoin. This legislation clarifies rules for dollar-backed tokens, enabling Ripple to expand RLUSD use in cross-border payments. Investor optimism is boosted by Ripple's pilot project with JPMorgan and Mastercard using tokenized U.S. Treasury bonds on the XRPL network. Technically, XRP is close to breaking out above $1.50, potentially reaching $2.03 if the rally confirms, signaling a return to a bullish trend.

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