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XRP price nears $2 breakout as US Senate advances CLARITY Act, boosting bullish outlook and whale accumulation.

Market News
15 May 2026
Crypto news
View Source
Bullish
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XRP price has consolidated near a key breakout zone after the US Senate Banking Committee advanced the CLARITY Act, which could classify XRP as a digital commodity and attract institutional investors. Whale wallets holding over 10 million XRP hit an eight-year high, while exchange supply dropped to a seven-year low, signaling strong accumulation and reduced sell-side liquidity. Technical patterns like a rounded bottom and cup-and-handle on the weekly chart suggest a potential breakout above $2, which could lead to a rally toward $2.80–$3. However, XRP faces resistance near $2 and needs stronger volume to confirm a sustained uptrend. Failure to hold current support around $1.40–$1.45 could lead to a pullback toward $1.25.

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