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Ripple CEO Says Crypto Will Win With or Without Clarity Act

Ripple CEO says crypto will thrive with or without Clarity Act congressional approval

A prominent debate has emerged within the cryptocurrency community after Newsmax television host Carl Higbie discussed the prospective impact of the CLARITY Act in a video circulated on X by the crypto commentator JackTheRippler.

Senate to Address CLARITY ActHigbie stated that the United States Senate is scheduled to consider the CLARITY Act next week, though he recognized there remains uncertainty about the exact timing. The proposed legislation aims to bring more regulatory clarity to digital assets, which has long been a request from both investors and financial institutions.

During his appearance, Higbie emphasized that, if approved, financial regulations provided by the CLARITY Act could lead to a dramatic increase in institutional investment. He suggested that traditional banks and major financial players could rapidly inject funds into the cryptocurrency market following the legislation’s passage.

Highlighting the possible effects, Higbie remarked that banks could “shift trillions into this market overnight.” He suggested that many large funds, pension plans, and other institutional investors avoid crypto due to regulatory ambiguity, and this law could potentially open the sector to them.

If the Senate passes the CLARITY Act, overnight transfers from banks could exceed $30 trillion, and thousands of people could become millionaires, including those with modest holdings.

JackTheRippler amplified these predictions through social media, describing the possible outcome for investors as “life changing money.” His post suggested that the arrival of such capital could profoundly benefit existing cryptocurrency holders, particularly in $XRP.

Questions About the Legislative Process and MagnitudeObservers within the community have raised doubts regarding the immediate effects depicted in Higbie’s statements. Legal commentator Kerry Hornick pointed out on X that the expected Senate action might not be the final approval of the CLARITY Act but instead a procedural vote to allow the legislation to proceed. Hornick emphasized the necessity for readers to investigate Senate processes, cautioning that passing a procedural vote does not guarantee the law will be enacted.

The CLARITY Act would still require further legislative steps before becoming law, meaning any associated capital inflows described are not automatic or guaranteed following the initial vote.

Mini dictionary: CLARITY Act, a proposed US legislative initiative aimed at providing clear regulatory guidelines for digital assets and cryptocurrencies to promote transparency and attract institutional investment.

Debate Over Millionaire ProjectionsAdditional skepticism emerged from users who questioned the suggested wealth creation effect shared in the broadcast and post. Commenter Larry13 took issue with Higbie’s proposal that individuals holding small amounts of cryptocurrency could become millionaires overnight should the CLARITY Act pass.

Larry13 referenced the current price of Bitcoin at $77,000, calculating that a $10,000 investment would need to increase by a factor of 100 to reach $1 million, as opposed to a 10-fold gain. This perspective challenges the direct link between institutional capital inflows and extraordinary returns for individual retail investors.

Even dramatic increases in institutional investment may not translate to overnight millionaire status for every small-scale investor, as significant price multipliers would still be required.

The discussion highlights contrasting views on the realistic benefits such legislation could bring to established cryptocurrency holders. While some see the CLARITY Act vote as a watershed moment, others caution that both the legislative process and practical market impact may be less immediate or potent than some projections suggest.

Asset manager 21Shares has published a formal XRP investment case, outlining four pillars it says justify holding the token.

The report arrives as U.S. spot XRP ETFs have drawn more than $1.7 billion in cumulative net inflows, yet the token’s price continues to trade well below its 2025 peak.

Four Pillars, One Open Question 21Shares breaks the XRP investment case into four parts: regulatory clarity, institutional access, measurable utility, and fixed supply.

The first pillar is done. Ripple’s four-year SEC battle ended in August 2025, removing the compliance block that had kept regulated funds and banks away from the token.

The SEC case against Ripple ended in August 2025, clearing one of the biggest regulatory hurdles in the market. The question now, as 21Shares frames it, is whether the remaining three pillars hold up.

Institutional access followed quickly. Seven U.S. spot XRP ETFs launched from November 2025, pulling in $1.3 billion in their first month alone.

Goldman Sachs emerged as the largest XRP ETF holder with $153.8 million in its Q4 2025 filing, though it later exited the full position.

Meanwhile, Citadel built a large bullish XRP ETF position, showing that institutional interest runs deeper than a single name.

The utility pillar is where 21Shares draws the sharpest line. The XRP Ledger settled close to half a trillion dollars in on-chain value over the past 12 months.

Ripple’s RLUSD stablecoin grew from $72 million to roughly $1.6 billion since launch.

XRPL tokenized real-world assets now stand near $4 billion, with JPMorgan and Ondo completing a cross-border tokenized treasury settlement on the ledger.

The Multi-Purpose Token standard rolled out on mainnet lets institutions embed compliance rules directly at the protocol level.

Supply is the fourth pillar. XRP has a hard cap of 100 billion tokens, all created at genesis. More than 14 million XRP have been burned through transaction fees.

Escrow releases follow a public schedule, which adds predictability, but also adds circulating supply over time.

Utility Growth Alone Won’t Move the Price 21Shares does not present the XRP investment case as a done deal. The firm flags a structural risk, institutions can settle on the XRP Ledger without holding XRP for long periods.

That means XRPL activity can scale while token demand lags. Value capture, not usage volume, is the real test.

That risk is already visible. RLUSD supply on XRPL has overtaken Ethereum, and Mastercard launched 24/7 settlement using RLUSD on XRPL.

Yet XRP has remained in the $1.35–$1.45 range in mid-September 2026, far below its 2025 high. Adoption is moving. Price has not fully followed.

Still, Ripple has projected XRP ETFs could reach $4 billion in first-year inflows.

XRP futures volume hit a six-month high in August, and whale activity has rebounded alongside price analyst forecasts.

The XRP investment case 21Shares is making is not a price call. It is a settlement infrastructure bet, one with cleaner legal rails than any prior XRP cycle, and a proof-of-value test that is still running.

From on-chain data to charting, explore these free crypto tools every investor should know.

A Bitcoin-Free Blueprint for AdvisorsGrayscale has launched a suite of model portfolios aimed at financial advisors, and its Digital Assets Next Gen strategy gives $XRP a 26.11% allocation, placing it as the second-largest holding in the fund. Ether (ETH) takes the top slot at 42.34% and Solana (SOL) follows at 21.09%. Combined, those three assets account for nearly 89% of the portfolio.

Notably, the model excludes Bitcoin entirely and spans seven crypto funds. A model portfolio is essentially a published recipe: Grayscale selects the assets and the weights, and an advisor copies that mix into client accounts using the firm's exchange-traded funds. The structure is designed to lower the barrier for traditional wealth managers looking to add digital assets to client holdings without building allocations from scratch. Beyond the top three, the remaining weight is spread across Hyperliquid, Chainlink, Avalanche, and Sui.

Context and CaveatsGrayscale's Global Head of Distribution, Laurie Katz, framed the launch around convenience, noting that advisors are increasingly looking for ways to bring digital assets into client portfolios without having to build and maintain allocations asset by asset.

Grayscale charges no separate fee for the models, and the underlying funds carry an average expense ratio of 0.23%. That said, the track record is thin. The model shows a 30.69% net gain since July 27, but that figure reflects just five weeks of history built on one strong August, with the rest of the return table empty.

Six of the model's seven underlying funds currently trade below where they launched. The Grayscale XRP Trust ETF (GXRP), a key vehicle for the XRP slice, sits 38.51% below its launch price. Advisors will need to weigh those figures carefully when presenting the strategy to clients.

The Next Gen portfolio represents a clear signal of where Grayscale sees demand growing: altcoin-heavy, advisor-facing products that sit alongside, rather than inside, more established Bitcoin-focused vehicles.

Sources:
BeInCrypto: Grayscale Just Made XRP 26% of Its New Portfolio for Advisors
GlobeNewswire: Grayscale Investments Launches Grayscale Model Portfolios

Today marks a pivotal day for the digital asset industry as the US Senate prepares for a key cloture vote on the CLARITY Act, scheduled for 2:15 PM Eastern Time. The legislation aims to create a comprehensive federal framework for cryptocurrency regulation, clarifying the oversight boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Crypto advocate Amelie underscored the significance, describing it as “a day for the history books.”

Cloture vote dynamicsAfter more than a year of bipartisan talks, the CLARITY Act faces a difficult hurdle in the Senate. Passage of cloture requires at least 60 affirmative votes. With Republicans currently occupying 53 of the 100 seats, the vote will only succeed if at least seven Democrats support the motion.

Unofficial reports suggest that between 7 and 10 Democratic senators are open to voting in favor, but no public commitments have yet been announced. The bill has already advanced through the House of Representatives and cleared both the Senate Banking and Agriculture Committees.

The legislation underwent substantive revisions during negotiations, with over 100 amendments incorporated upon requests from Democratic lawmakers. Senator Cynthia Lummis, a leading sponsor of the bill, called on colleagues across the aisle to back what she described as a product of cross-party cooperation.

Supporters emphasized that the CLARITY Act “is the result of months of negotiation and includes more than 100 changes requested by Democrats.”

If successful, the law would formally define regulatory responsibilities over digital assets, outlining which categories fall under SEC versus CFTC supervision.

Mini dictionary: Cloture vote — A legislative procedure in the US Senate which ends debate on a bill, requiring at least 60 senators to proceed to a final vote.

Industry and community responsesThe proposal has generated substantial attention and divided reactions within the crypto community. Some view the vote as a historic breakthrough, while others remain skeptical about any immediate progress. Several critics focused on party divisions, accusing Democrats of impeding reforms and warning that further delays could erode US competitiveness in digital finance.

US Treasury Secretary Scott Bessent weighed in, labeling the legislation crucial for America’s standing in global financial technology leadership. Bessent has previously cautioned that rejecting the bill could signal an unwillingness to take a leading role in digital asset innovation.

Treasury Secretary Scott Bessent argued that failing to pass the bill “would send a message to adversaries that the US is unwilling to lead in the digital asset space.”

Online, some commentators voiced frustration at ongoing delays, while others urged senators to support the bill or risk political reprisals in future elections.

What comes nextCloture is only one step in the legislative process. Should the Senate reach the 60-vote threshold, up to 30 hours of further debate will follow, after which senators may propose last-minute amendments. Only then will the Senate proceed to a final vote on the bill’s passage.

Senator Lummis has previously warned that if the bill fails, further movement on digital asset regulation in the Senate might not occur before 2030. High-profile financial firms such as BlackRock, Fidelity, Goldman Sachs, and Charles Schwab have signaled their support for the measure. Recent developments also include endorsement by several major US law enforcement organizations.

As the vote approaches, both lawmakers and market participants await the outcome that could influence the regulatory landscape for digital assets in the US for years to come.

Following today’s Ripple news, XRP Ledger’s Batch V1.1 amendment has secured backing from 27 of the network’s 35 trusted validators, or arounf 77%. That leaves the upgrade one validator vote short of the 80% threshold XRPL requires to begin a 14-day activation countdown.

Batch V1.1 would let users bundle as many as eight linked transactions into a single atomic transaction operation, a change relevant to anyone tracking XRPL payment activity.

This is not simply a vote count creeping toward a number. Clearing 28 votes would only start the countdown clock, not switch the feature on. Support has to stay above 80% for the full two weeks, and validators can change their votes during that window, so the current tally is a trigger point rather than a confirmed outcome.

DISCOVER: Meme coin supercycle: Top performers this week

XRPL Upgrade News: What The Validator Vote Actually Unlocks The mechanism functions as follows: once 80% of the 35 trusted validators back Batch V1.1, the amendment enters its 14-day majority period. If support holds, the change activates; if it drops below the threshold before the window closes, the countdown resets. The amendment has not yet gone live on the main network, though it shipped in xrpld 3.3.0 and is currently up for validator vote.

In practice, Batch V1.1 would allow up to eight transactions to execute as one bundle: either all succeed, or all fail. A token swap between two parties could ensure both transfers are completed together rather than leaving one side exposed. Wallets and marketplaces could similarly pair a customer payment with a platform fee in a single operation, a detail that’s been picking up attention across ripple news coverage in recent weeks.

RippleX has said commercial projects built around Batch are already under contract or in development, though it has not named the companies involved.

The Batch V1.1 amendment shipped in xrpld 3.3.0 and is now up for voting.

After the v1.0 signature bug was caught in February (pre-Mainnet, no funds at risk), we rebuilt it: root-cause fix, 4 senior reviewers, a Sherlock attackathon, and audits from Halborn and Common Prefix. We…

— Mayukha Vadari (@msvadari) September 14, 2026

Ripple News: The Security Rewrite Behind Batch V1.1 Based on today’s Ripple news, the current version replaces an earlier Batch proposal that never reached Mainnet after researchers found a flaw that could, under certain conditions, let an attacker include another account’s transactions without approval. Because that version was withdrawn before activation, no funds were ever at risk, according to the XRPL vulnerability disclosure report. Developers replaced it in the Aug. 6 release of XRP Ledger’s 3.3.0 software.

RippleX detailed the follow-up review in a technical write-up published on dev.to, describing checks from four senior engineers, audits from Halborn and Common Prefix, a public Sherlock security contest, and automated testing.

That process turned up 11 additional issues involving signatures, authorization checks, and bugs capable of crashing servers, one of which Common Prefix rated critical because it could have let an attacker reuse a signed permission to execute more transactions than intended.

Industry Implication: Payments Infrastructure Still Waiting On A Vote If Batch V1.1 clears the threshold and holds for 14 days, it would give XRPL a native tool for coordinating multi-step payment flows without relying on smart-contract logic. This is relevant to settlement use cases like agentic transaction rails and stablecoin activity tied to RLUSD settlement volume.

RippleX’s claim of contracted commercial projects remains unverified against named counterparties, and broader forecasts about Batch reshaping XRPL’s competitive position against smart-contract chains are research-only at this stage. For now, the concrete fact is narrower: one validator, one vote, and a 14-day clock that has not yet started.

Market Intelligence: Crypto Analyst Predicts Best New Crypto to Hodl

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Web3 News, XRP News

Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

TLDR XRP trades near $1.41, holding above key moving averages after a breakout from summer lows around $1.00 US spot XRP ETFs have pulled in more than $1.7 billion in net inflows, with $18.98 million added in the latest week 21Shares released a four-pillar investment case covering regulation, institutional access, utility, and fixed supply 24-hour trading volume jumped 139.42% to $3.71 billion, while open interest rose 5.40% to $3.05 billion Daily RSI sits at 58.37, leaving room for further momentum before a possible move toward $1.60 XRP trades around $1.41 in mid-September 2026 after climbing from summer lows near $1.00. The token has moved through several resistance levels over the past two months.

Analyst Ali Charts pointed to the breakout on X, noting that a sustained close above $1.38 could open the path toward $1.60. The post highlighted XRP’s move through a series of resistance zones following its summer bottom.

TradingView data shows XRP trading above several major moving averages. The $1.35 to $1.36 zone has become a support area, backed by both the 20-day and 200-day exponential moving averages.

A break below that zone could weaken the recent price structure. A hold above it would keep the breakout setup intact for buyers.

Daily RSI sits at 58.37, down from overbought levels reached during the summer rally. The reading stays above the midline, leaving room for another push higher.

ETF Demand Builds US spot XRP ETFs have pulled in more than $1.7 billion in net inflows since launching in November 2025. The funds added $18.98 million in the most recent week alone.

Goldman Sachs was once the largest XRP ETF holder, with $153.8 million reported in its Q4 2025 filing, though it has since exited that position. Citadel has built a separate bullish position in XRP ETFs.

Ripple has projected XRP ETFs could bring in $4 billion during their first year. Futures volume hit a six-month high in August, with Binance recording $37 billion in trading during the month.

Utility Versus Price Gap Asset manager 21Shares released a formal investment case for XRP built on four pillars. These are regulatory clarity, institutional access, measurable utility, and fixed supply.

The regulatory pillar closed in August 2025 when Ripple’s four-year case with the SEC ended. That removed a barrier that had kept many regulated funds away from the token.

The XRP Ledger settled close to $500 billion in on-chain value over the past 12 months, according to 21Shares. Ripple’s RLUSD stablecoin has grown from $72 million to about $1.6 billion since launch.

XRP Price on CoinGecko Tokenized real-world assets on the XRP Ledger now stand near $4 billion. JPMorgan and Ondo completed a cross-border tokenized treasury settlement on the ledger, and Mastercard launched 24/7 settlement using RLUSD.

XRP has a fixed supply cap of 100 billion tokens, all created at genesis. More than 14 million XRP have been burned through transaction fees, while escrow releases add to circulating supply on a public schedule.

21Shares flagged a risk in its report: institutions can settle on the XRP Ledger without holding XRP for long periods. That means ledger activity can grow while demand for the token itself lags behind.

RLUSD supply on the XRP Ledger has already overtaken Ethereum’s stablecoin supply. XRP has stayed in the $1.35 to $1.45 range through mid-September 2026, below its 2025 high.

Senate Republicans released a revised CLARITY Act draft hours before the cloture vote. It runs to 635 pages, up from 616, and one of the new pieces defines an ancillary asset in a way that settles XRP’s status in secondary markets regardless of how much of it Ripple holds.

Summary

Senate Republicans circulated a revised CLARITY Act text shortly before the September 15 cloture vote, expanding the bill from roughly 616 pages to 635. The draft defines an ancillary asset separately as a network token whose value depends on the entrepreneurial or managerial efforts of an originator or someone related to the originator. Under the revised language, XRP would be treated as a digital commodity in secondary markets regardless of the quantity Ripple holds, and no provision in the bill causes an ancillary asset to stop being a network token. The revision arrived alongside a reported White House concession on expanded conflict-of-interest rules and state-level enforcement powers, both aimed at securing Democratic votes. The cloture vote on the motion to proceed requires 60 votes, and Republicans hold 53 seats. Legislative text is usually written months before anyone votes on it, which is what makes the last twenty-four hours unusual. Senate Republicans released a revised CLARITY Act draft shortly before Tuesday’s cloture vote, and the bill grew from roughly 616 pages to 635 in the process. Nineteen pages is not a rounding error in a document that has been negotiated since 2025, and the additions are not housekeeping. One of them defines an ancillary asset as a separate category: a network token whose value depends on the entrepreneurial or managerial efforts associated with an originator, or with someone related to the originator. Read plainly, that language classifies XRP as a digital commodity in secondary markets no matter how much XRP Ripple holds on its balance sheet, and the draft specifies that nothing in the bill causes an ancillary asset to stop being a network token. A single definition, inserted overnight, resolving the question that produced a three-year lawsuit. Whoever wrote it knew exactly what they were doing, and the more interesting question is why it needed writing at this hour.

What the new language does Start with the mechanism, because the distinction it draws is the whole point.

American securities law has spent seventy years asking whether an arrangement is an investment contract, which turns on whether buyers expect profits from the efforts of others. Applied to a token, that test produces a problem the courts have never resolved cleanly: the same asset can be a security when sold by its issuer under a promotional arrangement and something else entirely when traded between strangers on an exchange years later.

The 2023 district court ruling in the Ripple case landed exactly there. Programmatic sales on exchanges were held not to be securities transactions. Institutional sales under contract were. Same token, different treatment, depending on the circumstances of the sale.

The revised CLARITY draft appears to codify that split and extend it. By defining an ancillary asset as a category of network token, and specifying that nothing in the bill causes such an asset to cease being a network token, the language fixes the classification to the asset instead of leaving it to be re-litigated per transaction.

And the phrase doing the heavy lifting is the one about quantity. Under the draft, XRP is a crypto commodity in secondary markets regardless of how much XRP Ripple holds. That matters because concentration has been the argument against treating XRP as decentralised enough to escape securities treatment. A company holding a large share of supply, with escrow releases on a schedule, exercising influence over the network’s direction, looks unlike bitcoin and looks somewhat like an issuer. The new language makes that observation irrelevant to the classification question.

Why nineteen pages the night before Bills do not usually grow at this stage, and the fact that this one did tells you something about the vote count.

Cloture on the motion to proceed requires sixty votes. Republicans hold fifty-three, at least two of whom have been expected to defect on general grounds. The arithmetic has required Democratic crossover all year, and the Democrats who spent the summer negotiating walked away in July over the ethics provision.

What appears to have happened is a simultaneous concession on two fronts. Reporting indicates the President agreed to expanded conflict-of-interest rules and, significantly, state-level enforcement powers, which was the specific Democratic objection to the July text. That version assigned sole enforcement to the Justice Department, and Democrats rejected it the same day on the grounds that the department answers to the person the provision restricts.

State attorneys general holding enforcement authority is a materially different proposition. It creates a route that does not run through a presidential appointee, and it is close to the mechanism Democrats were asking for when negotiations collapsed.

So the revised draft is doing two jobs at once. It is buying Democratic votes with the ethics concession, and it is delivering something to the industry side in the same document. That is how a bill gets to a floor vote it was expected to lose, and it explains the timing: concessions negotiated in the final hours produce text released in the final hours.

The question of who asked for it Worth stating carefully, because the honest answer is that nobody can currently attribute the language.

Legislative text emerges from committee staff, leadership offices, agency technical assistance, and outside counsel, and by the time a draft circulates, authorship is diffuse by design. The ancillary asset definition may have been drafted by Banking Committee staff working through a classification problem on the merits. It may have come from technical assistance. It may have arrived through the ordinary lobbying process that every industry runs and that this one runs harder than most.

What is documented is the scale of the industry’s political operation. Our audit of that spending found a super PAC network entering this cycle with a war chest measured in the hundreds of millions, with Ripple among the largest single contributors, and crypto accounting for a substantial share of all corporate election spending. An industry that spends at that level does not do so to observe legislation passively.

None of which establishes that anyone bought a definition. It means that a provision resolving one company’s central legal question, inserted hours before a vote, in a bill that company’s political network spent heavily to advance, is a provision worth asking about. Journalism’s job here is the question, not the accusation, and the answer will emerge from the amendment record and the committee report rather than from speculation.

What it would actually settle If the language survives to enactment, three things change for XRP and they are worth separating from the things that do not.

Secondary market classification becomes statutory. Today XRP’s status in secondary markets rests on a district court ruling from 2023 that was never appealed and has never been tested at the circuit level. That is a considerably weaker foundation than most holders assume. A statutory definition replaces judicial interpretation with text, and text does not get reversed by a different panel reading the same facts.

Concentration stops being an argument. The quantity Ripple holds has been the strongest available case against XRP’s commodity treatment. Removing it forecloses a line of attack rather than winning it.

And institutional participation gets easier. Asset managers, banks, and custodians run legal risk assessments before touching an asset, and an unappealed district court ruling scores worse in that process than a federal statute. Seven asset managers have filed for XRP spot ETFs on the expectation that Congress would resolve this, and the resolution is what several of them are waiting on.

What it does not settle is equally specific. It does not address Ripple’s own sales, which is where the original case was actually lost. It does not create the registration regimes for exchanges and custodians, which require years of agency rulemaking. And it does not reach the SEC’s interpretive framework, which continues to govern everything the statute does not.

The part that should worry XRP holders Here is the uncomfortable half, and it follows directly from the same observation.

If a definition inserted overnight can settle XRP’s classification, a definition removed in the amendment process can unsettle it. The bill has not passed. Tuesday’s vote is cloture on the motion to proceed, which is a vote to begin debating, and debate is where amendments happen.

An amendment process on a 635-page bill with a contested ethics title and an industry with visible fingerprints is not a friendly environment for a provision that plainly benefits one company. Senators looking for something to strike in exchange for a vote will find this language quickly, because it is new, it is specific, and it is attributable to nobody.

So XRP holders reading Tuesday as a resolution should hold that lightly. Cloture succeeding means the bill enters a process in which the most recently added and least defended provisions are the most exposed. The ancillary asset definition is, right now, the newest thing in the document.

There is also the scenario nobody is pricing. Cloture fails, the bill returns in the next Congress, and the definition does not survive the reconstruction, because the political configuration that produced it will not exist in the same form after November.

The precedent for a last-minute definition Provisions inserted at the final hour have a record in American financial legislation, and it is not encouraging for anyone hoping this one is durable.

The pattern is familiar. A long-negotiated bill reaches a procedural vote short of the count. Concessions are traded in the final days. Text is revised, circulated, and voted on before most members or their staff have read it. The provisions added in that window are the ones with the least deliberation behind them, the thinnest legislative record, and the weakest claim to having been considered on their merits.

That matters later in two specific ways.

Courts read legislative history. When an agency writes a rule and someone sues, the question of what Congress intended gets answered partly from committee reports, floor statements, and hearing records. A definition inserted overnight has almost none of that. A judge asked what Congress meant by entrepreneurial or managerial efforts associated with an originator will find the phrase and very little explaining it, which leaves interpretation wide open.

And thin provisions get traded first. In conference, in a second chamber, or in a future amendment cycle, the items removed are the ones nobody has invested political capital defending. A provision with a hearing record, testimony, and a named sponsor has constituency. A phrase that appeared in a revision has none.

There is a reasonable counter. Sometimes late additions are late because they are technical corrections that only became apparent when the full text was assembled, and classification definitions in a 635-page bill genuinely can surface that way. Not every eleventh-hour insertion is a favour.

The distinguishing evidence, when it arrives, is in the record. A definition that appears in the committee report with an explanation of the problem it solves is a technical fix. A definition that appears in the text with no accompanying rationale, resolving a live question for a specific company, is something else, and the report is public when it publishes.

What Tuesday actually decides The vote is narrower than the coverage suggests, and precision here prevents a lot of misreading.

Cloture on the motion to proceed requires sixty votes and determines only whether the Senate begins debate. It is not a vote on the bill, it does not pass anything, and success would leave a second cloture vote, an amendment process, and House concurrence still ahead, with a compressed calendar running into the midterms.

Estimates of eventual passage have diverged sharply. Prediction markets have priced 2026 enactment around twenty percent. Galaxy Digital and the Solana Policy Institute have both assigned roughly ten. Those are different numbers pricing subtly different questions, and none of them is a forecast of Tuesday specifically.

What Tuesday does deliver is information. A roll call produces a list of names, and the names tell you whether the ethics concession worked, which Democrats moved, and whether the coalition exists for a second attempt. Our status page on the bill tracks where it stands, and our read of the merged text covers what the 616-page version contained before this revision.

What the definition means for everything that is not XRP The coverage has framed this as an XRP provision, which is understandable and incomplete. A definition written into statute applies to every asset meeting it, and the drafting language is broad.

A network token whose value depends on the entrepreneurial or managerial efforts associated with an originator describes an enormous share of the market. Almost every token outside bitcoin has an originating entity, a foundation, a development company, or a core team whose work plainly affects the asset’s value. Solana has a foundation and Labs. Cardano has three organisations. Most of the assets in the top fifty would meet that description on any honest reading.

Which means the provision is either much bigger than an XRP fix, or it is narrower than its plain text suggests and the narrowing happens somewhere else in the 635 pages.

Both readings have consequences. If the definition is broad, the bill classifies most of the market as digital commodities in secondary markets, which is close to what the industry has been asking for and would represent the single largest change in American crypto law. If it is narrow, the qualifying conditions sit in provisions nobody has yet read closely, and the XRP-specific reading circulating now is an inference from one clause in a document released hours ago.

The honest position is that nobody outside the drafting rooms currently knows which it is, including the commentators confidently asserting the XRP interpretation. A 635-page bill released the night before a vote has not been read by the people describing it, and that includes everyone writing about it today.

What can be said is that if the broad reading holds, the ancillary asset definition is the most consequential provision in the bill and is being discussed as a footnote about one token. That would not be the first time a classification definition turned out to matter more than the titles around it.

Why the quantity language is the tell Of everything in the new text, one phrase deserves more attention than it has received, and it is the clause about how much the originator holds.

Specifying that an asset qualifies regardless of the quantity the originator holds is not how definitions normally work. A classification usually states what something is. This one states what something is and then pre-emptively forecloses a specific counterargument.

Drafters do that when they know the counterargument is coming and they know who will make it. Supply concentration is the central objection to treating any originator-linked token as sufficiently decentralised, it has been made repeatedly in enforcement actions and in academic commentary, and it is the strongest available argument against the treatment this provision grants.

So the clause is defensive drafting, and defensive drafting is evidence about the drafter’s expectations rather than about the merits. Someone anticipated that an agency, a court, or a future Congress would point at holdings and say the originator’s influence is too large for commodity treatment. The language removes that move in advance.

Whether that is good policy is a real question with arguments on both sides. Fixing classification to the asset produces certainty, and certainty is what markets have been asking for. It also means a token held overwhelmingly by its creator, with releases on a schedule controlled by that creator, receives the same treatment as an asset with no controlling entity at all, which is a substantive policy choice presented as a definitional one.

The reason to flag it is that definitional provisions attract far less scrutiny than substantive ones during a markup, and this is a substantive choice wearing a definition’s clothes. Anyone tracking the amendment process should watch this clause specifically, because it is the part that does the work.

How to read Tuesday if you hold XRP Practical, because the token has a documented history of reacting to this exact category of news and then giving the move back.

In May, XRP rose above $1.50 after the Senate Banking Committee advanced the bill 15-9, then retraced to around $1.40 as early buyers took profit. In July, it climbed roughly 3.5% intraday, from about $1.11 to $1.1511, after the President agreed to the ethics provision that had been blocking negotiations, finishing third among the top fifty gainers with roughly $2.93 million of leveraged shorts liquidated on the way up.

Both moves faded.

The reason both faded is the same and it is worth stating bluntly: neither event changed XRP’s legal position. A committee vote and a White House concession are steps toward a law. The day after each, the token stood exactly where it had stood the day before, with the same district court ruling as its foundation and the same absence of statute behind it.

A cloture vote is the same category of event. Succeeding means debate begins. It does not classify anything, it does not bind any agency, and it does not remove the appellate exposure sitting under the 2023 ruling.

Which produces a specific instruction for anyone trading this. The move that matters is not the vote, it is enactment, and enactment is at minimum a second cloture vote, an amendment process, and House concurrence away, into a calendar running toward the midterms. Estimates of that happening in 2026 sit between ten and twenty percent depending on whose model you use.

XRP trades around $1.40, up roughly 4% in a day, against a July 2025 high of $3.65. Some portion of that recent strength is the market pricing a favourable outcome for the third time this year. The first two times, the pricing was wrong not because the direction was wrong but because the event was smaller than the reaction.

What to watch Whether the ancillary asset language survives markup. The newest provision in a contested bill is the most exposed, and its presence in the final text is a different question from its presence today.

The roll call, not the result. Which Democrats voted yes is the list that determines whether a second attempt is viable and what it costs.

Whether the state enforcement concession is real. Reporting indicates the President agreed to it. What appears in the text, and how it is bounded, is the test of whether the concession was substantive or nominal.

XRP’s reaction against its own history. The token has rallied on procedural CLARITY news twice this year, in May after the committee vote and in July after the ethics agreement, and gave both moves back because neither changed its legal status. A third such move would be the market repeating a mistake it has already made twice.

The appellate question underneath. Whatever happens to the bill, the 2023 district court ruling remains untested at the circuit level. Legislation is the only thing that removes that exposure, which is precisely why this vote matters more to XRP than to most assets.

Frequently Asked Questions What is an ancillary asset under the CLARITY Act? The revised draft defines it separately as a network token whose value depends on the entrepreneurial or managerial efforts associated with an originator or a person related to the originator. The draft also specifies that no provision in the legislation causes an ancillary asset to stop being a network token, which fixes the classification to the asset instead of leaving it to be determined transaction by transaction.

How does it affect XRP? Under the revised language, XRP would be treated as a crypto commodity in secondary markets regardless of how much XRP Ripple holds. Concentration of supply has been the strongest argument against commodity treatment, and the provision removes it from the classification question entirely.

When was this added? Senate Republicans circulated the revised text shortly before the September 15 cloture vote, expanding the bill from roughly 616 pages to 635. Nineteen pages of additions in the final hours before a procedural vote is unusual for legislation negotiated over more than a year.

Why was it added now? The revision appears to accompany a reported White House concession on expanded conflict-of-interest rules and state-level enforcement powers, which were the specific Democratic objections to the July ethics text. Concessions negotiated in final hours produce text released in final hours, and the bill needs at least seven Democratic votes to reach sixty.

Does this mean XRP’s legal status is settled? No. The bill has not passed. Tuesday’s vote is cloture on the motion to proceed, meaning a vote on whether to begin debating, and debate is where amendments happen. A provision added overnight, benefiting one company, in a bill with a contested ethics title, is among the most exposed items in the text.

What does XRP rely on today? A 2023 district court ruling holding that programmatic sales on exchanges were not securities transactions. That decision was never appealed and has never been tested at the circuit level, which is a weaker foundation than many holders assume. Statutory language is what would remove that exposure.

What happens if the cloture vote fails? The bill does not advance, leadership decides whether to refile or move on, and market structure legislation likely slips past the midterms. XRP’s classification would continue to rest on the district court ruling and on the joint SEC-CFTC interpretive framework, which is agency policy a future commission can withdraw.

Should XRP holders expect a price move? The token has rallied on procedural CLARITY developments twice this year and given both moves back, because a committee vote and a White House concession are steps toward a law and not a law. A cloture vote is the same category of event. This is educational analysis, not investment advice.

Disclaimer: This article is for information and educational purposes only and does not constitute financial, investment, or legal advice. It describes draft legislation that has not passed and whose provisions may change or be removed, and nothing here alleges improper conduct by any party. Always do your own research. Information is accurate as of September 15, 2026.

TLDR Firelight plans to use deposited FXRP as collateral to back DeFi coverage, letting XRP holders earn premiums as yield. Withdrawal times could stretch from today’s 1-2 days to roughly 30-60 days once 30-day coverage periods begin. Rewards stop the moment a holder starts unstaking, even though the exit process can take weeks to finish. A claim tied to an earlier coverage period can still lower the amount of FXRP a holder receives back. Firelight has attracted about $72 million in deposits, but it’s unclear how much paid coverage it has actually sold. Firelight, a protocol built on the Flare network, is preparing a system that lets XRP holders earn yield by backing coverage for DeFi users. Holders deposit an XRP-linked asset and get paid when customers buy protection.

But the plan comes with a tradeoff. Getting that money back out could take far longer than it does today.

How The Vault Works Holders deposit FXRP, an XRP-linked asset on Flare, into a Firelight vault. In return, they receive stXRP, a token that represents their position in the vault.

In the next phase of the protocol, Firelight plans to use that deposited FXRP as collateral to back coverage sold to DeFi protocols. Customers who buy this protection pay premiums, and that money becomes income for the people supplying the collateral.

Right now, Firelight uses one-day coverage periods. That keeps withdrawal times short, at about one to two days.

Once the protocol moves to 30-day coverage periods, the same process will stretch withdrawal times out. A holder who exits near the end of a period could wait just over 30 days. Someone who exits near the start of a period could wait closer to 60 days.

Firelight has not confirmed an exact launch date for this next phase. A funding announcement from September 1 pointed to a September rollout of the protocol and its first coverage deals, without naming a specific day.

What Happens During The Wait Once a holder starts the unstaking process, rewards stop right away. The stXRP is redeemed at that moment, and its value is recorded.

But the FXRP is not free of risk yet. For the rest of that coverage period, it still backs active coverage and can be reduced if a claim occurs.

After that period ends, the FXRP no longer backs new coverage. However, a claim tied to an earlier period can still lower the final amount the holder receives.

That means the value recorded when a holder begins unstaking is not a guarantee. The final payout can end up lower than expected.

After the waiting period ends, holders must submit a separate transaction to withdraw their funds. Until they do, the assets stay in the vault.

Firelight has already attracted a large amount of deposits ahead of this change. DefiLlama recorded $71.74 million in total value locked in a September 13 snapshot.

That figure reflects deposits only. It does not show how much coverage Firelight has actually sold or how much premium income it has collected so far.

To limit losses for depositors, Firelight has a separate reserve called the First-Loss Buffer. This stablecoin reserve pays out validated claims first, before any loss reaches staked FXRP.

If a loss is larger than the buffer, the remaining amount is spread across vault positions. Holders would then keep the same number of shares, but each share would be worth less FXRP.

Firelight also limits how much coverage it can sell based on how much capital is available to cover losses. The protocol is designed to stop offering new coverage if that ratio drops too low.

For now, XRP holders have shown willingness to deposit collateral. Whether the coverage business can generate enough paid premiums to make the yield worth the wait and the risk remains to be seen.

XRP and XLM prices exploded more than 8% on September 14, as traders positioned ahead of a pivotal Senate procedural vote on the Digital Asset Market Clarity Act (CLARITY Act).

XRP climbed to $1.47, up 8.42%, while XLM surged even harder to $0.1949, gaining 8.44%.

What’s Driving the Rally in XRP and XLMThe CLARITY Act aims to draw clearer jurisdictional lines between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), formally classifying certain digital assets as commodities rather than securities.

Tomorrow, my colleagues have a choice to make: American leadership, real consumer protections, and giving law enforcement the tools they need to address illicit finance, or drive the digital asset industry overseas, leaving consumers vulnerable, and sidelining American leadership…

— Senator Cynthia Lummis (@SenLummis) September 14, 2026
Both tokens stand to benefit meaningfully if the bill eventually becomes law. In March 2026, the SEC and CFTC had already identified XRP and XLM, along with HBAR, as examples of digital commodities in joint guidance.

XRP and XLM Price Performance. Source: CoinGeckoCodifying that classification into statute would reduce the residual legal uncertainty that has specifically constrained institutional participation in payment and settlement networks.

XRP has long been associated with cross-border payments and institutional settlement rails. XLM, through the Stellar network, has drawn attention for low-cost transfers and recent connections to traditional financial infrastructure, including a U.S. Bank cross-border stablecoin pilot completed on the network just days before the vote.

Senate Republicans released what they called the final draft late on September 13, incorporating 126 substantive changes requested by Democrats.

Sponsors Cynthia Lummis, John Boozman, and Tim Scott said the 635-page text strengthens ethics provisions, expands enforcement roles for state attorneys general, and grants the Treasury new authority to address potential deposit flight from community banks tied to the use of payment stablecoins.

What Senate Vote Could DecideA cloture vote on the motion to proceed is scheduled for Tuesday, September 15, at 2:15 p.m. ET. The measure needs 60 votes to advance. With Republicans holding 53 seats, at least seven Democratic or independent senators would need to cross over for the GOP to remain unified.

This bill isn't just a compromise…it's the product of real, substantive trades policymakers made to get here.
I said this many months ago: perfect can't be the enemy of good…
and let's be clear: those trades weren't small. This isn't a deal Senators should be ‘settling for’ —… https://t.co/mdLvqKVXjG

— Brad Garlinghouse (@bgarlinghouse) September 14, 2026
Three unresolved disputes still complicate that math: ethics rules targeting President Trump’s reported $1.4 billion in crypto income, developer liability provisions under Section 604 affecting decentralized finance, and a stablecoin yield question threatening roughly $1.35 billion in annual Coinbase USDC rewards revenue.

Prediction markets suggest the odds of passage remain genuinely low. Polymarket pricing has fallen from 82% in February to 30% as the time of writing, while Galaxy Research pegs the probability at just 10%.

CLARITY is coming: probability of the CLARITY Act passing this year surge to ~29%.

The Senate released updated text ahead of Tuesday's cloture vote, incorporating bipartisan changes across stablecoin yield, exchanges, and civil protections. pic.twitter.com/Omk4vdeO1S

— Grayscale (@Grayscale) September 14, 2026
That skepticism has not stopped the crypto market from treating each legislative milestone as a positive catalyst, regardless. Earlier advances, including the Senate Banking Committee’s 15-9 vote in May and intermittent signals of White House engagement on ethics language, produced similar short-term rallies in both tokens.

Failure to invoke cloture on Tuesday would not kill the bill outright, but it would likely push comprehensive market-structure legislation past the midterms into 2027. For now, both tokens have responded positively to the latest developments, even as the underlying probability of passage remains stacked against them.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Digital Asset Investor, a well-known figure in the crypto community, commented on the potential impact of the CLARITY Act on XRP’s price. The discussion has intensified ahead of the Senate cloture vote scheduled for September 15, when at least 60 votes will be needed to advance the bill. All 53 Senate Republicans have committed to supporting the legislation, with reports indicating that between 7 and 10 Democrats may also vote in favor.

Senate vote draws market focusAccording to Digital Asset Investor, the passage of the CLARITY Act would create immediate momentum for XRP’s price, potentially leading to a significant rally. The legislation aims to provide a clear regulatory framework for digital assets, which has long been a point of uncertainty for XRP and other cryptocurrencies.

He addressed the possibility of the bill not passing, suggesting that such an outcome would not end positive prospects for XRP. Instead, he argued that the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) would quickly move to implement their own rules. He expects this regulatory intervention to ultimately boost market confidence, which could result in a slower but steady price increase for XRP once clarity emerges.

Discussing short-term market movements, Digital Asset Investor pointed to a short-term decline in XRP’s price as a potential opportunity for accumulation if the vote fails. He described any dip after a failed vote as a buying opportunity for investors looking at long-term gains.

If the CLARITY Act passes, Digital Asset Investor sees XRP skyrocketing almost immediately. If the bill stalls, he anticipates regulatory agencies will step in within days and bring new rules, leading to eventual price appreciation after a possible initial dip.

Liquidity outlook and institutional interestDigital Asset Investor’s perspective goes beyond the immediate effects of the Senate vote. He believes that regulatory clarity could unlock new liquidity in the crypto market, especially for assets like XRP, as institutional and retail investors gain confidence in the legal landscape.

He expects significant market growth over the next two years, as clearer regulations encourage greater integration of digital assets into the broader economy. That timeline aligns with rising institutional interest and involvement in the digital asset sector, particularly from traditional finance players.

US Treasury Secretary Scott Bessent has called on the Senate to move forward with the CLARITY Act, noting that inaction could cause the US to lose ground in the rapidly evolving digital asset market. Senator Cynthia Lummis, one of the bill’s architects, emphasized that Democrats played a vital role in shaping the legislation, which contains over 100 policy wins for the party.

Implications for XRP and regulationThe CLARITY Act is set to define which digital assets fall under SEC jurisdiction and which are subject to oversight by the CFTC. This distinction is closely watched by XRP holders, given Ripple’s prolonged legal battles with the SEC and XRP’s status as a major cryptocurrency facing direct regulatory scrutiny.

Digital Asset Investor maintains that the market’s direction is already set toward increased regulation. He believes that a “yes” vote could lead to an immediate price surge, while a “no” vote would only temporarily delay a similar outcome as regulators step in with new guidance.

Against this backdrop, traders increasingly look for efficient ways to react to rapid shifts around events like key regulatory votes or surprise altcoin listings. In an environment where market sentiment can pivot instantly on a single federal decision, many investors have begun consolidating their tools for real-time monitoring. Some now use privacy-focused platforms such as CryptoAppsy to check smart price alerts, up-to-date charts, portfolio status, and macroeconomic data all in one place, without registration requirements. This approach helps minimize delays and costs by eliminating the need to switch between separate applications.

The bill’s outcome may either accelerate immediate price movement for XRP or briefly delay it before similar regulatory-driven rallies, with both scenarios leading the market toward regulatory clarity.

XRP continues to draw heightened interest as the pivotal Senate vote on the CLARITY Act approaches, with market participants preparing for increased volatility and potential shifts in the regulatory landscape.

XRP Triangle Puts $1.38 Resistance Ahead of $1.60 Test

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XRP price closed around $1.35 yesterday after trading as high as $1.43 two sessions earlier. Analyst identifies $1.38 as the level XRP needs to clear for a bullish breakout that could open a path toward $1.60. The setup remains conditional, however, with the token still trading near a closely watched support and resistance range.

Martinez, who posts as Ali Charts on X, has identified a triangle developing between $1.31-$1.35 support and $1.38 resistance. XRP needs to hold the support zone as it approaches the apex of that pattern, while a decisive move above $1.38 would confirm the breakout and could strengthen momentum.

Also, according to Ali, a break below $1.31 could instead weaken the near-term bullish structure and turn the current support area into resistance during a recovery.

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Why $1.38 XRP Matters More Than Most Price Resistance Levels?Cost-basis data shows that more than 4.8 billion XRP were acquired between $1.31 and $1.38, making the band a potentially important demand zone. If buyers continue defending those levels, the concentration of holders near their acquisition prices could provide support beyond the triangle pattern itself.

The same data also highlights the resistance that may await above the breakout threshold. Approximately 1.99 billion XRP were acquired at around $1.60, followed by another 1.98 billion at around $1.68. That supply suggests $1.60 would be the next major test after a breakout rather than an unobstructed upside target.

Recent derivatives positioning provides a potentially constructive signal. Total XRP futures open interest fell roughly 16%, from 2.77 billion XRP on August 17 to 2.34 billion on August 31, even as XRP rallied almost 40% over the same period. That divergence suggests the rally was not simply driven by traders aggressively increasing leverage.

CME open interest rose roughly 36% to 387 million XRP, raising CME’s share of total XRP futures exposure from around 10% to 17%. The shift could indicate greater participation from professional and institutional traders, although CME positions can also be used for hedging rather than directional bullish bets.

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The Technical Picture Isn’t Confirming YetDespite the potential bullish setup, XRP has not yet broken resistance. The 14-day RSI sits around 49.6, which is effectively neutral, while the MACD remains in a sell signal. XRP is also below its 50-, 100-, and 200-period simple moving averages, with the 200-period average near $1.39.

LevelXRP Acquired at Cost BasisTechnical Role$1.31-$1.354.8B+Active support / triangle base$1.38Breakout thresholdNear 200-period SMA resistance$1.60~1.99BFirst resistance after breakout$1.68~1.98BSecondary resistance zoneThat alignment matters because the $1.38 breakout threshold sits near another technically significant moving-average resistance level. A decisive or convincing move above $1.38 would be needed to strengthen the bullish case, rather than leaving XRP below the major moving averages that currently remain overhead.

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XRP traders are positioning for an unusually large price swing over the next week, based on options market data released by Coinbase Markets, the research and trading analysis unit of the well-known cryptocurrency exchange. The data indicates that options prices are reflecting expectations for a notably higher level of volatility in XRP compared to its historical averages and to other major cryptocurrencies.

XRP’s volatility premium outpaces peersCoinbase compared the implied seven-day moves of several leading cryptocurrencies to their typical weekly fluctuations. According to the analysis, XRP is showing the largest disparity between its expected and historical price swings.

Coinbase Markets reported that XRP’s options-implied seven-day move has reached 1.54 times its historical median. For comparison, the implied move for Bitcoin is 1.50 times its historical median, Ethereum is at 1.45 times, and Solana stands at 1.15 times.

XRP is priced furthest above its own history, while Solana is the least, according to Coinbase Markets.

Coinbase’s chart puts XRP’s historical median absolute seven-day move at approximately 5%. The current options-implied move is about 7.7%, suggesting traders are anticipating a much larger shift.

Options markets expect heightened movementThe 7.7% figure emerges from the volatility priced into at-the-money XRP options. Coinbase employs implied volatility and a square-root-of-time formula to estimate the standard 7-day move, a methodology commonly used in options risk management.

At today’s trading level of about $1.43 per XRP, a 7.7% swing would translate to a price change of around 11 cents upward or downward.

A stronger implied volatility reading indicates increased market demand for options, as traders seek either protection against sudden shifts or a chance to capitalize on potential breakout moves.

Options buyers, including speculators and hedgers, require significant realized movement in XRP to validate the higher premiums reflected in options prices. If XRP’s actual move stays close to its typical 5% weekly fluctuation, those who purchased options may discover they overpaid for this volatility premium.

On the other hand, should XRP experience a swing beyond its standard historical range, the elevated options pricing could ultimately be justified.

XRP currently trades around $1.43, having increased by just over 6% in the past 24 hours. Over the previous month, XRP posted gains of approximately 43.85%, and in the last 90 days, it has risen by nearly 15.95%.

Evaluating volatility risk and rewardIf XRP’s movement during the next seven days matches only the historical median near 5%, actual or “realized” volatility will fall short of market expectations, leaving options buyers with less value for the premiums paid.

Options traders require pronounced price movement in $XRP to benefit from the larger volatility premium currently embedded in the market.

Coinbase Markets is a research and trading analytics arm of the cryptocurrency exchange Coinbase, providing institutional-grade market insights and option-flow analysis.

Mini dictionary: Implied volatility, a forward-looking measure derived from option prices, estimates the market’s expectations for future price movements and is widely used by traders as a key indicator for evaluating risk and opportunity in options markets.

CryptocurrencyImplied 7-day move / Historical MedianImplied 7-day MoveHistorical Median MoveXRP1.54x7.7%5%Bitcoin1.50xNot providedNot providedEthereum1.45xNot providedNot providedSolana1.15xNot providedNot provided

A recent video featuring Sidney M. Brewer, a banker and financial strategist, is generating significant attention among XRP investors. The video, shared by a Jake Claver fan account, showcases Brewer presenting a persuasive case for why XRP holders should reconsider selling their tokens and instead treat them as key components of future financial infrastructure.

Brewer outlines a new strategy for XRP holdersSidney Brewer, who is not independently confirmed as a billionaire but is known in financial circles for his advisory work, outlined his philosophy on XRP in the viral clip. He encouraged holders to retain at least 10,000 XRP in cold storage within an irrevocable private trust. From there, Brewer recommends using these holdings as collateral within a blockchain environment, rather than liquidating them for short-term gains.

He explained that selling XRP simply returns the tokens to market circulation, opening the door for institutions and traditional financial entities to acquire them at the expense of retail investors. Brewer contrasted what he described as two competing camps in the financial ecosystem: one involving the Bank for International Settlements (BIS) and global central banks, and the other, a private network of banking institutions preparing for a broad blockchain-based transformation.

Brewer encourages XRP holders to “leverage, collateralize, and put everything on the blockchain,” arguing that “selling XRP puts the tokens back on the market, where institutional players are ready to buy them.”

He underscores his belief that holding and leveraging XRP will better position individuals in any coming realignment within the financial sector.

Mini dictionary: Bank for International Settlements (BIS), an international financial institution that serves central banks in their pursuit of monetary and financial stability.

Tokenize assets to unlock value without sellingBrewer’s strategy extends beyond just holding XRP. He advised holders to tokenize a broad range of personal assets, including properties and businesses, using blockchain technology. According to Brewer, this approach allows investors to collateralize their holdings for liquidity purposes, giving them access to financing benefits without incurring the tax liabilities associated with a direct sale.

He specifically warned that large conversions of XRP to fiat could create significant tax obligations for holders, observing that buying high-value assets such as vehicles or real estate with realized crypto gains could trigger intensive scrutiny from tax authorities. Brewer described this as a common mistake among new investors who may not understand how to optimally manage digital asset wealth.

By placing XRP and other tokenized assets into an irrevocable private trust, Brewer claims holders can gain the rights and advantages of “private bankers,” accessing capital while minimizing taxable events.

He argued that tokenization, collateralization, and prudent leverage may grant retail holders an edge as the landscape shifts in favor of blockchain-based finance.

Mini dictionary: Tokenization, the process of converting ownership of a real-world asset into a digital token that exists on a blockchain

Link to regulatory developments and the CLARITY ActThe Jake Claver community, which actively follows XRP-related legal developments, linked Brewer’s approach to the proposed U.S. CLARITY Act. This legislation aims to provide a clearer regulatory framework for digital assets, a topic closely monitored by the XRP community. A Senate cloture vote on the CLARITY Act is scheduled for September 15, a date many XRP holders are watching closely.

Regardless of Brewer’s actual net worth or public profile, his arguments around holding, leveraging, and tokenizing XRP have found resonance in crypto circles, as investors weigh the benefits of decentralized finance strategies amid evolving regulations and market dynamics.

Major cryptocurrencies are locked in consolidation zones after sharp rallies, with technical structures pointing to potential breakouts or corrections if key levels are breached. The latest analysis shows Bitcoin (BTC), Ethereum (ETH), XRP, and Zcash (ZEC) holding above important moving averages but facing distinct resistance zones that could define their next moves.

XRP struggles to confirm new trend after August breakoutXRP is trading at approximately $1.398, maintaining its position above the $1.33–$1.35 support area, which aligns with a long-term moving average on the daily chart. After a volatile breakout in August altered its market structure, the asset is attempting to stabilize, but a clear upward continuation pattern has yet to emerge.

On several occasions throughout September, buyers have entered near this key support, resulting in swift recoveries from brief dips below the zone. The first major resistance is between $1.42 and $1.45, where recent rallies have repeatedly failed to advance. A decisive close above $1.45 is viewed as the trigger for a potential move toward the $1.50–$1.55 zone.

If XRP can surpass that region, attention would shift to the August high at $1.70. Momentum indicators, such as the RSI now at around 56 after a steep drop from overbought territory, suggest a more neutral environment following August’s surge. Should XRP fall below $1.33, analysts see $1.28 as the next possible support, and a deeper drop to $1.20–$1.25 may follow if sellers gain further control.

XRP has held onto most of its breakout gains, but a daily close above $1.45 is needed for a convincing bullish continuation toward higher resistance zones.

ZoneSupport LevelCurrent PriceCritical ResistanceTarget after BreakoutXRP$1.33–$1.35$1.398$1.45$1.50–$1.55Zcash leads high-volatility tradesZcash, a privacy-focused cryptocurrency developed by the Electric Coin Company, continues to exhibit intense momentum after surging from below $500 in August to a high of around $1,280 in September. Although trading remains volatile, ZEC last traded near $1,147, holding most of its recent gains.

ZEC is positioned well above all key moving averages—the shortest at $950, while others track at $800, $680, and $550 respectively. This distance underscores both its strong uptrend and the potential for sharp corrections. Heavy selling has repeatedly occurred between $1,200 and $1,280, suggesting a fiercely contested price range.

Immediate resistance lies in the $1,160–$1,200 window. Reclaiming $1,200 would bring the $1,250–$1,280 zone back into focus, while a sustained breakout there could initiate a new phase above $1,300. On the downside, support is noted at $1,050–$1,080, and failing this could push ZEC toward testing the $1,000 psychological mark, with the rising average at $950 offering additional support.

Zcash has maintained substantial gains despite volatility, but support at $1,050 is critical for sustaining its bullish trend and avoiding a slide toward $1,000.

Mini dictionary: Zcash, a privacy-oriented cryptocurrency launched in 2016, uses advanced cryptographic techniques like zk-SNARKs to enable shielded transactions that obscure sender, receiver, and transaction amounts, providing enhanced user privacy compared to most public blockchains.

ZoneSupport LevelCurrent PriceCritical ResistanceTarget after BreakoutZEC$1,050–$1,080$1,147$1,200$1,250–$1,280Bitcoin’s uptrend pauses at resistanceAfter rallying from around $63,000 in August to recent highs above $80,000, Bitcoin is consolidating near $78,250. The top cryptocurrency holds comfortably above its key moving averages, with $76,000–$77,000 acting as critical support that has held firm through multiple September tests.

A short-term moving average is converging on this support zone, reinforcing its strength. The primary upside barriers are at $79,000–$80,000, with further resistance at the $81,500–$82,000 range. Sustained daily closes above these levels would signal a resumption of the rally and potentially set up a test of new record highs.

Momentum indicators have normalized after August’s overbought conditions, with the RSI settling in the mid-50s. Bitcoin’s technical structure is seen as stable, with long-term and medium-term averages trending higher beneath the current price, limiting downside risk as long as these areas are preserved.

ZoneSupport LevelCurrent PriceCritical ResistanceTarget after BreakoutBTC$76,000–$77,000$78,250$80,000–$82,000New highsEthereum sustains gains, eyes further breakoutEthereum is consolidating at about $2,503 following an August rally that propelled it from near $1,880 to over $2,500—retaining most of the move. The current trading range, centered between $2,400 and $2,550, has formed a prominent technical zone on the daily chart over recent weeks.

With ETH still trading well above its key moving averages—short-term at $2,400 and medium-term between $2,200 and $2,260—the current consolidation reflects ongoing bullish sentiment. Resistance at $2,520–$2,560 has kept ETH in check, but a move through $2,560 could quickly see the token push toward the $2,650–$2,700 area, where a past wick stands as the next target.

Momentum has moderated without turning negative, as the RSI falls from overbought levels to the mid-50s. Primary support sits at $2,400–$2,440, with further levels at $2,300 and a moving average cluster between $2,200 and $2,250 providing additional technical buffers. Ethereum’s broader structure still favors the potential for continuation if key resistance is cleared.

ZoneSupport LevelCurrent PriceCritical ResistanceTarget after BreakoutETH$2,400–$2,440$2,503$2,560$2,650–$2,700

XRP has long traded at a fraction of Bitcoin and Ethereum’s value, but recent analysis by prominent cryptocurrency analyst Dark Defender suggests a shift could be underway. He published technical chart data spanning from 2018 through a forecast to 2027, asserting that a significant reversal in the XRP/ETH trading pair has begun.

The Elliott Wave structureDark Defender highlighted a completed five-wave bearish cycle on the XRP/ETH pair, pinpointing a Wave V low at 0.0001251 ETH. From this point, he identifies the start of a new bullish Elliott Wave sequence. The Elliott Wave Theory is a technical analysis tool in financial markets that aims to forecast trends by identifying recurring patterns in prices and investor psychology.

The analyst’s chart illustrates a five-wave impulse progressing off the recent bottom. Waves (1), (2), (3), and (4) are already depicted. Wave (3) saw XRP reach 0.0013000 ETH before retracing in Wave (4), which held above the 61.8% Fibonacci retracement at 0.0003125 ETH.

According to Dark Defender, Wave (5) could extend to the 361.8% Fibonacci projection at 0.0022380 ETH. At present ETH prices, that target implies a notional XRP price above $5.60, far surpassing the current rate of 0.0005411 ETH. He notes that the RSI indicator now shows 42.82 on the signal line and 38.35 on the main line, highlighting what he describes as a return from oversold territory after Wave (4).

XRP will not only dominate Bitcoin but also Ether, with Wave 5 expected to see XRP appreciate against both and quickly overtake them.

Mini dictionary: Elliott Wave Theory — A technical analysis framework that interprets market cycles and patterns based on investor sentiment themes, often forecasting trends in asset prices using sequences called “waves.”

XRP dominance forecastsBeyond chart analysis, Dark Defender maintains that XRP can surpass not only Ethereum, but also Bitcoin, in both value terms and perceived market leadership. The analyst stated that “XRP will not only dominate Bitcoin but also Ether,” predicting that the digital asset will “appreciate against Ether and Bitcoin, and then flip them instantly with Wave 5.” This perspective closely parallels recent remarks from David Schwartz, who remains a high-profile figure as CTO Emeritus at Ripple, the company responsible for developing and promoting XRP.

Challenging conventional valuation methods, Dark Defender argued, “Market cap in Crypto is an illusion and doesn’t represent the money poured into an asset.” He contends that crypto market capitalization, which multiplies price by supply, does not directly correspond to investor inflows or reflect the liquidity available for trading.

Market cap in crypto is an illusion and doesn’t represent the money poured into an asset. XRP will flip both Bitcoin and Ethereum.

According to his analysis, raw market cap figures do not pose a fundamental limit on XRP’s growth. That, he claims, makes the possibility of XRP surpassing Bitcoin and Ethereum in market standings arguably more likely than many traditional analysts believe.

Key chart levels and next stepsThe outlined chart scenario shows the retracement of Wave (4) potentially ending, paving the way for Wave (5) to initiate a new upward burst toward the 0.0022380 ETH mark. Fibonacci levels on the chart highlight 23.6% at 0.0007773 ETH, 38.2% at 0.0005487 ETH, and 50% at 0.0004141 ETH as short-term support levels, should price volatility persist during this phase.

LevelETH ValueDescriptionWave V bottom0.0001251Start of new bullish sequenceWave (3) peak0.0013000High before retracementWave (4) retracement0.000312561.8% FibonacciWave (5) projected target0.0022380361.8% Fibonacci; major targetCurrent price0.0005411XRP/ETH rate at time of analysis

XRP: XRP remains in post-breakout consolidation above $1.33–$1.35, with a break above $1.45 needed to reopen the path toward $1.50–$1.55.

Zcash (ZEC): ZEC retains strong bullish momentum above $1,050 despite extreme volatility, while a breakout above $1,200–$1,280 could trigger another price-discovery move.

Bitcoin (BTC): Bitcoin remains structurally bullish while holding $76,000–$77,000, but buyers need to clear the $80,000–$82,000 resistance zone to resume the broader rally.

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Ethereum (ETH): Ethereum continues to consolidate bullishly around $2,500, with a confirmed breakout above $2,560 potentially opening the way toward $2,650–$2,700.

Short-term dynamic changesFollowing a dramatic August breakout that drastically altered its short-term market structure, XRP is trying to stabilize around $1.40. The token is still having trouble establishing a distinct continuation pattern, but it is currently trading close to $1.398, well above a number of significant moving averages.

This zone has drawn buyers on several occasions in September and closely aligns with the long-term moving average that can be seen on the daily chart. In recent sessions, XRP briefly fell below the area but swiftly recovered, indicating that sellers have not yet taken control.

XRP/USDT Chart by TradingViewThe first significant resistance is between $1.42 and $1.45 above the current price. Multiple September rallies have stalled there. The structure would be significantly improved by a decisive daily close above $1.45, which could lead to another attempt at $1.50–$1.55.

Beyond that, the August wick at $1.70 continues to be the main local extreme, though XRP would require much greater momentum to overcome it. Momentum currently appears fairly balanced. After the August rally, the daily RSI fell precipitously from overbought territory and is currently at about 56.

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Because XRP has maintained the majority of its breakout gains while eliminating the extreme momentum readings, that cooling process is beneficial. The downside structure is straightforward. The current consolidation would be weakened if $1.33 were lost, and focus would shift to about $1.28, where a rising moving average offers additional possible support.

If that support also fails, the $1.20–$1.25 region would become significant. Rather than confirming a new leg higher, XRP is currently in post-breakout consolidation. Bulls are in a good position if price holds between $1.33 and $1.35, but $1.45 must be cleared before another significant expansion is likely.

Zcash's momentum is thereAfter its massive rise from below $500 in August to a peak of about $1,280 in September, Zcash continues to be one of the market's most extreme momentum trades. ZEC is currently trading close to $1,147, indicating that despite significant volatility around the highs, the token has maintained a sizable portion of the move.

ZEC/USDT Chart by TradingViewThe daily structure remains very bullish. ZEC trades significantly above all major moving averages, with the shortest average rising to about $950. Longer averages remain significantly lower at $800, $680, and $550, demonstrating how quickly prices have moved away from their prior equilibrium.

That distance, however, also poses a significant correction risk. ZEC has already experienced heavy selling between $1,200 and $1,280. Long intraday ranges and a number of large daily candles show fierce competition between buyers and profit-taking sellers.

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The price range of $1,160 to $1,200 is the immediate resistance. The recent $1,250–$1,280 high would come back into focus if $1,200 were recovered. Another price-discovery phase could be established by a clear breakout above $1,280, with $1,300 serving as the first psychological level above the current high.

About $1,050–$1,080 is the first significant support area on the downside. Following its most recent rejection, ZEC has already recovered in this area. A test of the psychological $1,000 level would become more likely if $1,050 were lost, followed by the sharply rising short-term moving average at $950.

Although volatility is very high, ZEC's trend remains bullish. The current action looks like consolidation following a vertical advance above $1,050. A deeper correction toward $1,000–$950 becomes much more likely below that level.

Bitcoin's consolidationAfter its strong August comeback, which took it from about $63,000 to over $80,000 in a matter of weeks, Bitcoin is consolidating around $78,250. Although the initial momentum has subsided, bulls still have a significant advantage on the daily chart: Bitcoin is still trading comfortably above its major moving averages.

BTC/USDT Chart by TradingViewThe immediate structure revolves around the $76,000–$77,000 support area. Since the beginning of September, Bitcoin has tested this area multiple times, but buyers have consistently prevented a more serious decline.

The short-term moving average is also approaching this zone, providing additional technical support. The first significant barrier on the upside remains $79,000–$80,000. Although Bitcoin has frequently traded above $80,000, it has not been able to sustain acceptance at that level. The next significant barrier is the recent peak between $81,500 and $82,000.

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The current consolidation would be resolved and the broader recovery could resume if the daily close were above that level. Momentum has significantly stabilized. After entering overbought territory during the August breakout, the RSI has moved back toward the mid-50s. As a result, BTC no longer exhibits the same overheated momentum conditions, but it also shows less buying pressure than during the initial rally.

There has been a major improvement in the broader technical structure. Bitcoin is currently trading above the long-term moving average at $73,000, while the medium-term averages are rising below the price.

Ethereum jumps to $2,500After one of its biggest recent upside expansions, Ethereum is still trading close to $2,500. ETH jumped from about $1,880 in August to over $2,500, and in contrast to many strong rallies, the asset has given back comparatively little of the gain.

Right now, ETH is trading at about $2,503, with price action forming a tight consolidation between about $2,400 and $2,550. This range has been the main technical structure on the daily chart for a number of weeks. The bullish argument stems from where this consolidation is taking place.

ETH/USDT Chart by TradingViewEthereum remains well above all of the main moving averages. While the medium-term averages are between $2,200 and $2,260, the shortest average has risen to $2,400. Following the August breakout, ETH has held onto its high price range rather than immediately retreating toward those averages.

Resistance remains concentrated between $2,520 and $2,560. Ethereum has tested this area several times without a convincing daily breakout. If $2,560 is eventually cleared, one notable wick reaches about $2,660, making that level the next important target. Momentum has decreased without turning bearish.

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The RSI entered overbought territory before settling in the mid-50s. This normalization will allow ETH to extend further if buyers return. The primary support is now $2,400–$2,440. The consolidation would be weakened if that area were lost, exposing the $2,300 level, followed by the rising moving-average cluster between $2,200 and $2,250.

For the time being, Ethereum's structure favors continuation over reversal. The market has absorbed the August rally without a significant decline. A confirmed break above $2,560 would significantly strengthen that setup and bring the $2,650–$2,700 area into focus.

XRP is trading at $1.38, up 1.89% over the past 24 hours, with XRP price forecast chatter picking up as South Korea lays out a concrete timetable for putting securities on blockchain rails. The Financial Services Commission has published a roadmap to move stocks, bonds, and funds onto distributed ledger infrastructure, with the first phase starting February 2027.

SOUTH KOREA IS THE LATEST MARKET MOVING ONCHAIN.

Its new roadmap covers tokenized stocks, bonds and funds, with stablecoin settlement planned in the final phase.

But this is much bigger than Korea.

Wall Street, London, the EU and Japan are all building in the same direction.… https://t.co/rQguaWMCKi pic.twitter.com/z3BvmqAMbO

— BMNR Bullz | Markets & Crypto (@BMNRBullz) September 7, 2026

Under the plan, tokenization expands beyond fractional investment products into conventional securities. The rollout is phased: privately pooled money market funds and bonds for institutional investors, unlisted stocks via a trust structure, and publicly offered fractional investment securities come first; all publicly offered securities types follow; and an on-chain payments infrastructure linked to stablecoins comes last. Infrastructure build-out falls to the Korea Securities Depository in coordination with licensed securities firms.

This lands at a delicate technical moment. XRP is consolidating near the same support band that defined its August breakout, and the next 72 hours carry two macro catalysts that could decide which way it breaks.

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XRP Price Forecast: Can XRP Price Hit $2 This Week? Based on the latest XRP price forecast, XRP’s print of $1.38 sits just above the $1.35–$1.38 zone: the heaviest-volume support band on the chart, per URPD (Unrealized Profit/Loss Distribution) data. That’s not a coincidence. This is the same shelf that held during the retest of August’s rally from roughly $0.99 to $1.69. A clean defense here keeps the broader bull structure intact; a decisive close below $1.32 opens the door to the 200-day exponential moving average near $1.27, and a further slide toward the $0.99–$1.00 macro floor becomes the bear case.

On the upside, resistance stacks at $1.47–$1.52, then $1.60, then the more meaningful $1.68–$1.72 band. A daily close above $1.72 is the trigger several analysts cite for a run at $2.00–$2.10.

Two catalysts loom large: the Federal Reserve’s September 16 meeting and a September 15 Senate cloture vote on the CLARITY Act, either of which could move sentiment fast. None of this is a guarantee: support levels break, and macro surprises happen.

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Why XRP’s Range Has Traders Looking at Early-Stage L3 Plays

XRP’s current setup rewards patience more than conviction. The token needs to hold a support line it has already tested several times, and even a clean breakout mostly just recovers August’s high. Traders looking for a wider payoff range than that, rather than an incremental grind, are increasingly scanning earlier-stage infrastructure projects. The South Korean roadmap reinforces a related theme: liquidity fragmented across separate chains is exactly the problem newer Layer 3 (L3) networks claim to solve.

LiquidChain ($LIQUID), at liquidchain.com, is one attempt at that: an L3 network designed to combine Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The presale is priced at $0.014955 and has raised over $1 million so far. The project’s pitch rests on a Unified Liquidity Layer and a Deploy-Once Architecture, which would let developers build once and reach all three ecosystems instead of splitting liquidity across bridges.

Those curious can research LiquidChain directly before drawing conclusions.

Layer 3 Is Already Here, Smart Money Knows It – Do You?

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

Ripple on the Move: Is XRP Ready for a Double-Digit Pump?

Crypto commentator Seer reignited discussion about XRP potentially overtaking Bitcoin in market capitalization by referencing past remarks from two key Ripple executives: co-founder Chris Larsen and former Chief Technology Officer David Schwartz. Seer highlighted statements from both figures that address XRP’s design improvements and its trajectory in the digital asset space.

Larsen on XRP’s Origin and IntentChris Larsen, who helped establish Ripple, reflected on the motivations behind XRP’s creation in a video shared by Seer. Larsen described collaborating with a group of experts who sought to develop a superior form of digital currency compared to Bitcoin. Their primary aim, he stated, was to create a non-governmental online currency that resolved what they saw as Bitcoin’s limitations.

Larsen cited energy consumption, transaction speed, and network capacity as areas for improvement. He emphasized the importance of creating a cryptocurrency that addressed high power usage and sluggish processing:

“A couple of years after that, there was a group of really, really smart people, way smarter than I, that I got together with, and basically they’re trying to create a better Bitcoin, if you will,” Larsen recalled, explaining the vision for “an asset that didn’t burn a lot of electricity” and was “sort of faster and had more flow through.”

He also noted the influx of entrepreneurs into the industry following these early developments.

Schwartz on XRP Overtaking BitcoinIn a separate audio discussion, David Schwartz responded to questions about whether XRP could eventually surpass Bitcoin in market presence. Schwartz, who played a significant role in the technical development of the XRP Ledger, expressed optimism about the possibility.

He suggested that XRP’s growth would not necessarily stem from Bitcoin losing value, but rather from XRP growing at a swifter pace. Schwartz commented:

“Yeah, I do,” Schwartz replied when asked if he believed XRP could flip Bitcoin, adding, “I think it wouldn’t happen from Bitcoin shrinking. It would happen from XRP growing faster than Bitcoin.”

He outlined a future where the digital asset market could expand broadly, with leading cryptocurrencies continuing significant growth even as some smaller projects disappear.

Functional and Technical Advantages ExaminedSchwartz attributed XRP Ledger’s potential for accelerated adoption to its higher speed and ability to support features not available on the Bitcoin network. He pointed out that this functionality could position the network to seize a greater share of the digital asset market as it matures.

He summarized:

“And the XRP Ledger gets more of that growth because of its higher functionality and/or higher speed and/or people are interested in features that Bitcoin can’t support.”

Seer referenced these technical aspects to argue that XRP could “flip” Bitcoin through expanding utility and faster market growth, rather than by Bitcoin declining.

Ripple is a San Francisco-headquartered technology company specializing in real-time payment solutions. Founded in 2012, it is best known for the XRP Ledger, an open-source blockchain designed to facilitate fast and low-cost international payments.

Mini dictionary: XRP Ledger, a decentralized, open-source blockchain developed by Ripple, designed for settling payments and exchanging digital assets rapidly and efficiently. Unlike Bitcoin, it uses a consensus protocol rather than proof-of-work, resulting in lower energy consumption and quicker transaction confirmation.

The broader thesis centers on the belief that XRP’s technical attributes and adoption potential could drive faster gains in its value and utility, possibly enabling it to surpass Bitcoin in overall market capitalization in the future.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Tomorrow's U.S. Senate vote on the CLARITY Act, which is meant to finally draw the line between SEC and CFTC authority, threatens to turn into a catastrophe for XRP bears.

While Capitol Hill weighs the prospects of a bill capable of rewriting the rules for the entire industry, a classic powder keg has formed on crypto exchanges: XRP shorts are one step away from the forced liquidation of $9.46 million in positions, according to CoinGlass data.

The market trigger is dangerously close. The point of maximum pain for short sellers sits at $1.4644.

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XRP monthly liquidation profile ahead of the Senate vote. Source: Liquidation Max Pain via CoinGlassWith XRP currently trading around $1.3936–$1.4001, buyers need to push the price up just 5.08%, a modest 7 cents, to trigger a cascade of stop orders. Technically, the asset is already squeezed inside a narrowing triangle and is testing its upper boundary.

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Binance has become the epicenter of the confrontation. Over the past 24 hours, futures trading volume on the exchange has doubled, open interest has jumped to $425.98 million, and short liquidations have already exceeded $1.67 million.

Bybit and Hyperliquid are showing an aggressive tilt toward longs, while sellers are trying, with little success, to hold their local line of defense on Tier-2 exchange BingX.

What is at stake in Washington (besides officials' money)The political backdrop surrounding the CLARITY Act is pushing the suspense to its limit. According to Reuters, the White House has made unprecedented concessions to secure votes from undecided senators: the administration has agreed to an amendment requiring officials to place their personal crypto holdings in blind trusts.

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Wall Street, however, remains cautious about the bill's chances amid strong opposition from the banking lobby.

XRP/USD daily chart showing consolidation breakout setup. Source: TradingViewFor XRP, the outcome of the vote will serve as a binary trigger:

Success in Washington will immediately trigger a short squeeze above $1.4644, with a technical target of $1.60, fueled by liquidated bearish positions.Failure will send the token back toward support in the $1.31–$1.35 range.Adding fuel to the fire, the U.S. Federal Reserve's interest rate meeting will follow immediately after the Senate news, guaranteeing extreme market volatility in both directions.

Ripple’s XRP is seizing the limelight After a new CLARITY Act draft was released by Senate Republicans prior to Tuesday’s important procedural vote. The new text includes statements that could impact the regulatory status of XRP and other network tokens in the United States.

XRP Gains Ground From Digital Commodity Definition Bill Morgan, a pro-XRP lawyer, pointed out the changes on X. He stated that the new language differentiates between XRP’s regulatory status and the quantity of XRP that Ripple holds.

Morgan wrote, “Under this most recent draft XRP will be a crypto commodity in secondary markets regardless of how much XRP Ripple holds.”

To tease Bitcoin maximalists, he declared, “Deal with it Bitcoin maxis.”

However, both XRP and Ripple are not named in the bill. Morgan’s statement is a general application of the draft’s network-token provisions to XRP. Thus, the language may become a crucial aspect of the continued XRP regulatory clarity.

The proposed legislation provides a definition for “digital commodity.” It is applicable to assets that are digital and can be transferred from person to person. These assets need to be also be logged on a distributed ledger.

The draft then states that the definition “includes a network token, including a network token that is an ancillary asset.”

Under this most recent draft XRP will be a crypto commodity in secondary markets regardless of how much XRP Ripple holds.

Deal with it Bitcoin maxis https://t.co/ioJpbBlsyo

— bill morgan (@Belisarius2020) September 14, 2026

The network-token language is of special importance for XRP. The CLARITY Act draft defines ancillary asset separately as a network token the value of which is dependent on entrepreneurial or managerial activities that are associated with an originator, or related to the originator.

There is no change in any provision of the legislation that will cause an ancillary asset to cease to be a network token. Under Morgan’s interpretation that distinction may prove to be of importance for XRP.

Treatment of Secondary Market Crypto Sales It has direct wording for secondary transactions in the draft. The sale or distribution of a network token before the law goes into effect “shall be treated as not involving” a security transaction under certain provisions of federal securities law, it says.

That clause seems to be a major component of Morgan’s XRP claim. It stresses on the transaction and the nature of the network token. It does not establish a rule that an creator’s crypto holdings automatically change that treatment.

The draft also covers XRP’s potential market access. It is not possible to prohibit a network token from being listed on a digital commodity exchange just because it is a network token.

The crypto market structure bill does contain provisions with respect to ownership. Some of the holders may be deemed “related persons” if they have certain ownership percentages.

Those provisions can lead to restrictions or disclosures. They do not mention that originator’s like Ripple having a massive stake in XRP automatically prevents the native crypto from getting digital commodity treatment on secondary markets.

For regulatory-compliant crypto trading, visit our page on Best Regulated Crypto Exchanges in the USA.

XRP (CRYPTO: XRP) on Monday broke above $1.38 after a buildup of short liquidations, with liquidity pockets higher serving as potential next targets.

Does XRP Lack Buying Strength?On Sept. 13, crypto chart analyst Ali Martinez highlighted XRP’s breakout setup, identifying $1.31-$1.35 as key support and $1.38 as the breakout level.

XRP has since cleared that resistance, gaining 4% over the past 24 hours. Coinglass data shows short liquidations over the past 24 hours increasing to $2.79 million.

Martinez now predicts a “sustained close above $1.38 would confirm the move and could open the door to a rally toward $1.60”

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Open interest has dropped from $2.85 billion to $2.83 billion in a single day raising doubts if the rally lacks new buying strength and could lose momentum.

Liquidity Pockets Point To Next TargetsCryptoinsightuk on Sunday identified $1.29 as an important daily support level, with another liquidity pocket around $1.26.

The analyst highlighted hourly liquidity around $1.49 and $1.55, making those levels potential targets if XRP holds support and shorts get squeezed.

On the daily chart, an even larger liquidity cluster sits between $1.70 and $1.85.

Downside risk remains.

The trader sees liquidity near $0.96 if XRP loses its current structure but expects the larger liquidity pools overhead to eventually attract price.

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