Bitwise XRP ETF

With macro headwinds fully priced in, the Federal Reserve's decision spurred a broad rally in the crypto market, sending Bitcoin back to a high of $76,000.

XRP is trading near $1.10, miles away from its $3.84 ATH. With XRPL active addresses hitting new records and spot ETFs going live, is a massive recovery realistic?

The stalling of the Clarity Act has triggered a sell-off, sending XRP down over 9% and increasing the likelihood of a retest of the $1 level.

The procedural vote on the Clarity Act failed, sending Bitcoin below $75,000 and causing crypto stocks to plunge across the board.

As procedural voting on the CLARITY Act gets underway, cryptocurrencies generally rebounded and strengthened, with XRP surging over 5%.

XRP is the native token of the XRPL blockchain, specializing in efficient cross-border payments. If the CLARITY Act passes, it will formally establish XRP's status as a digital commodity under CFTC regulation, eliminating institutional compliance barriers and unlocking massive institutional capital. Conversely, if the bill is delayed or fails to pass, XRP will remain dependent on protection from judicial precedents, which could delay institutional adoption and exert downside pressure toward the $1 mark.