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The XRP price CLARITY Act connection has never been tighter: the Senate Banking Committee is targeting a late-April markup, and Senator Bernie Moreno has warned that failing to pass the bill by May would effectively kill it for 2026. With the Senate returning from Easter recess on April 13, the next three weeks in Washington are being framed as the most consequential period for XRP this year.
As of April 6, XRP was trading around $1.34, up 2.2% on risk-on sentiment tied to ceasefire-related developments, but still down more than 63% from its July 2025 peak of $3.65.
24/7 Wall St. reported that Q1 2026 was XRP’s worst quarter in eight years. During the quarter, XRP fell 27%, while its market capitalization shrank by nearly $29 billion. The decline occurred despite regulatory wins, including the SEC and CFTC jointly classifying XRP as a digital commodity on March 17.
Analysts argue that regulatory clarity by itself is not sufficient to unlock large-scale capital. They contend that banks and major asset managers need the CLARITY Act to become federal law before committing capital at scale. The current commodity classification is described as an interpretive release rather than legislation, and analysts note that a future administration could reverse it.
The focus now is on whether the CLARITY Act can progress quickly enough to reach the Senate floor by May. The outcome of the targeted late-April Banking Committee markup is expected to shape the near-term outlook for XRP, particularly through expectations for additional ETF inflows.

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