Key Highlights
- XRP surged past $1.50 as crypto markets reacted positively to the CLARITY Act vote.
- Wallets holding at least 10 million XRP now control 45.83 billion tokens, the highest since May 2018.
- The Senate Banking Committee advanced the CLARITY Act in a 15-9 bipartisan vote.
XRP jumped above the $1.50 level on Thursday, extending its weekly gains to over 7% as traders reacted to the Senate Banking Committee advancing the CLARITY Act toward a full Senate vote.
The rally pushed XRP to its strongest short-term level in weeks, with the token reclaiming a key psychological resistance zone after trading largely between $1.30 and $1.50 for much of 2026. Market sentiment across crypto also improved after the committee approved the digital asset market structure bill in a bipartisan 15-9 vote.
The latest move comes as investors increasingly position for a regulatory framework that could provide clearer classification standards for digital assets in the United States. XRP remains one of the most regulation-sensitive large-cap cryptocurrencies because of Ripple’s long-standing ties to the broader market structure debate.
Whale wallets now hold their largest XRP balance since 2018
On-chain data from Santiment further strengthened the bullish narrative behind the rally. Wallets holding at least 10 million XRP now collectively hold 45.83 billion XRP tokens, representing nearly 68.5% of the circulating supply. According to the data, this is the highest level of whale-held XRP since May 2018.
The accumulation trend suggests large holders continued adding exposure even while XRP remained trapped below major resistance zones over recent months. Whale positioning has historically been closely watched during major XRP breakouts due to the token’s concentration among large wallets.
Technically, XRP’s breakout above $1.50 places the next resistance zone near $1.60, while a sustained move higher could open the path toward the $1.80 region. Analysts had previously identified the $1.50-$1.57 range as a critical supply zone that repeatedly rejected XRP rallies throughout 2026.
The broader crypto market also moved higher following the Senate vote, with Bitcoin climbing back above $81,000 and crypto-linked equities such as Coinbase posting strong gains.
While the CLARITY Act still faces a full Senate process before potentially becoming law, the committee approval marks the most significant regulatory progress for the crypto industry in months.
Also Read: Ethereum Price Rebounds as CLARITY Vote Overrides Bearish Signals
