XRP Price News: Clarity Act Clears Committee – But Bearish Pennant Keeps Bulls in Check

XRP price broke above $1.54 today, and pumped over 7% before pulling back to around $1.48. This is one of the strongest price moves for XRP in recent weeks.

Let’s dig into the big XRP news today. The Santiment report and Clarity Act details look especially interesting for the XRP community.

Santiment: 10M+ XRP Wallets Hit 8-Year High of 45.83B Coins

Santiment reported that wallets holding at least 10 million XRP now own a combined 45.83 billion tokens. That is the highest level since May 2018. In percentage terms, these mega-whales control 68.5% of XRP’s entire circulating supply.

The chart shows the data from November 2021 to May 2026. The blue line (10M+ wallet holdings) climbed steadily from roughly 38 billion XRP in 2021 to 45.83 billion today. The orange line (percentage of supply) rose from about 60% to 68.5% over the same period. The price of XRP (candles) peaked near $1.90 in 2025, then dropped to $1.10 in February 2026, and now sits around $1.48.

The trend is clear: large holders kept accumulating through the volatility. They added coins during the price crash in early 2026 and continued buying as XRP recovered. This shows strong conviction among the biggest stakeholders. They are not selling into the recent rally. Instead, they are positioning for something bigger.

XRP News Today: Clarity Act Clears Senate Banking Committee

The CLARITY Act has officially cleared the U.S. Senate Banking Committee. That pushes XRP one step deeper into the federal regulatory process. For XRP, here is what happens next.

The bill now moves beyond the Senate Banking Committee and closer to the full Senate process. It may still need to be aligned with additional Senate committee work before reaching the Senate floor. A full Senate vote would then follow, requiring broader bipartisan support. If the Senate version differs from the House version, both chambers must reconcile the final text. Once both chambers approve the same version, the bill can move to the President for signature into law.

This is the key driver for XRP right now. Regulatory clarity would permanently remove the security classification risk. That is why whales are accumulating despite the price still being far from all-time highs.

Related XRP news: AI Agent’s Clarity Act Portfolio: XRP, LINK, and 8 Other Tokens

XRP Price Outlook Today – Bearish Pennant Still in Play

Crypto With Gopal posted a daily XRP chart. He showed a bearish pennant pattern that formed from February to May 2026. Price broke down from that pennant recently, which is a bearish signal.

The chart shows XRP trading around $1.48, below the pennant’s lower trendline. The 50-day moving average sits near $1.55, and the 200-day moving average is higher around $1.70. Volume has been declining during the pennant formation, which is typical for consolidation.

Key resistance iis at $1.55-$1.60. Bears still control momentum unless XRP reclaims that area with strong volume. Key support sits around $1.38. Losing that level could trigger another downside move in the short term.

Our take: Gopal’s analysis looks solid. The bearish pennant breakdown is a real technical concern. However, whale accumulation and Clarity Act momentum provide a fundamental counterweight. XRP could continue to range between $1.38 and $1.55 until the next catalyst arrives. A clean break above $1.60 would invalidate the bearish setup and target $1.80. A break below $1.38 would open the door to $1.25.

Traders should watch for breakout confirmation before the next major swing. The daily close above or below $1.50 will set the tone for the weekend.

All in all, the XRP price pumped above $1.54, then pulled back to $1.48. Whales with 10M+ XRP now hold an 8-year high of 45.83B coins – 68.5% of supply. The Clarity Act cleared the Senate Banking Committee, moving closer to law.

The daily chart shows a bearish pennant breakdown, with resistance at $1.55-$1.60 and support at $1.38. Short-term direction depends on which level breaks first.

FAQs

Why is XRP Price Up

Clarity Act cleared the Senate Banking Committee, boosting regulatory optimism. Whale accumulation data also showed strong conviction.

Is XRP worth keeping

Yes, but only for long‑term believers, given whale accumulation at 8‑year highs and Clarity Act momentum. Short‑term technicals show a bearish pennant, so expect volatility.

What’s happening to XRP today

XRP price pumped 7% to $1.54 on Clarity Act news, then pulled back to $1.48. A bearish pennant breakdown keeps resistance at $1.55-$1.60 and support at $1.38.

Is XRP expected to increase

XRP’s short-term outlook is dominated by bullish technical signals like a 60% probability of a breakout toward $2.70, coupled with record whale accumulation, as wallets holding over 10 million XRP increased to 45.83 billion coins at an eight-year high.
However, the anticipated rise is heavily dependent on the near-term passage of the CLARITY Act, and forecasts vary widely. Bitwise projects XRP at $6.53 by year-end, while other analysts suggest targets of $2.50 to $5 if the legislation is enacted.