Huge Day for XRP: CLARITY Act Vote Could Spark the Next Big Move

XRP jumped hard on Monday afternoon but it was stopped. It remains at a crucial level now, just hours ahead of the highly important CLARITY Act vote. Although the entire cryptocurrency market rallied on Monday, perhaps to the surprise of a lot of people given the upcoming expectations for a Fed rate hike, XRP was at the forefront, surging from under $1.35 to $1.50 to mark a three-week peak. It was rejected there, but still remains close to $1.40 ahead of what could be a major day for all crypto assets, including XRP. XRP Braces for CLARITY Vote The US Senate is expected to vote shortly after 2 p.m. ET today on cloture for the motion to proceed with the landmark crypto market-structure legislation. It’s worth noting that this is not a final passage vote. Instead, it will show whether the bill has legs to run in the Senate, as it requires 60 votes simply to advance to formal debate. This means that Republicans need support from several Democrats or independents while also avoiding defections within their own party. The latest developments on the matter were somewhat promising as Senate Republicans released another revised version over the weekend in an attempt to address disagreement...