XRP Surged As The CLARITY Act Advanced—And Now It’s Down 2%: What Is Happening?

by | May 15, 2026 | General

XRP (CRYPTO: XRP) spiked to $1.55 following the CLARITY Act passing the Senate Banking Committee before pulling back below $1.45

Whales Hold 45.83 Billion XRP Tokens

Wallets holding at least 10 million XRP now control 45.83 billion tokens worth $68.5 billion, representing 68.5% of circulating supply. 

This marks the highest whale concentration since May 2018, signaling major holders are accumulating rather than distributing into strength.

The spike to $1.55 occurred immediately after the Senate Banking Committee passed the CLARITY Act 15-9, legislation that could formally reinforce XRP’s regulatory status as a commodity rather than a security.

ETF Inflows Accelerate To $49.63M Weekly

U.S. XRP Spot ETFs recorded $18.52 million in net inflows Thursday, bringing weekly inflows to $49.63 million with Friday still remaining. 

Bitwise XRP (NYSE:XRP) led with $7.01 million in daily inflows, followed by Franklin XRPZ (NYSE:XRPZ) at $6.64 million and Canary XRPC (NASDAQ:XRPC) at $4.87 million. 

Last week ending May 8 posted $34.21 million cumulative, meaning this week is tracking 45% higher.

Moreover, total net assets reached $1.25 billion, with cumulative inflows hitting $1.37 billion.

Bollinger Band Breakout Confirms Momentum

XRP breached the upper Bollinger Band at $1.4850, historically signaling strong momentum. The BB squeeze that built through April has now fully released to the upside.

Today’s pullback from $1.50 is a classic upper band retest, not a reversal. The SMA at $1.4161 and SAR at $1.4076 form solid confluence support below current price.

XRP is consolidating with higher lows, suggesting mounting pressure for a potential breakout above the long-standing $1.50 resistance level.

Derivatives Activity Surges Ahead Of Vote

Trading activity and derivatives positioning increased sharply ahead of the Senate Banking Committee vote. Rising open interest indicates traders are positioning for a larger move rather than selling into strength.

Support sits at $1.41–$1.42 SMA/SAR confluence. Next target is a clean break and hold above $1.50, with full target at $1.55–$1.63. Invalidation occurs on a daily close below $1.38.

Image: Shutterstock