- CLARITY Act passed the Senate Banking Committee 15-9 with bipartisan support, now heading to the Senate floor to be merged with the Agriculture Committee version
- XRP spiked to $1.55 on the news before pulling back, with the 100 EMA at $1.4945 now the key level to hold for the move to have continuation
- XRP spot ETFs pulled $18.52M in daily inflows on May 14, pushing cumulative total to $1.37B as total net assets hit $1.25B
XRP trades at $1.4691 on May 15, giving back the CLARITY Act spike after tagging $1.5000 intraday, as the bill clears the Senate Banking Committee with a 15-9 vote and heads to the floor with two Democratic senators warning their support there is not guaranteed.
XRP Daily Chart: $1.50 Tagged and Rejected
The daily chart shows XRP finally breaking above the $1.49 to $1.50 resistance zone that capped every rally since February, tagging exactly $1.5000 intraday before pulling back. Price closed below that level and is now sitting on the 100 EMA at $1.4945, the first meaningful support below the breakout attempt.
The 20 EMA at $1.4290 and 50 EMA at $1.4195 are both below price and intact as support on a wider pullback. The SAR at $1.4076 is bullish, holding well below current price. The 200 EMA at $1.7078 remains the macro ceiling, but the symmetrical triangle that compressed price for three months has now been broken to the upside. The question is whether the CLARITY Act spike holds or gets fully retraced before the next leg.
XRP Key levels for May 16:
- Resistance: $1.5000, $1.529 (0.5 Fib), $1.626 (0.618 Fib)
- Support: $1.4945 (100 EMA), $1.4290 (20 EMA), $1.4076 (SAR)
- Triangle: Broken to the upside, now acting as base
What the 15-9 Vote Actually Means for XRP?
The bill cleared committee with a 15-9 vote and two Democratic senators crossing the aisle, Ruben Gallego and Angela Alsobrooks. That bipartisan margin matters because purely partisan bills rarely survive the Senate floor. Alsobrooks voted yes in committee but immediately conditioned her floor support on outstanding issues being resolved, leaving the vote count uncertain before it reaches the full Senate.
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Senator Catherine Cortez Masto also attempted to revive a banking industry amendment on deposit flight concerns before the vote. It was ruled out of order but the underlying issue remains unresolved. The bill now moves to the Senate floor where it must be merged with the Agriculture Committee’s version before a full Senate vote can happen.
Ash Crypto noted XRP is the biggest direct beneficiary of clearer US crypto rules, with the CLARITY Act giving Ripple legal room to expand RLUSD inside the US. Payment-focused assets including XLM, ADA, and HBAR are catching the same bid for the same reason.
XRP ETF Flows Accelerating Into the Catalyst
XRP spot ETFs recorded $18.52M in daily inflows on May 14, the largest single-day figure in two weeks, with buying accelerating before the committee vote rather than after it.
Bitwise’s XRP ETF led with $7.01M, followed by Franklin’s XRPZ at $6.64M and Canary’s XRPC at $4.87M. Cumulative inflows sit at $1.37B with total net assets at $1.25B, up from $1.14B three days earlier. Institutions were positioning into the event, not reacting to it.
XRP Price Prediction: Upside and Downside for May 16
- Upside: Holding the 100 EMA at $1.4945 on a daily close keeps the breakout structure intact. A clean daily close above $1.5000 opens $1.529 then $1.626. Senate floor progress on merging the two committee versions of the bill and Alsobrooks confirming floor support would be the catalyst that drives the next leg.
- Downside: Losing $1.4945 on a daily close puts the 20 EMA at $1.4290 back in play. If the Senate floor vote faces delays or Alsobrooks withdraws support publicly, XRP retraces the full spike back toward $1.40 and the SAR at $1.4076.
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