XRP, the native token of the Ripple payment network, rose 4.2% on Tuesday to reach $1.35 as crypto markets broadly rallied on Iran ceasefire optimism and traders positioned ahead of a pivotal legislative event. The Senate Banking Committee is scheduled to vote on the CLARITY Act in its April 16 markup session, and successful advancement would be the most significant regulatory development for XRP since Ripple Labs settled its long-running SEC dispute in 2025.
The CLARITY Act, if passed into law, would make XRP's status as a digital commodity permanent federal law rather than a regulatory interpretation subject to change with administrations. This legal certainty is the single most important factor for institutional adoption of XRP.
Ripple Expands Corporate Treasury Features
Ripple announced on April 1 that its Treasury platform launched native XRP and RLUSD stablecoin support, allowing corporate CFOs to hold and manage XRP alongside cash reserves. Ripple has partnerships with over 300 financial institutions across 55 countries using its On-Demand Liquidity product, with transaction volumes growing 40% year-over-year.
Ripple CEO Brad Garlinghouse pointed to Latin America, Southeast Asia, and the Middle East as the fastest-growing corridors for cross-border settlement using XRP as a bridge currency.
Technical Picture at Critical Juncture
Despite Tuesday's gains,