A recent analysis by market expert Sam Daodu outlines three potential scenarios for XRP's price movement in April, hinging on the upcoming US CLARITY Act vote. Based on the data provided in the document, the outcome could significantly influence XRP's trading trajectory.
Daodu's Insights on the Banking Committee's Timeline
Daodu emphasizes that the Banking Committee has a limited timeframe to schedule a vote on the CLARITY Act before midterm politics take precedence. He believes that the next few days are crucial for determining whether XRP will continue its consolidation phase or break out of its current trading range, which has been between 128 and 145 for most of 2026.
Potential Bullish Scenario for XRP
In a bullish scenario, if the Banking Committee sets a markup date before May, Daodu suggests that XRP could see a price increase even before the vote takes place. He predicts that if the bill passes, inflows from XRP exchange-traded funds (ETFs) could surge by an additional:
- 4 to 8 billion
- 12 billion already attracted by spot ETFs
The first significant resistance level to watch is 145, where approximately 60% of XRP's circulating supply was purchased, creating a potential barrier for price movement.
Base Case Scenario for XRP
The base case scenario indicates that while discussions by the SEC may proceed positively, a lack of a markup date could keep XRP trading within its established range. Daodu anticipates that XRP might close April between 130 and 140, reflecting a modest improvement from March's close of 133, but not enough to signal a strong upward trend.
Bearish Scenario and Market Sentiment
Conversely, the bearish scenario suggests that if the markup is delayed beyond May, market sentiment could shift negatively. Daodu warns that geopolitical tensions, particularly with the ceasefire expiring on April 22, could exacerbate market stress. Should oil prices rise above 110, XRP might breach its support level at 128, potentially falling to 115, indicating a possible 13% decline from its current trading price of around 133. As of now, the industry awaits clarity on this pivotal regulatory issue.
Recent developments highlight that XRP is currently 60% cheaper than SWIFT for cross-border transactions, showcasing its advantages in the financial sector. For more details, see this article.
