XRP CLARITY Act: Senate Returns April 13

XRP is holding at $1.34 as traders await Senate action on the XRP CLARITY Act, with Congress returning from Easter recess on April 13 and a Banking Committee markup expected in the second half of the month.

XRP has been in a holding pattern on April 10, trading between $1.34 and $1.35 as institutional investors wait for the US Senate to act on legislation that could permanently define XRP’s regulatory status. The next window opens April 13.

According to FX Leaders, XRP held between $1.33 and $1.35 on April 10, posting modest gains of 0.8% to 1.0% over the prior 24 hours. The range trade reflects a market waiting for a binary legislative outcome rather than responding to technicals.

The Senate returns from Easter recess on April 13, with the Banking Committee markup of the CLARITY Act targeted for the second half of the month. As crypto.news reported, Polymarket currently gives the bill roughly a 63% to 66% probability of becoming law in 2026. Senator Bernie Moreno has warned publicly that missing the May window risks pushing the legislation off the calendar for the rest of the year.

What the CLARITY Act Means for XRP

The CLARITY Act would formally define XRP as a digital commodity under US law, giving banks and large asset managers the legal certainty they need to commit capital at scale. Standard Chartered analyst Geoffrey Kendrick has projected that Senate Banking Committee advancement could unlock $4 to $8 billion in additional XRP ETF inflows.

Seven US spot XRP ETFs already pulled in $1.44 billion since launching between September and December 2025, without the CLARITY Act as law. With formal legislation in place, analysts say institutional capital currently sitting on the sidelines would have permanent legal cover to enter at scale.

The Clock Is Narrowing Fast

Ripple CEO Brad Garlinghouse has already pushed his expected passage timeline from the end of April to the end of May. As crypto.news noted, TD Cowen and multiple legal analysts have warned the bill could slip off the congressional calendar entirely if it does not clear the Senate before summer, with midterm election dynamics making a post-August push nearly impossible.

Treasury Secretary Scott Bessent has publicly urged Congress to act, writing in a Wall Street Journal op-ed that “Senate floor time is scarce, and now is the time to act.” For XRP traders, the $1.34 floor may hold until the Senate shows its hand.