XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8

Ripple CEO Brad Garlinghouse once again confirmed at the Semafor World Economy Summit that the CLARITY Act’s target for passage is the end of May, and said that the stablecoin yield controversy that has long been hindering progress on the bill is close to being resolved. On April 15, XRP trades around $1.39, and Standard Chartered remains bullish, targeting $8.

CLARITY Act Progress: Background of the Third Timeline Adjustment

Garlinghouse’s reaffirmed May target this time is his third adjustment of the deadline for the CLARITY Act. Timeline recap: In February, he said there was an 80% chance it would pass in April; on March 27, the deadline was extended to the end of May; and it was reaffirmed again at the Semafor conference.

The bill’s core point of contention—stablecoin yield—has shown clear signs of easing. A report from the White House Council of Economic Advisers states that a comprehensive ban on stablecoin yields would cause consumers to lose $800 million per year, but the actual increase in banks’ lending capacity is only 0.02%, and this figure significantly weakens the opposition’s main argument. At present, the Senate Banking Committee plans to deliberate in late April, and if progress goes smoothly, the legislative timeline will be more urgent than the market had previously expected.

XRP Dual-Scenario Analysis: If the Bill Passes, Look at $5–10; If It Fails, It Falls Back to $1.2

(Source: Trading View)

Two-Way Scenarios Set by the Act’s Timeline

1. Bill passes in May (bullish scenario)

Standard Chartered target price: $8 (condition: full legislative passage + overall macro recovery)

Mainstream analysts’ consensus range: $5–8 (driven by institutional capital inflows resulting from the permanent clarification of commodity status)

Unofficial crypto community target: $10 (assuming institutions revalue to the maximum extent possible, not a market-wide consensus)

Key test for Q3: After the bill passes, institutional allocations begin; XRP needs to test the $2 level

2. Bill delayed again or fails (bearish scenario)

Expected to fall back to around $1.2, as a repricing-based bottom support

Current key technical levels:

Support: $1.30 (a valid bottom repeatedly tested since March)

Resistance: $1.50 (if the weekly chart holds above this level, momentum indicators will turn bullish in the May catalyst window)

Trading volume: Continues to be higher than the 30-day average, indicating the market is still actively accumulating

FAQ

If the CLARITY Act passes, what would be the specific impact on XRP?

The CLARITY Act aims to establish a regulatory framework for the U.S. digital asset market. Its core impact is to clearly confirm XRP’s status as a commodity, ending years of legal uncertainty between Ripple and the U.S. Securities and Exchange Commission. Once commodity status is confirmed through legislation, compliance-related obstacles for institutional investors’ allocations will be greatly reduced—serving as the main catalyst for XRP valuation to be repriced.

Why does Garlinghouse adjust his CLARITY Act timeline prediction three times?

The CLARITY Act involves coordination among multiple stakeholders, including the stablecoin yield controversy, bank industry lobbying, Democrats’ demands for moral provisions, and disagreements between the two parties over specific clauses. Each time the timeline is pushed back reflects that a particular bottleneck was not resolved as scheduled, rather than a fundamental change in the direction of advancing legislation. At present, the public support from the three major institutions (Coinbase, the Treasury Secretary, and the Chairman of the U.S. Securities and Exchange Commission) is the most convincing signal behind this round of timeline expectations.

What are the prerequisites for the $10 target price, and is it a market consensus?

The $10 target price mainly comes from informal analysis in the crypto community. It assumes that after the CLARITY Act is passed, institutions will revalue to the maximum extent within the following months. Mainstream institutions like Standard Chartered have a target of $8, and it is attached to the dual conditions of full passage and a macro recovery. The $10 target price is not a universal consensus; investors should treat it as a reference for an extremely optimistic scenario, not a baseline expectation.