The Senate’s decision to postpone voting on the CLARITY Act before its August recess has cast doubt over XRP’s anticipated institutional inflows and delayed the possibility of an $8 price target set by Standard Chartered.
This legislative delay stalls the approval of key frameworks that would enable institutional investors to enter XRP’s ETF market with confidence. Without clear regulatory guidance, funds hesitate, pushing back large-scale capital that could have driven XRP prices higher.
Such setbacks come at a time when XRP’s network activity and wallet growth show resilience despite price stagnation, similar to trends seen in other major cryptocurrencies like Ethereum and USDC. The longer this uncertainty lingers, the more it threatens XRP’s momentum among institutional players.
