Top Analyst: Ripple (XRP) Poised for Third-Wave Rally

US lawmakers press for CLARITY bill vote

Reports indicate intensified lobbying in Washington as lawmakers push to pass the market-structure bill for digital assets known as the CLARITY bill before the August recess. Senator John Kennedy has urged congressional leadership to deliver a definitive vote, signaling possible near-term regulatory clarity for crypto markets.

What this could mean for Ripple and institutional adoption

For the Ripple (XRP) ecosystem and investors, the political momentum around the CLARITY bill is crucial. Removing legal uncertainties and establishing a clear regulatory framework could eliminate a major barrier to entry for banks, institutional investors, and large financial firms. Improved clarity would likely accelerate enterprise use cases, liquidity, and on-chain adoption across the US, boosting confidence in XRP among crypto funds and traditional finance participants.

Technical outlook: Elliott Wave points to a strong third wave

Prominent market analyst Ygrek Crypto, applying Elliott Wave analysis, believes XRP has completed its corrective phase and is set to enter a third wave—the most powerful stage in a trending move. This bullish scenario depends on a decisive breakout of the $1.30 to $1.60 resistance zone. A confirmed breakout above that range could attract fresh capital from institutional investors and traders, reinforcing a sustained rally.

In summary, regulatory progress around the CLARITY bill combined with a technical breakout would create favorable conditions for Ripple’s next growth phase, drawing more attention from blockchain-focused funds, banks, and mainstream crypto investors.