Is XRP Price a ‘Buy’ Ahead of May 14 U.S. Crypto Bill Vote?

XRP price remained under pressure on Tuesday as investors prepared for a major U.S. regulatory decision this week. 

Bitcoin price dipped slightly below $81,000 after some consolidation, and Ethereum remained slightly below the $2,300 threshold. The crypto market valuation decreased by 0.65% in 24 hours to $2.69 trillion. The Middle East tensions also caused a decrease in market sentiment as uncertainty grew ahead of May 14 in global financial and digital asset markets.

Could XRP Rally After the Senate Banking Committee’s May 14 Crypto Session?

On May 14, the U.S. Senate’s Banking Committee is set to discuss a significant proposal seeking to shape the structure of the crypto market.

The committee chairman, Sen. Tim Scott, said the executive session will be at 10:30 a.m. in Washington, D.C., where lawmakers will be discussing the proposed Clarity Act.

The law may change the way digital assets are treated in the United States. The draft framework would give the regulators more clarity over various digital assets. The bill would also clarify the securities/commodity classification of certain tokens.

The draft also covers friction between banks and crypto businesses on the topic of stablecoins. A new provision would prohibit rewards on unused customer holdings that are backed with the dollar.

This week, the Senate committee on banking released the complete draft text of the measure, which was originally leaked to Politico.

The Senate committee on banking made the full draft copy public just before this week’s markup. The news boosted investors’ confidence and led digital asset traders to be optimistic.

Crypto investors feel that the XRP might thrive if the regulations on cryptocurrencies are made clearer by the lawmakers. Ripple’s relationship with regulators has been close due to its ongoing legal dispute with the SEC.

Analysts now believe that the May 14 session will have a short-term impact on crypto market direction. Traders are watching closely to see if the proposal moves through Congress in the next few weeks.

XRP Price Predictions: Key Levels To  Watch This Week

The XRP price traded at $1.44 after recording mild losses during the latest trading session. Traders have been watching important support levels, with the token losing almost 0.22% on the 4-hour chart.

The Relative Strength Index (RSI) stayed close to 51, suggesting a neutral momentum between buyers and sellers.

Meanwhile, Chaikin Money Flow remained positive at 0.13 during the latest trading session. Normally, high CMF readings indicate positive capital inflows over time.

If the buyers take the lead again, XRP price might test $1.47 resistance in upcoming trading periods. A breakout above that area could set up a break to the $1.50 area of interest. Strong bullish momentum could even push the token toward the $1.55 target afterward.

A drop below the $1.42 support level could expose the XRP price to further weakness. In that case, the next downside targets could be in the $1.40 and $1.35 area.

XRP ETFs Record $25.8M Daily Inflow, Highest Since January

XRP ETFs saw a record $25.8 million in inflows on May 11, the highest since January. The impressive demand spurt was led by investment products from Bitwise, Franklin and Grayscale. 

The total net investments for May reached $60 million with the latest inflow. XRP ETF products have now seen $1.35 billion in total inflows, of which just under $184 million has been added since January 1, 2025.