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XRP Price Forecast: XRP Finally Breaks Above $1.50 During Senate Vote, Then Pulls Back to the 100 EMA
$XRP is trading at $1.4691 on 15 May, giving back part of the CLARITY Act rally after touching $1.5000 intraday, as the bill passes the Senate Banking Committee with a 15–9 vote and moves to the Senate floor, while two Democratic senators warned that their continued support is not guaranteed.
Daily XRP Chart: $1.50 Reached and Rejected
Daily XRP price action (Source: TradingView)
The daily chart shows $XRP finally breaking above the $1.49–$1.50 resistance zone, which had capped every rally since February, reaching exactly $1.5000 intraday before pulling back. The price closed below that level and is now sitting near the 100 EMA at $1.4945 — the first major support beneath the breakout attempt.
The 20 EMA at $1.4290 and the 50 EMA at $1.4195 both remain below price and continue to provide support in the event of a broader pullback. The SAR at $1.4076 remains bullish and sits well below the current price. The 200 EMA at $1.7078 continues to act as the macro ceiling, but the symmetrical triangle that compressed price action for three months has now broken upwards. The key question is whether the CLARITY Act momentum will hold or be fully retraced before the next leg higher.
Key XRP Levels for 16 May
Resistance: $1.5000, $1.529 (0.5 Fib), $1.626 (0.618 Fib)
Support: $1.4945 (100 EMA), $1.4290 (20 EMA), $1.4076 (SAR)
Triangle: Broken to the upside, now acting as a support base
What Does the 15–9 Vote Really Mean for XRP?
The bill passed committee with a 15–9 vote, while two Democratic senators — Ruben Gallego and Angela Alsobrooks — crossed party lines to support it. This bipartisan split matters because purely partisan bills rarely survive the full Senate process. Alsobrooks voted in favour in committee but immediately conditioned her support on unresolved issues being addressed before the Senate floor vote, leaving the final vote count uncertain ahead of full Senate consideration.
Senator Catherine Cortez Masto also attempted to revive a banking industry amendment concerning deposit outflows before the vote. The amendment was ruled inadmissible, but the core issue remains unresolved. The bill now moves to the Senate floor, where it must be reconciled with the Agriculture Committee version before a full Senate vote can take place.
XRP Is Showing Strong Momentum After the Clarity Act
— $XRP is the biggest direct beneficiary of clearer US crypto regulations.
— $XRP is built for payments and cross-border money transfers. The Clarity Act gives Ripple legal clarity to expand $RLUSD (their stablecoin) within the United States.
pic.twitter.com/AwJcB25mGr
— Ash Crypto (@AshCrypto), 14 May 2026
Ash Crypto noted that $XRP is the largest direct beneficiary of clearer US cryptocurrency regulations, while the CLARITY Act provides Ripple with legal certainty to expand $RLUSD within the United States. Payment-focused assets including XLM, ADA and HBAR are benefiting from the same narrative.
XRP ETF Flows Accelerate the Catalyst
Spot XRP ETFs recorded $18.52 million in daily inflows on 14 May — the strongest single-day figure in two weeks — with buying accelerating ahead of the committee vote rather than afterwards.
The Bitwise XRP ETF led with $7.01 million, followed by Franklin XRPZ with $6.64 million and Canary XRPC with $4.87 million. Total cumulative inflows now stand at $1.37 billion, while total net assets have climbed to $1.25 billion, up from $1.14 billion three days earlier. Institutions positioned themselves ahead of the event rather than reacting after it occurred.
XRP Price Forecast: Upside and Downside Scenarios for 16 May
Upside: Holding the 100 EMA at $1.4945 into a daily close preserves the breakout structure. A clean daily close above $1.5000 opens the path towards $1.529 and then $1.626. Progress in the Senate towards merging the two committee versions of the bill, along with confirmation of Alsobrooks’ support, would likely act as the catalyst for the next leg higher.
Downside: Losing $1.4945 on a daily close brings the 20 EMA at $1.4290 back into play. If the Senate vote faces delays or Alsobrooks publicly withdraws support, $XRP could fully retrace the rally back towards $1.40, with SAR support near $1.4076.
See also: "Bitcoin Approaches Key Resistance Around $85,000"
