XRP has seen notable price movement over the past few days. The token has declined from recent highs, falling to levels not seen since 2024. This decline has caught the attention of the crypto community, with analysts and traders watching the market closely.
Interest spiked online after Joshua Dalton referenced XRP’s price in relation to the CLARITY Act. Crypto analyst Jake Claver replied to Dalton’s post, drawing attention to how market participants lost their minds at his prediction of an XRP price drop.
Claver previously predicted an XRP decline before the CLARITY Act and faced notable backlash for his prediction. He noted that many reacted strongly when he first forecasted the decline, which is now playing out.
When I say this everyone loses there minds 😭😂
— Jake Claver, QFOP (@beyond_broke) February 6, 2026
Senate Agriculture Committee Advances Crypto Legislation
The Senate Agriculture Committee recently advanced its version of a crypto market structure bill. The committee voted 12–11 along party lines to move the legislation forward.
This bill aligns closely with the House-passed CLARITY Act and focuses on clarifying the Commodity Futures Trading Commission’s (CFTC) authority over digital assets. Advancing the legislation is a major step toward regulatory clarity and signals progress for the U.S. crypto market.
Market participants view the committee’s action as positive for XRP. Clear rules reduce uncertainty and create a foundation for increased institutional participation. Traders expect that once the Senate reconciles its version with the CLARITY Act, XRP could benefit from a stronger market structure and defined oversight.
Market Trends and Expectations
XRP’s recent decline reflects a short-term price adjustment rather than structural weakness. Analysts see the token’s movement as a natural response to regulatory uncertainty. Investors are focusing on the longer-term outlook, which may improve once the CLARITY Act passes.
Claver has been bullish on XRP for years, even facing criticism in late 2025 for his bold predictions. His bearish prediction suggests temporary uncertainty before a return to the expected upward trajectory. The combination of regulatory clarity and XRP’s market positioning suggests potential for renewed momentum.
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Positive Outlook for XRP
Claver’s post reinforced that the recent decline was expected and consistent with his prior forecast. Some experts believe the CLARITY Act is XRP’s golden ticket, and this bearish phase could be an opportunity for accumulation.
The Agriculture Committee’s advancement of the bill strengthens optimism for XRP. By defining CFTC authority, the legislation provides a clear framework for market participants. While short-term volatility persists, the outlook for the token remains positive, with potential gains likely as the CLARITY Act advances toward final approval.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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