Ripple CLO Backs CLARITY Act as XRP Holds Steady at $2.17

Ripple’s Chief Legal Officer, Stuart Alderoty, has publicly endorsed the newly proposed Digital Asset Market Clarity Act, highlighting its significance in bringing much-needed regulatory clarity to the cryptocurrency industry in the United States. Alderoty emphasized that clarity in regulation should not be a contentious issue, underscoring the bill’s potential to foster a conducive environment for digital assets like XRP. The bipartisan legislation, introduced recently, aims to streamline crypto regulations, providing a structured framework for market participants. Meanwhile, XRP’s price remains stable at 2.17440000 USDT, reflecting investor confidence amid regulatory developments. This endorsement marks a critical step toward legitimizing cryptocurrencies and could pave the way for broader adoption and institutional investment in the sector.

Ripple CLO Endorses CLARITY Act to Streamline Crypto Regulation

Ripple’s Chief Legal Officer Stuart Alderoty has thrown his weight behind the newly proposed Digital Asset Market Clarity Act, calling it a pivotal MOVE toward establishing coherent cryptocurrency regulations in the United States. "Clarity shouldn’t be controversial," Alderoty stated, emphasizing the bill’s potential to create a workable regulatory environment for digital assets.

The bipartisan legislation, introduced on May 29, 2025, has garnered support from key lawmakers including Representatives French Hill, Glenn Thompson, and GOP Majority Whip Dusty Johnson. These proponents argue the CLARITY Act addresses the urgent need for adaptable regulatory frameworks that can evolve alongside the rapidly developing crypto sector.

Representative Bryan Steil highlighted the bill’s timing, noting it arrives during what he termed a "golden period" for digital assets. The legislation aims to provide businesses and investors with much-needed certainty about compliance requirements, removing obstacles that currently hinder industry growth.

Uphold to Launch XRP Staking on Flare Network Amid US Expansion Push

Uphold is venturing into XRP staking through Flare Network, signaling a strategic move to provide yield opportunities for XRP holders. The platform announced a beta program via social media, framing it as an entry point for the XRP community into smart contracts and DeFi. This development aligns with Uphold’s broader commitment to XRP, evidenced by its recent Vault self-custody wallet launch that prioritized the token.

The Flare Network, an EVM-compatible LAYER 1 blockchain, gains prominence as Tether’s omnichain USDT₀ deployment boosts its TVL. Uphold’s simultaneous UK/US crypto debit card relaunch and planned global expansion reflect a push toward mainstream crypto utility. The company’s US-focused strategy capitalizes on shifting regulatory winds, mirroring industry-wide efforts to establish footholds in evolving markets.

XRP Price Poised for Breakout as Wave Structure Suggests $18-$23 Target

XRP may be on the cusp of a significant rally, with technical analysis pointing to a potential surge toward the $18.22 to $23.20 range in the short term. A distinct Elliott Wave structure has emerged on the weekly chart, mirroring patterns that preceded a major upward move in late 2024.

Crypto analyst Dark Defender notes XRP is completing its first two waves and preparing for Wave 3. The asset recently broke a long-standing descending resistance line, with a critical mid-level target of $5.85-$6.39 serving as a springboard for higher prices. The ultimate projection sees XRP reaching $23 by November 2025 at Wave 5’s peak.

Current trading at $2.18, XRP’s technical setup echoes historical configurations that previously triggered strong rallies. Market watchers are monitoring whether the cryptocurrency can maintain momentum to hit these ambitious targets.

Fake Aramco-XRP Oil Tokenization Document Debunked

Claims of Saudi Aramco utilizing XRP Ledger for oil tokenization have been debunked after a fabricated document surfaced online. The document, which falsely cited a partnership with WhiteRock and misused a celebrity signature, lacked any official validation.

No confirmation has been issued by Saudi Aramco or WhiteRock regarding blockchain-based oil tokenization on XRPL. The fraudulent letter referenced a non-existent official, ’Sheikh Abdullah bin Khalid Al-Falih,’ and even lifted the signature of Iranian actress Mahtab Keramati.

Meanwhile, legitimate developments for XRP include VivoPower’s $121 million treasury allocation and Dubai’s real estate tokenization initiative. These tangible use cases contrast sharply with the baseless Aramco rumors.

Uphold Introduces XRP Product With Flare for Yield Rewards

Uphold, a prominent cryptocurrency exchange, has partnered with Flare Network to launch a new product enabling XRP holders to earn yield rewards. The collaboration aims to bring decentralized finance (DeFi) functionalities to XRP, expanding its utility beyond payments.

The initiative marks a strategic move to capitalize on the growing demand for yield-generating opportunities in the crypto market. By leveraging Flare’s blockchain infrastructure, Uphold seeks to provide XRP investors with access to innovative financial instruments traditionally associated with Ethereum-based DeFi protocols.

XRP’s Decade-Long Outlook: Institutional Adoption and Price Potential

XRP’s trajectory over the next decade is drawing unprecedented institutional interest, with major financial players integrating the digital asset into cross-border payment solutions. Webus International’s $300 million reserve commitment underscores growing confidence in XRP’s long-term value proposition.

Regulatory clarity has emerged as a key catalyst, accelerating adoption across critical market segments. Nan Zheng, CEO of Webus, positions the move as strategic: "Our XRP reserve reflects confidence in its role as a bridge asset for global transactions."

Price forecasts suggest transformative growth patterns as institutional barriers continue dissolving. The asset’s utility in payment corridors is reshaping corporate treasury strategies, with analysts noting a paradigm shift in how traditional finance evaluates crypto assets.