The U.S. Senate Banking Committee approved the digital asset CLARITY Act by a 15-9 vote, and the market quickly tied that regulatory step to a sharp move in XRP above $1.52. On the same day, the U.S. Senate confirmed Kevin Warsh as Federal Reserve Chair in a 54-45 vote, putting crypto regulation and monetary policy in focus at once.
Senate votes put regulation back at the center of trading
The report says the CLARITY Act is designed to create clearer rules for cryptocurrencies, and the committee approval signaled bipartisan backing. That was enough to lift sentiment across the market. Inflation still sits at the center of investor concerns, but traders responded first to the positive headlines. BTC also moved higher as risk appetite improved, tracking the same AI-linked enthusiasm that has been visible in equities.
Coinbase-Hyperliquid news adds fuel to HYPE
Another catalyst came from Coinbase, which said it will act as the official USDC treasury distributor for Hyperliquid and has acquired USDH-branded assets from Native Markets. The article describes that announcement as a major support for HYPE Coin, whose price action was compared with the kind of strength seen near bullish peaks in earlier cycles. Even during weaker market periods, HYPE was described as staying on course.
XRP traders watch resistance and support levels closely
Analyst Sherpa said excitement around Senate voting was likely to affect XRP, adding that he accumulated before the move and plans to hold until what he sees as the real peak. His first major upside target is $1.71. The technical level now under close watch is channel resistance around $1.51. According to the report, many altcoins led by BTC have already broken out of multi-week channels, while XRP had been stuck for nearly 100 days before this breakout, with the CLARITY Act serving as the trigger.
If XRP can hold support above $1.604, the article says a retest of $1.840 would not be surprising. At the same time, it warns that inflation could still lead to future rate hikes that have not been fully priced in. Sherpa also said HYPE’s momentum could reverse, with a possible drop to $35. Even with that warning, he still described Hyperliquid (HYPE) as one of the strongest altcoins to watch in the current market.