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XRP Black Swan Capitalists: The trading trend of XRP has fully absorbed the impact of the postponement of the CLARITY Act
Versan Aljarrah, founder of Black Swan Capital and well-known XRP enthusiast, expressed his views on the current trend of XRP. He believes that XRP's "trading performance appears to have fully absorbed the news of the delay of the CLARITY Act." Markets have absorbed the news that the Senate postponed the vote until September, and prices have not collapsed. Aljarrah pointed out that current prices do not reflect what may happen in the future.
Institutional capital is waiting for
Aljarrah said that what has not yet been priced is "the size of institutional capital that will not be added until regulatory clarity is clear." This is precisely the variable that current prices fail to reflect. Regulatory clarity is the trigger, and without it, this capital would remain on the sidelines.
The CLARITY Act aims to establish a legal framework to distinguish between digital assets that fall into the commodity category and securities category. For institutional investors operating under compliance requirements, this clarity will allow them to allocate funds, and several large institutions have publicly supported the bill. The postponement to September means these participants will continue to remain inactive.
XRP's trading trend seems to have fully absorbed the impact of the delay in the CLARITY Act. What has not yet been priced is the size of institutional capital that will wait for regulatory clarity before adding to its positions. The longer the delay, the greater the pressure on these capital accumulation.
Condensing arguments
Aljarrah further analyzed that "the longer the delay, the greater the pressure on these capital accumulation." The capital waiting for the green light of regulation will not disappear, but will continue to accumulate. A longer delay means more capital will pile up before the catalyst arrives.
XRP is currently trading at US$1.01. The US$1 support level has been maintained for more than 600 days under various market conditions and significant pressures. Despite the Senate's postponement of the vote, the asset did not fall below, which supported Aljarrah's argument to some extent. At $1.01, XRP shows that the market has absorbed the impact of the delay. Aljarrah's post suggested that the market has not yet priced the situation after the postponement ends.
Next window
Senate Majority Leader John Thune confirmed that the Senate plans to schedule a vote after members recess. Therefore, September becomes the next realistic window. Until then, whether the bipartisan dispute over ethical enforcement remains a key issue.
Regarding XRP, Aljarrah believes that postponing will not diminish opportunities, and many market participants support his view. The institutional capital he mentioned will not disappear over time. Passage of the bill will provide the needed framework for action for those agencies waiting.
