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XRP Founder of Black Swan Capital: XRP prices have absorbed the CLARITY delay, but institutional funds are still waiting and see.
Versan Aljarrah, founder of Black Swan Capitalist and a major advocate of the XRP community, recently shared his views on XRP's market performance after the CLARITY delay. Aljarrah said the XRP "appears to have fully absorbed the impact of the CLARITY delay" at trading prices, which means current price levels reflect the market's absorption of the Senate's postponement of the key vote until September.
Institutional capital is still on the sidelines
Aljarrah emphasized that although the market has digested the delay-related news, there is a key factor that has not yet been reflected in the price of XRP: the size of institutional capital awaiting regulatory clarity. He explained that these large players stayed put because there was a lack of legal clarity on whether digital assets were classified as commodities or securities, which hindered large-scale capital allocation. The CLARITY bill has received public support from a number of large institutions, but continued delays have temporarily prevented this capital from entering the market.
The CLARITY Act aims to provide a legal framework for compliance-driven institutions to invest in digital assets with confidence. Aljarrah believes that as long as the bill remains pending, the full impact of institutional participation will be delayed and the market may be underestimating the potential inflow.
"XRP's trading price appears to have fully absorbed the impact of the CLARITY delay. But what has not yet been priced is the size of institutional capital that waits for clarity before daring to increase positions. The longer the delay, the greater the pressure will be on this part of capital accumulation."
Price Compression and Support Levels
In the analysis, Aljarrah described the "compression" effect in the market. He believes that the longer regulatory clarity is delayed, the more institutional capital will accumulate off-the-counter, exacerbating the market reaction when the final decision is made. This view is supported by XRP's resilience-despite wobbling market sentiment and ongoing regulatory uncertainty, the asset maintained key US$1 support for more than 600 days.
Currently, XRP is trading at US$1.01. Many market observers believe this stability suggests traders have factored in the delay of Senate votes into prices. However, Aljarrah pointed out that markets have not yet fully absorbed the full impact of potential regulatory clarity once the vote is held.
"The US$1 support level has been maintained for more than 600 days under various market conditions and tremendous pressure, which provides a realistic basis for Aljarrah's argument."
Looking forward to the September window
Senate Majority Leader John Thune said the Lawmakers plan to put the CLARITY bill to a vote after the summer recess. That makes September a critical window for any potential solution, although the two parties remain divided on ethical enforcement issues.
Aljarrah believes that the delay has not diminished XRP's opportunities, and some market participants seem to agree with him. He pointed out that institutional capital did not disappear over time, but was temporarily parked, waiting for the introduction of a legal framework to unlock new participation. For investors who pay attention to technical indicators, continuous tracking of market dynamics and policy decisions is still the basis for grasping the opportunity to enter.
