The price of XRP could make a huge jump once the United States introduces clear crypto regulations. This is what crypto analyst Bird says. According to him, the CLARITY Act could send a wave of institutional capital into XRP. His price target: $27.

Major investors are on the sidelines

The CLARITY Act determines, among other things, which tokens are considered securities and which are considered commodities. That clarity is currently lacking and that is holding back large investors. Many institutional parties only want to get involved when the rules are clear and they can assess their compliance risks.

Once that uncertainty disappears, a huge amount of capital could flow into crypto, according to Bird. XRP would benefit above average due to Ripple’s clear use case in international payments and the token’s high liquidity.

Ripple CEO estimates chance of approval at 90%

There is great optimism within Ripple itself. CEO Brad Garlinghouse estimates there is a 90% chance that the CLARITY Act will be signed before April. That timeline fits with the expectations of many investors that the crypto market will attract capital again as soon as regulatory clarity is provided.

Price target of $27 realistic?

Bird speaks of a possible price jump towards 27 dollars. At the current price, that would mean an increase of almost 2,000%. That sounds extreme, but the reasoning is that institutional inflows after clear regulations can fundamentally change the market.

Whether that scenario comes true depends on several factors: will the law actually be passed, how quickly will capital flow in, and how will the broader crypto market react? For now, it is a bullish scenario that hinges on the passage of the CLARITY Act.

Source: https://newsbit.nl/xrp-naar-27-dollar-clarity-act-kan-volgens-ontwikkelaar-een-enorme-rally-ontketenen/



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