In the midst of significant market activity during Congress’s Crypto Week, XRP is currently tracking strong bullish momentum, rising over 5% to $3. The token’s seven-day implied volatility has surged to 96%, suggesting that it may fluctuate by over 10% in either direction.

The recent spike in volatility is attributed to legislative changes being contemplated in the U.S. House, including the GENIUS Act and the CLARITY Act, which could reshape the cryptocurrency landscape.

Key Highlights:

• XRP’s volatility jumped significantly, hinting at potential price changes.
• Congress is reviewing vital legislation affecting the crypto economy.
• Current price shows a marked increase, reinforcing bullish market sentiment.

According to Volmex Finance’s data, the expected swing indicates a potential change in XRP’s price of about 13%. Industry experts stress that such regulations could positively impact the market by creating a clearer framework for crypto transactions. Javier Rodriguez-Alarcón, the Chief Investment Officer at XBTO, emphasizes the importance of these regulations for institutional investment in the market, suggesting that clarity will enable smoother market participation.

“The GENIUS Act and CLARITY Act are especially important for setting institutional ground rules — clarifying how stablecoins should be issued and overseen, and formally defining the roles of the SEC and CFTC in overseeing crypto markets.”
[Translation: The GENIUS Act and CLARITY Act are crucial for establishing the rules governing stablecoin issuance and oversight, along with defining regulatory responsibilities for the SEC and CFTC in the crypto sector.]