to leave a comment.
▲ Bitcoin Cash (BCH), XRP (XRP)/ChatGPT generated image
Bitcoin (BTC) and XRP have entered a critical juncture that will determine market direction ahead of the U.S. cryptocurrency market structure bill (CLARITY) roundtable scheduled for May 2026.
According to CoinGape, a cryptocurrency specialized media outlet, on May 1 (local time), the global virtual asset market recently rose by approximately 1.26%, recovering to a market capitalization of $2.57 trillion, with major altcoins such as XRP and Solana (SOL) also showing a concomitant rebound.
The market points to regulatory expectations as a key variable for this rise. The U.S. Securities and Exchange Commission (SEC) is scheduled to hold a roundtable on the cryptocurrency market structure bill in May 2026, and the Senate Banking Committee is also pushing for a markup of the bill, increasing the likelihood that institutional regulatory directions will materialize. Investors are closely watching the impact of these discussions on institutional capital inflows and market stability.
Bitcoin is maintaining strong support and leading the market. The price rebounded from around $77,000. If it continues to maintain the $76,500 range, there is a possibility that it will reattempt to break through the $78,000-$79,000 resistance zone. If this zone is breached, a scenario of entering $80,000 is also open. Conversely, there are warnings that if the support line collapses, additional selling pressure could occur.
XRP is relatively maintaining a range-bound trend and exploring its direction. In the short term, breaking above $1.40 is identified as a key variable, with analysis suggesting that an upward breakout of this zone could open room for gains to $1.45 and $1.50. Conversely, if it falls below $1.35, further correction to the $1.30s is mentioned as a possibility. The RSI indicator is below 50, indicating limited upward momentum.
Ultimately, the key variable in the market is regulatory clarity. If discussions on the cryptocurrency market structure bill lead to concrete policy directions, there is a possibility of increased institutional investment and enhanced market stability. Conversely, if discussions are delayed, uncertainty could expand, and volatility could increase again. While Bitcoin's solid performance supports the overall market, XRP's direction is highly likely to diverge significantly depending on the regulatory outcome.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.