Banks Split on Stablecoin Yield as Clarity Act Advances

Banks are fracturing over stablecoin yields as the Clarity for Payment Stablecoins Act pushes toward markup, with lawmakers shifting focus while some institutions dig in. Ripple CEO Brad Garlinghouse weighs in on XRP's trajectory amid the regulatory time crunch, highlighting the act's potential to deliver long-sought clarity for XRP price prediction and broader crypto adoption. This comes against a backdrop of recent regulatory wins for Ripple, where Garlinghouse has repeatedly called for U.S. frameworks to match global standards, avoiding another crypto market crash like last year's volatility spikes.

On the technical front, XRP trades at $1.43 in a bullish structure, hugging both the EMA50 and EMA200 at $1.40 as rock-solid long-term support that could anchor any dips. Momentum holds neutral with RSI at 60.44, but MACD's golden cross at 0.01 screams continuation—price dances inside Bollinger Bands, testing upper resistance at $1.44 while lower support at $1.38 waits to catch exhaustion. Confluence here points to a quick pullback to that EMA cluster before blasting higher, especially if Bitcoin (BTC) sustains its hype-driven rally above key levels.