XRP Rises 9.8% Ahead of Senate Clarity Bill Vote

XRP rose 9.8% during the trading session ahead of a U.S. Senate procedural vote to begin deliberations on the Clarity Act bill. The cryptocurrency later pared gains to trade around $1.41. Bitcoin.com News reported that XRP had been hovering near $1.34 on Sunday but climbed as high as $1.49 during Monday afternoon trading, marking a daily gain of 9.8%. The media outlet noted new leveraged positions entering the futures market during the price surge. Polymarket estimated a 23% chance that the Clarity Act will be enacted this year. The U.S. Senate is set to hold a cloture vote on Thursday to advance the bill's consideration.