XRP Derivatives Volume Surges as Market Awaits Clarity Act Legislation

Derivatives volume for XRP has surged 45.76% to $3.02 billion, the highest level in weeks. Options volume exploded 87.95% to $7.25 million, while open interest climbed 6.03% to $2.56 billion. These bets are being placed as the XRP price is squeezed into a decision at the apex of a descending triangle that has built since September 2025. The price is currently held between a flat horizontal support of $1.30 and a Supertrend resistance of $1.4681. This market activity follows a joint statement from the SEC and CFTC two weeks ago, which Ripple CEO Brad Garlinghouse called "truly groundbreaking" and an end to an era of lawfare. However, Garlinghouse noted that without codified legislative permanence via the Clarity Act, the risk remains that future SEC leadership may return to the approach of former Chair Gary Gensler. The Clarity Act is pending legislative passage.