Tomorrow’s U.S. Senate vote on the CLARITY Act could trigger XRP short liquidations worth $9.46 million. Short sellers must keep the price below $1.4644 to avoid liquidation, while XRP currently trades around $1.39-$1.40, requiring only a 5.08% rise to reach the maximum pain point. Binance is the epicenter of this confrontation with $425.98 million in open interest and $1.67 million in short liquidations already realized in the past 24 hours. The White House has agreed to an amendment requiring officials to place their personal crypto holdings in blind trusts to secure undecided votes in the Senate. If passed, the CLARITY Act could push XRP to $1.60; if rejected, the token could fall back to the $1.31-$1.35 range.
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