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CLARITY Act Passes, Goldman Exits & XRP's Sell-The-News Signal | May 18
Audio is available on Spreaker — see link below.
The CLARITY Act advanced in the Senate and XRP dropped anyway — Goldman Sachs liquidated its $154M XRP ETF position while cumulative institutional inflows hit $1.45 billion. Today's briefing breaks down the divergence between fundamentals and price momentum heading into the May 27 XRPL amendment.
Audio is available on Spreaker — see link below.
The CLARITY Act moved forward in the Senate on May seventeenth, and XRP dropped. That's the story today.
The most telling move came from Goldman Sachs, which completely liquidated its one hundred and fifty-four million dollar XRP spot ETF position during its May portfolio rebalance. That's not a trim.
That separation matters because the ETF inflow picture looks entirely different from Goldman's move. Cumulative institutional net inflows into XRP ETFs reached one point four five billion dollars, with sixty million dollars added in the week of May twelfth through the seventeenth alone.
The technicals support the cautious read. XRP's RSI sits at thirty-seven point three, which indicates weak buying pressure but not yet a confirmed breakdown.
The potential catalyst to watch is the scheduled May twenty-seventh activation of the fixCleanup three-one-three amendment on the XRP Ledger. It addresses NFT functionality, lending mechanics, and vault improvements.
XRP's commodity classification was resolved back in March, ending a regulatory battle that dominated the narrative for years. The CLARITY Act builds on that foundation.
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