The main obstacle to XRP’s appreciation at present is getting stuck on the approval of the Clarity Act, a federal law in the United States that promises to regulate the situation of various crypto assets. After all, American regulatory agencies don’t know how to define exactly what the token represents.
The Clarity Act would classify cryptocurrencies as securities and, in preliminary versions already reported by the specialized press, would reclassify the XRP, Solana (SOL), and Dogecoin (DOGE) tokens as non-securities.