XRP Rallies as Senate CLARITY Act Markup Looms, Ledger Hits Activity Records and Korean Trading Surges

XRP is pressing against a critical resistance zone as the Senate Banking Committee prepared to mark up the CLARITY Act on May 14; the committee’s markup was scheduled for 10:30 AM EST and is chaired by Sen. Tim Scott. The token was trading near $1.47, up about 2.5% over 24 hours after a brief dip to $1.43, with market attention focused on a confirmed daily close above $1.50 as the key breakout level ^[1].

On-chain metrics and network milestones are also drawing attention: reports say the XRP Ledger hit a record high in activity while large-wallet accumulation surged, according to monitoring published May 14. Observers additionally noted the ledger has processed roughly 4 billion transactions with settlement times of three to five seconds and transaction costs typically under one cent, underscoring the network’s throughput and low fees ^{[2] [3]}.

Regional trading flows may be amplifying momentum: one outlet reported that XRP overtook Bitcoin and Ethereum in South Korea and explored whether the token could reach much higher levels in local markets ^[4].

Near-term catalysts for XRP include the Senate’s CLARITY Act markup, on-chain accumulation, and regional demand; market participants will be watching price action around the $1.50 level for signals about the token’s trajectory this quarter ^{[1] [2] [4]}.