Bitcoin and XRP price prediction regained momentum as investors reacted to improving sentiment across the cryptocurrency market.
The crypto market capitalization was up 1.58% globally in 24 hours ahead of the Senate banking committee vote on May 14th.
Bitcoin price bounced back into the $80,000s after a minor sell-off earlier. Ethereum was trading around $2,300, and XRP price was around $1.40 as the market recovered.
Some of the other leading altcoins BNB, SOL, DOGE, and ADA also recorded moderate gains. Market analysts are hopeful that the Crypto Clarity Act’s approval will further catapult bulls drives even higher.
The economic forecast also appeared rosy after the U.S. President Donald Trump on his eagerness to move toward a possible Ukraine-Russia ceasefire.
U.S. Senate Banking Committee Set To Vote on Crypto Clarity Act on May 14
U.S. Senate Banking Committee lawmakers are moving closer to a key vote on the Crypto Clarity Act this coming week. The committee will consider H.R.3633 during a morning session in Washington on May 14.
The new bill aims to establish a more transparent regulatory environment for digital assets and cryptocurrency exchanges.
The meeting will also discuss several amendments to the latest text of the bill. The part of the Agriculture Committee that follows will be merged with the Senate Banking Committee’s proposal if it is approved.
🇺🇸 BREAKING: After months of setbacks, the U.S. CLARITY Act is now scheduled for a Senate Banking Committee vote on May 14. pic.twitter.com/lqAqmt1L1K
— CoinGape (@CoinGapeMedia) May 9, 2026
The new bill would then move forward to a vote on the full Senate floor in upcoming steps. Lawmakers have recently provided draft legislation language to a few members of the cryptocurrency community, according to reports.
Some remaining parts, however, are said to be still leaving room for doubts regarding certain regulatory provisions in the proposal.
Further changes are still anticipated to be made before the lawmakers finalize it ahead of an important committee vote on Thursday. The Crypto Clarity Act has had several delays in the past few months before making its way back onto the Senate’s agenda.
Bitcoin and XRP Price Prediction: Key Levels To Watch
The Bitcoin and XRP prices stayed resilient as traders watched important support levels across the cryptocurrency market. Bitcoin price has jumped by 0.96% in the last 24 hours to $80,229, recovering from earlier pressures in the market.
The CMC Fear and Greed Index stayed flat, unchanged from the previous trading day to remain at a neutral 49.
If buyers continue to hold support above $80,000, the Bitcoin long-range prediction may be back in the $80,500 to $82,000 resistance area. If it falls below that level, the pressure could rise towards the $79,752 Fibonacci support zone.
Meanwhile, XRP price rose by 3.19% over the same timeframe, trading at $1.42 close to the level, following renewed buying momentum. If the support level at $1.40 is maintained, XRP can further rally towards the $1.50 mark.
But if the momentum fails to build, the token may move towards the $1.35 area in the upcoming trading sessions.
