XRP Outperforms Bitcoin, Ethereum After Trump Rejects Iran Proposal, Retail Bets On CLARITY Act

Retail traders on Stocktwits linked XRP’s strength to growing expectations that the CLARITY Act could advance in the Senate this week.

• Bitcoin struggled to hold above $81,000, while Ethereum attempted to keep above $2,300 on Monday morning.
• The leading cryptocurrencies were muted after oil prices surged following President Donald Trump's rejection of Iran’s latest proposal to end the conflict.
• Dogecoin and Solana also outperformed the broader market, posting modest gains alongside XRP.

Ripple’s native token XRP (XRP) outperformed Bitcoin (BTC) and Ethereum (ETH) in morning trade on Monday as the cryptocurrency market held steady after President Donald Trump rejected Iran’s most recent proposal to end the war, leading to a surge in crude oil prices.

XRP’s price held onto gains of over 2% in the last 24 hours, leading gains among the top 10 cryptocurrencies by market capitalization. Retail sentiment around the Brad Garlinghouse-led crypto project on Stocktwits strengthened to ‘neutral’ from ‘bearish’ territory over the past day, and chatter rose to ‘high’ from ‘normal’ levels. 

Retail commentary on the platform indicated that the improvement in sentiment was driven by the expectation that the CLARITY Act may get marked up in the Senate this week. If passed, it would lend credibility to Ripple’s stablecoin Ripple USD (RLUSD). Retail sentiment around RLUSD also rose to ‘neutral’ from ‘bearish’ territory over the past day. Chatter stayed at ‘high’ levels.