His first major test would be the $1.50- $1.55 range, where previous rallies had repeatedly met resistance.
XRP traded at roughly $1.00 on Aug. 13, according to CoinMarketCap.
From that starting point, Soloway's range translates into the following prices:
However, if the CLARITY Act fails, he warned that XRP could retreat to $0.70, reducing its market value to approximately $44 billion.
Even a doubling to $2 would leave XRP about 45% below the $3.66 record reported by OKX in July 2025.
In that sense, Soloway's forecast is aggressive for a move lasting only a few weeks, but it would still represent only a partial recovery.
CLARITY Act Delays
The Senate has postponed action on crypto market-structure legislation until after its August recess.
Senate Majority Leader John Thune said the measure would return to the floor in September, but lawmakers still face disputes over stablecoin rewards and ethics provisions.
One prediction market cited by Investor's Business Daily put the probability of passage in 2026 at only 14% after the delay, down from 82% in February.
The Senate would also need sufficient support to overcome a filibuster, then reconcile its version with the House version before sending the legislation to the president.
That makes a September or early-October passage a low-probability, high-impact scenario rather than the market's base case.
A favorable vote could produce a sharp relief rally, but a 100% gain would still require follow-through from ETF buyers and enough spot demand to absorb profit-taking around $1.50.
Bank of Montreal Reveals XRP ETF Holdings
The second bullish headline came from the Bank of Montreal.
BMO's SEC filing, submitted Aug. 12, listed 14,271 reportable positions with a combined value of $303.651 billion.
Within that portfolio, BMO reported 323 shares of the REX-Osprey XRP ETF (XRPR) and 20 shares of the ProShares Ultra XRP ETF (UXRP), according to the filing's holdings data.
It indicates that XRP-linked products have entered the investable universe used by major financial groups.
Bullish XRP Price Predictions
Soloway is not alone in looking for an XRP price recovery, although recent forecasts vary widely in both their time horizons and assumptions.
Standard Chartered has also maintained a bullish outlook on XRP, targeting $2.80 by the end of 2026.
The bank previously projected that XRP could reach $8, but later reduced its forecast amid challenging economic conditions.
Although the downgrade highlights the uncertainty around mega growth, a move to $2.80 would still represent approximately 180% upside from $1.
Other analysts have issued substantially more aggressive XRP price forecasts.
In June 2025, technical analyst Javon Marks said XRP's long-term chart resembled the formation that preceded its historic 2017 rally.
"$XRP can be setting up here to deliver its next wave up towards the 1.618 Fib Level," Marks wrote on X.
Marks argued that a move toward the 1.618 Fibonacci extension could produce an additional 800% rally, taking XRP to approximately $21.
His most optimistic scenario placed XRP above $152 at the 2.272 Fibonacci extension.
However, the prediction remains unfulfilled. XRP traded between approximately $2.20 and $2.50 when Marks published his analysis.
It rallied to about $3.65 the following month before reversing and falling to roughly half its June 2025 price.
XRP Bull Says Token Should Already Be Worth $15, Eyes $324
As the regulatory negotiations continue, analyst Charusan doubled down on his belief that XRP remains substantially undervalued.
"If people realized what the XRPL is truly capable of, the price of XRP would be $15 right now," he wrote.
Charusan said many XRP holders did not fully understand the asset's potential, adding that he had not spent six years researching and holding the token merely for it to reach $15.
The comments reinforced his previous prediction that XRP could eventually exceed $300 and outperform Bitcoin and Ethereum.
In June, Charusan published a model that placed XRP at $324.22.
"My mathematical calculations explicitly point to $324.22," he wrote.
The model assumes that institutional adoption would reduce XRP's freely available supply to 15 billion tokens.
It also assumes that an XRP-based settlement system would process $1.2 trillion in daily cross-border banking volume.
Those assumptions make the $324 forecast highly speculative.
Top Picks for XRP
The post XRP Price Could Double if CLARITY Act Passes in October, Says Analyst, as BMO Reveals ETF Holdings appeared first on ccn.com.
