XRP's price fell 5% to approximately $1.43 on Wednesday amid a broader market downturn. Despite this, analysts remain optimistic about XRP's long-term potential, driven by the anticipated passage of the CLARITY Act in the U.S. Congress. This legislation could classify XRP as a digital commodity, enhancing its institutional appeal and facilitating adoption by banks and asset managers. Industry experts, including Sam Daodu from 24/7 Wall St., suggest that the CLARITY Act could significantly boost XRP's price, potentially surpassing key resistance levels. Standard Chartered's Geoffrey Kendrick forecasts XRP reaching $8 by 2026, contingent on the bill's passage and subsequent ETF inflows. Some projections even suggest XRP could trade between $15 and $30 if the CLARITY Act passes and Ripple secures a Federal Reserve master account, enabling full bank adoption.