Popular XRP analyst Alex Cobb remains highly optimistic about XRP, saying that recent developments make it hard to ignore the token’s potential.
This is despite a market-wide crash that has shaken many crypto investors. XRP has dropped over 50% from its July peak of $3.66, frustrating its holders.
Earlier this year, XRP was the third-largest cryptocurrency, but it has now fallen to fifth place, overtaken by BNB. Many investors are unhappy with this performance, and some are moving their funds into stablecoins.
Community Figure Refuses to be Bearish on XRP
Alex Cobb, a prominent figure in the XRP community, has taken a different stance. In a post on X, Cobb stated that he refuses to become bearish on XRP, highlighting his unwavering confidence.
Notably, he indicated that the convergence of multiple catalysts drives his confidence. His commentary specifically cited confirmation from White House AI and Crypto Czar David Sacks that a markup of the long-awaited CLARITY Act is scheduled for January 2026.
As previously reported, Sacks revealed that the January timeline was finalized after a joint call between key Senate committee leaders.
Significance of the CLARITY Act
Major crypto stakeholders have emphasized the importance of the CLARITY Act, describing it as a potential turning point for the industry. The legislation will establish a clear regulatory framework for cryptocurrencies and tackle persistent market challenges. Industry participants believe the comprehensive bill could open the floodgates for increased institutional participation.
Meanwhile, after the committee completes its markup of the CLARITY Act, the bill will advance to the full Senate for a final vote. An approval will then move it to the U.S. House of Representatives for final consideration before Trump signs it into law.
Other Factors Fueling Optimism
Beyond the anticipated CLARITY Act, several additional developments may be reinforcing Cobb’s bullish outlook on XRP. In particular, rising demand for XRP spot ETFs and the emergence of digital asset treasuries centered on the token stand out as key drivers.
Notably, multiple spot XRP ETFs have launched in the U.S. following the debut of Canary’s first product last month. These funds have recorded steady inflows, prompting issuers to acquire hundreds of millions of XRP to back their shares. Collectively, these spot XRP ETFs now hold approximately $1.14 billion in total net assets. Their consistent acquisition could reduce the amount of XRP available on the open markets, potentially helping the price soar.
At the same time, institutional interest in XRP treasuries continues to grow. Several companies, including VivoPower, Wellgistics Health, and Webus International, have announced plans to establish treasuries to hold XRP.
Interestingly, Ripple recently took part in a joint initiative with Evernorth to create what is expected to become the world’s largest XRP treasury project. The deal involves the purchase and long-term holding of up to $1 billion in XRP. Evernorth will finalize its merger with Armada Acquisition Corp II next year, ahead of a planned public listing.
These catalysts, ranging from regulatory progress to accelerating institutional demand, are beginning to align, fueling increasingly bullish sentiment within the XRP community.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
