Key Takeaways
- John E. Deaton warned that the CLARITY Act could collapse as Republicans and Democrats remain divided over ethics provisions.
- XRP analyst Charusan predicts the token could reach $324.22.
- XRP Ledger accounts have surpassed eight million, although daily activity has fallen.
XRP’s price outlook has seen fresh optimism even as prominent crypto lawyer John E. Deaton warned that the long-awaited CLARITY Act could collapse due to a dispute over its ethics provisions.
Deaton’s comments come as popular XRP analyst Charusan continues to predict that the crypto will eventually reach $300, arguing that institutional settlement volumes could force its price significantly higher.
John E. Deaton Says CLARITY Act ‘Could Die’
Deaton, the founder of CryptoLaw who represented XRP holders during the SEC’s case against Ripple, questioned how the legislation could be derailed after years of regulatory uncertainty.
“After everything crypto has been through this past decade, the Clarity Act could die over ‘ethics concerns’?” Deaton wrote on X.
“Simulation confirmed. You can’t write satire this good.”
It comes after Politico reported on Thursday that Republican senators were preparing to release updated bill text following a meeting with President Donald Trump without Democratic support.
Several Democratic senators told the publication they would not support the version being presented to Trump.
The primary disagreement concerns restrictions on crypto business interests held by senior government officials, including the president.
Their support will be needed for the legislation to clear the Senate’s 60-vote threshold.
Sen. Ruben Gallego, one of the bill’s key Democratic negotiators, said Republicans were presenting Trump with ethics language that Democrats had not approved.
“They’re taking a version of the text to the president with their ethics provisions, not with anything that we agree to as Democrats,” Gallego told Politico.
“At the end of the day, we don’t have strong ethics. I don’t care what the president says. You’re not going to have the Democratic votes.”
Gallego described the language he had reviewed as “very weak,” arguing that it gave the President too much freedom to continue profiting from crypto businesses.
Moreno disputed that assessment, claiming the bill contained “the strongest ethics provision of any piece of legislation ever passed by any Congress.”
Why the CLARITY Act Matters to XRP Bulls
XRP holders have followed the negotiations particularly closely because of Ripple’s lengthy legal battle with the SEC.
Supporters believe clearer rules governing digital asset classifications, exchanges and regulator responsibilities could encourage financial institutions to expand their use of blockchain technology.
Passing the legislation could also improve wider crypto market sentiment by reducing some of the legal uncertainty that has affected US companies.
However, the CLARITY Act would not guarantee institutional adoption or directly determine its price.
That has not stopped some analysts from issuing exceptionally bullish forecasts.
In June, popular analyst Charusan published a calculation predicting that XRP would eventually reach $324.22.
“The reason I always set a $300 target is because my mathematical calculations explicitly point to $324.22,” he wrote.
“This price is the inevitable outcome of the liquidity velocity and institutional pool depth calculations behind the asset.”
Charusan’s model assumes that only 15 billion XRP would be freely available when large financial institutions begin using the network.
It also assumes that $1.2 trillion in daily volume from DTCC clearing, derivatives collateral and cross-border banking flows would enter an XRP-based settlement system.
Charusan then applies a regulatory buffer multiplier of four, producing a required liquidity pool of $4.8 trillion.
Dividing that figure by the assumed 15 billion liquid XRP supply produces a base price of $320.
He subsequently adds a 1.32% margin for network friction, supply reduction and order-book slippage, taking the target to $324.22.
“$300+ is not a wish, it is a technical necessity of the system architecture built to carry global financial volume,” he said.
In follow up posts, Charusan claims he “genuinely believes” that XRP will outpace Bitcoin and Ethereum in the future.
XRP Ledger Reaches Eight Million Activated Accounts
The bullish prediction has resurfaced as the XRP Ledger records a major network milestone.
The XRP Ledger Foundation announced on July 15 that the network had surpassed eight million activated accounts.
According to the foundation, more than $4 billion in real-world assets have been tokenized on the ledger, while AI agents have completed over one million transactions.
However, other recent activity measurements present a more cautious picture.
Daily active addresses recently fell to a 2026 low of approximately 25,350, while the pace of account creation has slowed alongside XRP’s price decline.
The network has added an average of approximately 2,300 accounts per day since March, down from around 4,800 during the third quarter of 2025.
XRP Predictions Range From $3 to $152
The network milestone comes as analysts remain sharply divided over XRP’s longer-term prospects.
Motley Fool analyst Dominic Basulto recently reduced his target to $3, arguing that widely circulated forecasts of $100 or more relied on “wildly outlandish assumptions.”
Other analysts remain considerably more optimistic, with some XRP bulls claiming the CLARITY Act could trigger a major price rally.
Crypto commentator, Oscar Ramos wrote on X:
“New $XRP millionaires in 24 days, ALL IN NOW!!!”
However, many members of the XRP community criticized the CLARITY Act prediction as excessive.
“Bro if XRP had any real use case value it would be reflected right now,” one user wrote.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
