A crypto whale has made a significant wager of $224,000 that XRP (CRYPTO: XRP) will remain near $1.40 through June 26 by employing a short strangle strategy on Deribit. This strategy involves selling both call and put options, allowing the trader to collect $224,500 in premiums. The bet hinges on XRP maintaining low volatility, as the cryptocurrency has fluctuated between $1.30 and $1.50 since February. However, macroeconomic factors, including inflation concerns and rising government bond yields, may lead to increased price volatility.

The recent advancement of the CLARITY Act by the Senate Banking Committee, aimed at establishing a regulatory framework for cryptocurrencies, could also influence XRP’s market behavior. Ripple, based in San Francisco, is seen as a key player in the U.S. crypto landscape, and the company has received conditional approval to establish Ripple National Trust Bank, further solidifying its regulatory standing. Currently, XRP is testing critical trendline support at $1.36, with resistance levels at $1.55 that have consistently rejected upward movements since February. The outcome of these developments could significantly impact the cryptocurrency's future price movements.