Key Highlights
- XRP gained 1.27% to reach $1.10, facing critical resistance at the $1.12 threshold
- CLARITY Act cleared House approval and progressed through Senate Banking Committee review
- Senate floor vote potentially scheduled for July 13–17, 2026 timeframe
- Technical experts EGRAG CRYPTO and Crypto Patel both highlight $0.85–$1.20 as strategic accumulation territory
- Total XRP ETF cumulative inflows reached $1.48 billion, with combined net assets sitting at $989 million
XRP registered at $1.10 during Friday’s trading session, marking a 1.27% increase while the overall cryptocurrency market expanded 1.54% to achieve a $2.19 trillion aggregate market capitalization. Bitcoin advanced 1.48% to $64,002, while Ethereum posted a 3.03% gain reaching $1,790.
The four-hour technical chart reveals purchasing activity resuming, though upward momentum remains constrained beneath the $1.12 resistance barrier. The Relative Strength Index registers 47.48, positioned slightly below the neutral 50 threshold. The MACD histogram shifted to positive territory at 0.0018, with the MACD line surpassing the signal line, suggesting potential recovery momentum.
A decisive breakthrough above $1.12 would likely create pathways toward $1.15, followed by $1.20. Conversely, $1.07 represents crucial support territory. Should this level fail, XRP could decline toward $1.05 or test the psychologically significant $1.00 mark.
Market analyst Celal Kucuker shared insights via Twitter, observing that “smart money accumulates when everyone is bored.” He outlined a technical framework identifying $0.85–$1.20 as the accumulation territory, $1.65 as the momentum shift point, $3–$3.50 representing macro breakout resistance, and establishing a cycle objective of $15. His core thesis: strategic patience outweighs reactive trading.
Legislative Developments on CLARITY Act
The CLARITY Act secured House passage on July 17, 2025, receiving 294 affirmative votes. Senate Banking Committee approval followed on May 14, 2026, via a 15-9 committee decision. The Senate reconvenes following recess on July 13, with procedural voting potentially occurring between July 13 and July 17.
House-Senate reconciliation proceedings may commence during the July 20–24 period. Should both legislative chambers approve identical versions, the legislation could arrive at President Trump’s desk before August. Failure to meet this deadline would extend the timeline into September.
Senate Democratic members have expressed concerns regarding Trump’s cryptocurrency investments and are requesting hearings, highlighting potential conflict-of-interest complications connected to the CLARITY Act. The ethics framework remains a contested element in ongoing negotiations.
The proposed legislation would establish a comprehensive national structure for digital asset commerce and regulatory oversight, dividing responsibilities between the SEC and CFTC. Enhanced regulatory clarity could diminish uncertainty surrounding XRP’s asset classification and facilitate expanded institutional market entry.
Technical Analyst Price Targets
Cryptocurrency analyst EGRAG CRYPTO designated $0.85–$1.20 as historically validated macro support territory. He suggests XRP could retreat to $0.85 while preserving long-term structural integrity. His projected milestones include $1.65 for momentum confirmation, $3.00–$3.50 as substantial resistance zones, and $15 representing a complete cycle objective.
Analyst Crypto Patel positions the accumulation range between $0.70 and $1.10. His MACD technical assessment indicates a probable bullish crossover formation. Patel observed that comparable chart configurations previously preceded rallies exceeding 1,000%, and envisions potential movement toward $9 or beyond if XRP maintains present support levels and surpasses $3 resistance.
Regarding exchange-traded fund activity, XRP products recorded zero net daily inflows on July 9. Aggregate inflows total $1.48 billion, with combined net assets reaching $989.46 million. Bitwise commands the leading position with $308.15 million in managed assets, followed by Canary holding $252.97 million and Franklin managing $249.54 million.
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