Key Highlights
- XRP registered a 1.27% increase to reach $1.10, with critical resistance positioned at $1.12
- The CLARITY Act successfully cleared the House and progressed through the Senate Banking Committee
- A procedural Senate vote could occur during the July 13–17, 2026 timeframe
- Market experts EGRAG CRYPTO and Crypto Patel both highlight the $0.85–$1.20 range as a strategic accumulation window
- Total inflows into XRP ETF products reached $1.48 billion, while combined net assets approach $989 million
XRP was changing hands at $1.10 during Friday’s trading session, posting a 1.27% gain while the overall cryptocurrency market expanded by 1.54% to achieve a $2.19 trillion aggregate market capitalization. Bitcoin advanced 1.48% to $64,002, while Ethereum registered a 3.03% increase to $1,790.
The four-hour technical chart reveals buyers re-entering the market, though bullish momentum remains subdued beneath the $1.12 resistance barrier. The Relative Strength Index stands at 47.48, positioned just below the neutral 50 threshold. The MACD histogram flipped positive to 0.0018, with the MACD line crossing above its signal line, suggesting a potential recovery phase.
A decisive breakout above $1.12 could unlock movement toward $1.15, followed by $1.20. Conversely, $1.07 represents crucial support. A breakdown below this level might drive XRP toward $1.05 or the psychologically significant $1.00 mark.
Market commentator Celal Kucuker shared insights on Twitter, observing that “smart money accumulates when everyone is bored.” He outlined a price framework designating $0.85–$1.20 as the accumulation territory, $1.65 as the momentum inflection point, $3–$3.50 as the macro breakout region, and a complete cycle objective of $15. His emphasis: strategic patience outweighs reactive trading.
Legislative Developments on the CLARITY Act
The CLARITY Act secured House approval on July 17, 2025, garnering 294 supporting votes. The Senate Banking Committee moved it forward on May 14, 2026, through a 15-9 margin. The Senate reconvenes following recess on July 13, with a procedural vote potentially scheduled between July 13 and July 17.
House-Senate reconciliation discussions may unfold during July 20–24. Should both legislative chambers approve an identical version, the legislation could land on President Trump’s desk before August. Failing to meet this deadline would defer the timeline into September.
Senate Democrats have voiced apprehensions regarding Trump’s cryptocurrency investments and are advocating for hearings, highlighting conflict-of-interest considerations connected to the CLARITY Act. The ethics clause continues to represent a contentious element in ongoing discussions.
The legislation would establish a nationwide regulatory structure for digital asset commerce and supervision, dividing authority between the SEC and CFTC. Enhanced regulatory transparency could diminish ambiguity surrounding XRP’s token status and facilitate expanded institutional engagement.
Expert Price Target Analysis
Cryptocurrency analyst EGRAG CRYPTO pinpointed $0.85–$1.20 as a historically significant macro support corridor. He suggests XRP could retreat to $0.85 while maintaining its long-term structural integrity. His projected milestones include $1.65 for momentum confirmation, $3.00–$3.50 as substantial resistance levels, and $15 as a comprehensive cycle destination.
Analyst Crypto Patel designates the accumulation territory between $0.70 and $1.10. His MACD evaluation indicates a probable bullish crossover formation. Patel referenced comparable technical configurations that preceded rallies exceeding 1,000%, projecting a potential trajectory to $9 or beyond if XRP maintains present support levels and surpasses $3.
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 largest position with $308.15 million in assets, trailed by Canary at $252.97 million and Franklin at $249.54 million.
