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CLARITY Act · US Senate ·

XRP rises 3% as $1.14 breakout turns into support test

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(CoinDesk Data)

XRP finally pushed through the $1.14 level that had capped recent attempts higher, but the move did not run cleanly into the next resistance band.

Key facts

Summary

Despite a ninth straight week of net inflows into XRP spot ETFs, most holders remain underwater, with 30-day and 365-day MVRV near minus 45% and minus 47%. Traders are watching support at $1.14 to $1.145 and resistance at $1.155 and then $1.17 to $1.20 to determine whether the move becomes a sustained uptrend. XRP finally pushed through the $1.14 level that had capped recent attempts higher, but the move did not run cleanly into the next resistance band. • XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader market uncertainty. • The CLARITY Act missed its expected timeline after the Senate adjourned for recess without a floor vote, leaving regulatory catalysts delayed.

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#CLARITY Act #US Senate