XRP has staged a modest recovery, reclaiming the $1.05 level as the US Congress moves closer to voting on the CLARITY Act, a bill that could provide long-awaited regulatory clarity for digital assets.
On June 27, XRP traded at $1.0562, up 0.81%, after sweeping below $1.05 and reversing within the same session. The bounce coincided with the largest daily inflow into US XRP spot ETFs in over six weeks: $15.63 million on June 26, the strongest since May 14. This institutional demand signals growing confidence in the asset ahead of potential legislative breakthroughs.
The CLARITY Act has advanced through parts of the legislative process, with a critical Senate window expected before Congress’ August recess. A pivotal meeting on July 17 has drawn market attention, as investors anticipate clearer rules around oversight, custody, and institutional participation. While several provisions remain under debate, the bill’s progression is widely seen as a long‑term catalyst for XRP, which has historically struggled with regulatory ambiguity versus the SEC and CFTC.
From a technical standpoint, the daily chart printed a bullish reversal signal after XRP swept liquidity near $1.0424 and reclaimed the $1.05‑$1.06 channel floor. Seasonally, July has been a strong month for XRP, averaging a 10.2% gain, though past outcomes have varied dramatically. Analysts caution that legislation alone does not guarantee immediate price gains, as markets often price in expectations ahead of official news. Still, the combination of advancing regulation, robust ETF inflows, and a constructive chart structure has renewed optimism that XRP could challenge higher resistance levels in the coming weeks.
