XRP is treading water around $1.08 as persistent technical weakness keeps sellers firmly in control, while growing anticipation over the U.S. Senate’s CLARITY Act injects potential for a sharp directional move. The token remains below all major exponential moving averages—the 20-day EMA at $1.1012, and the 50, 100, and 200-day averages all much higher—confirming a bearish alignment that has capped every recovery attempt since the June breakdown.
On the USDT pair, XRP has formed a well-defined descending channel, consolidating between the $1 support zone and $1.25 resistance. Buyers have repeatedly defended the lower boundary, but each bounce has stalled before reclaiming the declining 100-day moving average or challenging the channel’s upper trendline. The RSI hovering near 50 reflects a fragile equilibrium; without a decisive breakout above $1.25, the broader structure still favors a drop below $1—opening the door to significantly lower demand areas.
The XRP/BTC chart paints an even grimmer picture. The pair has remained inside a year-long descending channel, and after several failed rallies it recently broke beneath the critical horizontal support of 1,720 sats. This floor, which had repeatedly attracted buying interest, now acts as overhead resistance, with the next barrier around 1,850 sats and the 200-day moving average near 2,000 sats. The RSI’s persistent stay below its midpoint underscores that momentum continues to lean bearish.
Against this technical backdrop, the Senate CLARITY Act hearing is emerging as a potential catalyst. The legislation aims to clarify the classification of digital assets, and a favorable outcome could remove the regulatory overhang that has weighed on XRP for years. Traders are adopting a wait-and-see stance, refraining from aggressive positions until the vote provides a clearer direction. Should the CLARITY Act signal a more supportive framework, it might be the trigger needed to reverse the downtrend; otherwise, the bears are likely to test the sub-$1 levels.”
