XRP Breaks Out on Clarity Act Hopes. The Charts Are Still Cautious
Bitcoin rose above $66,000 after reports that Trump agreed to an ethics provision removing a key Senate obstacle to the Clarity Act, lifting crypto sentiment alongside strong ETF inflows and broader risk-on markets. XRP benefited sharply, breaking above the $1.13 resistance that had blocked rallies since late June and reaching an intraday high of $1.1511 before settling near $1.1485, up 3.5%. The move triggered about $2.93 million in short liquidations. The Clarity Act is especially important for XRP because it would classify it as a digital commodity, reducing regulatory uncertainty and potentially improving institutional demand. Market odds of passage rose, but the Senate has only a narrow window before recess. Technically, XRP still faces mixed signals: ADX is weak at 12.3, the EMA50 remains below the EMA200, and the trend is not fully confirmed. RSI at 58 and a recent squeeze breakout suggest bullish momentum is improving. Key upside levels are $1.1563 and $1.1843; support sits near $1.1189 and $1.1035.
