XRP has remained range-bound as traders weigh improving derivatives data against the absence of fresh institutional buying.
At press time, XRP price is trading at $1.12, up 1.12% over the past 24 hours. While technical indicators point to a stable market, renewed optimism surrounding the CLARITY Act has given investors another development to watch.
Also Read: XRP Ledger Activity Plunges to 25,350 Wallets as Price Holds Near $1.10
XRP Price Defends Critical Support
XRP continues to hold above the key $1.10 support level after recovering from June lows. The daily TradingView chart shows the token trading above the middle Bollinger Band at $1.0933, while the upper and lower bands stand at $1.1665 and $1.0201, respectively.
The RSI has climbed to 51.62, indicating neutral momentum with a slight bullish bias. Buyers continue defending support, but XRP still needs a sustained move above $1.17 before bullish momentum can strengthen.
Also Read: XRP Price Forecast Warns $1.12 Rejection Could Trigger Fresh Losses
Why CLARITY Act Matters for XRP Price
Market sentiment improved after crypto commentator Amonyx posted, “CONFIRMED: CLARITY Act is going to pass very soon.” The post also highlighted Senator Cynthia Lummis’ statement:
“Financial freedom is an American value. Digital assets are its newest expression. Congress should be protecting that, not ignoring it.”
Although the legislation has not yet been passed, the renewed discussion has raised expectations for clearer U.S. cryptocurrency regulation. Regulatory developments have historically influenced XRP sentiment, making the progress of the CLARITY Act an important development for investors even if it has not yet translated into a decisive price move.
XRP Price Faces Mixed Institutional Signals
According to the data from SoSoValue, Spot XRP ETF data showed no net inflows on July 14, leaving cumulative inflows at approximately $1.48 billion and total ETF assets near $1.01 billion.
At the same time, CoinGlass data shows open interest has recovered to roughly $2.4 billion after declining in June. The recovery suggests traders are rebuilding positions, though the lack of fresh ETF demand indicates institutional investors are still taking a cautious approach.
Also Read: XRP Price Slips Below Key Pattern as $1 Support Comes Into Focus
What Traders Should Watch for XRP Price
The technical picture remains balanced, with support forming around $1.09–$1.10 and immediate resistance near $1.17. A move above resistance could strengthen bullish momentum if accompanied by higher trading volume, while losing the middle Bollinger Band may expose XRP to another test of the $1.02 support level.
For now, improving derivatives activity and growing optimism around the CLARITY Act have supported market sentiment. Whether XRP can break out of its current range may depend on stronger institutional participation and further regulatory developments.
Also Read: Doppler Finance and SBI Digital Finance Expand Institutional XRP Finance in Japan
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
