1 Bullish Sign XRP Price May Break Out This Month

XRP price climbed 1.27% to $1.10 as the wider cryptocurrency market recorded renewed gains during active Friday trading. Bitcoin price rose 1.48% to $64,002, while Ethereum advanced 3.03% to $1,790. 

The overall crypto market rose by 1.54% to reach 2.19 trillion. The focus now shifts to the CLARITY Act in July.

CLARITY Act Moves Closer to Senate Action

H.R. 3633 was passed by the House on July 17, 2025 and received 294 votes in support. Another 134 representatives opposed the measure.

The bill intends to have a national framework on the trading, supervision, and protection of digital assets. It also divides regulatory duties between the SEC and CFTC.

The Senate Banking Committee advanced the proposal on May 14, 2026, through a 15-9 vote. That vote brought the bill further towards Senate action.

In the case of XRP, increased regulation might lessen ambiguity regarding the classification of tokens and trading. An increased legal certainty can lead to institutional participation also.

July Timeline Could Drive XRP Price Momentum

The Senate comes out of recess on July 13, which is another procedural action opportunity. However, lawmakers still face disagreements over important provisions.

Discussions involve ethics restrictions, stablecoin rewards, federal preemption, and anti-money-laundering requirements. Such problems may postpone a final vote or oblige changes.

A procedural vote may occur between July 13 and July 17. House-Senate reconciliation can occur during July 20-24.

In case both chambers vote in favour of the same text, the bill might end up in the hands of President Donald Trump before August. The loss of that window would delay till September.

🚨 #CLARITY Act Faces Fresh Scrutiny

Senate Democrats are calling for hearings into President #Trump’s crypto holdings, arguing his reported #crypto earnings raise conflict-of-interest concerns ahead of the expected release of the #CLARITYAct draft.

The ethics provision remains… pic.twitter.com/CLpnbnZcwG

— CoinGape (@CoinGapeMedia) July 10, 2026

A successful Senate push may strengthen XRP confidence this month. Nevertheless, the direction of prices will be determined by the market volume, stability of Bitcoin, and the resistance in the vicinity. Favourable development would appeal to purchasers of regulatory confidence.

XRP Price Outlook: Can Bulls Break Above $2 This Month?

The price of XRP was trading close to $1.1013 on Friday after receiving support at about $1.07. The four-hour chart depicts that buyers are back but the momentum is still weak below the resistance level of $1.12.

The relative strength index stood at 47.48, which is slightly below the 50 mark of neutrality. 

The MACD histogram became positive at 0.0018, indicating that bearish pressure might be declining. The MACD line has also crossed the signal line, indicating a potential recovery effort. 

An established break over $1.12 may pave the way to the next resistance at $1.15. Further purchases above $1.15 will put the $1.20 level into reach. 

Conversely, the downside is that $1.07 is the most important level that safeguards XRP against a further fall. The next target might be seen at $1.05, with a four-hour low below that support. Continued selling may then pull XRP price toward the psychological $1.00 level.

XRP ETF Assets Near $1 Billion as Cumulative Inflows Hit $1.48 Billion

According to SoSoValue data, XRP exchange-traded products showed no net inflows in a single day on July 9. Cumulative inflows were also at $1.48 billion with total net assets standing at $989.46 million. Bitwise dominated the market as the market leader with net assets of $308.15 million. 

Canary trailed by $252.97 million, followed by Franklin at $249.54 million. The aggregate trading value was $6.87 million, indicating a low turnover in XRP products.