XRP Price Outlook as CLARITY Act Gains Law Enforcement Support

XRP Price hovered above $1.10 on Thursday after gaining 3.62% in 24 hours. The move came as traders watched the upcoming Senate vote on the CLARITY Act. Wider market strength also supported demand, with crypto value rising 1.46% to $2.14 trillion.

XRP Price Holds $1.10 as Market Recovery Expands

The XRP price remained strong at around $1.10 with buyers reentering the top digital assets. The shift was after a larger recovery after recent selling undermined confidence.

Bitcoin price surged over $61,800, contributing to the renewed altcoin demand. Ethereum price rose 5%, while Solana, Cardano, and Dogecoin recovered.

The overall crypto market increased 1.46 percent in 24 hours to reach 2.14 trillion. In the case of XRP, a firm grip above 1.10 is significant.

An upsurge above this point would boost the movement towards $1.15. Inability to hold it can continue to restrain price action.

CLARITY Act Gains Law Enforcement Support

The CLARITY Act gained its first major law enforcement endorsement from NOBLE. The group backed the Digital Asset Market Clarity Act in a letter.

The endorsement was endorsed on July 2 by journalist Eleanor Terrett via X. She has mentioned a letter that was addressed to John Thune and Chuck Schumer.

🚨NEWS: The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the Clarity Act, becoming the first major law enforcement organization to publicly support the legislation, which includes the Blockchain Regulatory Certainty Act (BRCA).

In a letter to… pic.twitter.com/j48csWyxVW

— Eleanor Terrett (@EleanorTerrett) July 2, 2026

NOBLE claimed that the bill had the potential to provide the law enforcement with new tools. The current criminal powers would also be left.

The support of the police and prosecutor groups in opposition to Section 604 is challenged. Nevertheless, the bill requires Senate floor and 60 votes.

XRP Spot ETFs Record $6.55M Inflows as Bitcoin ETFs End Outflow Streak

XRP spot ETFs recorded $6.55 million in daily net inflows on July 2, as ETF demand improved. The cumulative net inflows amounted to 1.49 billion and total net assets were 987.91 million. Value trading between listed XRP funds topped at $12.74 million.

Bitwise dominated the market with fresh inflows of $6.55 million and assets of 312.71 million. The action followed Bitcoin spot ETFs inflows of $222 million following 10 days of outflows. Etherum spot ETFs contributed to broader crypto sentiment by adding $29.08 million. The statistics represented fresh zeal among digital asset funds.

XRP Price Eyes $1.20 as Rising Channel Breakout Gains Strength

The XRP price soared to $1.1036 on the four-hour chart, extending its short-term recovery.

XRP price move within an ascending channel following a display of defense by buyers of the lower range of $1.00. The move depicts better demand following the previous weakness close to $1.06.

The XRP price now faces immediate resistance near $1.15. Breaking out higher than that would give way to $1.20.

The RSI is at a level of about 64.99 with a more superior buying pressure without going to extreme levels. Meanwhile, the CMF at 0.09 signals mild capital inflows.

In case momentum continues to gain, the XRP price can reach the $1.25-1.30 range. The region was a former rejection area on the graph.

However, the $1.10 level remains important for bulls. The decline below this level would drag XRP to the level of $1.08 and $1.06.