XRP Price Prediction as CLARITY Act Advances to the Senate Floor

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
Read full bio
coingape google news
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
XRP Price Prediction as CLARITY Act Advances to the Senate Floor
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings.

Highlights

  • XRP price climbs above $1.10 as bullish momentum strengthens further.
  • CLARITY Act advances amid growing Senate resistance and ethics concerns.
  • XRP ETFs have a value of 1.48 billion but registering zero daily inflows.

XRP price rose 3.45% to $1.10 during the reported session, following renewed strength across the cryptocurrency market.

The XRP token surged past $1.10 as buyers responded to the increasing stablecoin operations on the XRP Ledger. The supply of RLUSD has gradually migrated to XRPL, which has contributed to higher network usage and transaction demand expectations.

Meanwhile, legislators in the United States are working on another significant effort to promote digital asset market structure law. Senator Cynthia Lummis said revised CLARITY Act text could be introduced within days after nearly ten months of negotiations.

CLARITY Act Faces Crucial Senate Test

Lummis said lawmakers are ready to move the proposal forward during four consecutive Senate working weeks. She would like the bill enacted prior to the start of the August 7 recess of the chamber.

Nevertheless, the ultimate floor schedule is determined by Senate Majority Leader John Thune. It is reported that the lawmakers might start discussing the bill next week, July 20. 

The measure faces growing resistance from Democratic Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen. According to them, the current proposal is deficient in the form of powerful rules of ethics to deal with the senior government officials and cryptocurrency interests. 

Their protests are partly related to the reported crypto income and business ties of President Donald Trump. The senators warned that they might be able to vote against the bill unless significant conflict protections are included.

Democratic support is critical to the eventual passage of the bill as it may require 60 votes in the Senate. Additional contention may paralyze the floor procedure or force additional deliberations prior to a vote of decisiveness.

XRP Price Prediction: Will Bulls Extend To $1.20 Soon?

The MACD line has crossed its signal line, and the green histogram bars are still growing. The Chaikin Money Flow is 0.14, which validates positive capital inflows.

A confirmed four-hour close above $1.12 could push the XRP price outlook toward the $1.15 resistance level.

XRP Price Prediction as CLARITY Act Advances to the Senate Floor
Tradingview

A Breaking $1.15 can allow a greater climb into the larger target of $1.20. Nevertheless, the next rejection at around $1.12 might postpone the bullish continuation and prolong the consolidation.

The $1.07 level remains the main support during any pullback. The loss of this area might reveal $1.05 and weaken the existing recovery structure.

XRP ETF Market Stalls Daily While Total Inflows Hit $1.48B

According to SoSoValue data, XRP ETF products showed no net inflows in terms of daily net inflows on July 14. But cumulative net inflows were still high at 1.48 billion in the listed funds. The total trading value was the amount of 13.47 million, and combined net assets were 1.01 billion.

Bitwise led cumulative inflows with $493.86 million, followed by Canary Capital at $466.97 million. Franklin Templeton was the second with $413.23 million and Grayscale had 131.46 million.

Meanwhile, 21Shares showed cumulative net outflows of $20.06 million. The same session saw higher demands of crypto ETFs. Spot Bitcoin ETFs received inflows of $181 million and Ethereum funds received inflows of $58.34 million. None of the ten Ethereum ETFs reported daily net outflows.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
AD
BestChange

Instant Currency Exchange at BestChange with Ease

  • Compare Rates Across 1000+ Exchanges
  • Access 250+ Cryptocurrencies & Pairs
  • Save Time with Real-Time Price Tracking
  • Trusted & Verified Exchange Listings
MemeToro

Frequently Asked Questions (FAQs)

1. How could the CLARITY Act affect XRP?

Clearer crypto regulations could improve market confidence and support wider adoption of XRP-related services.

2. When could the Senate review the CLARITY Act?

Reports suggest lawmakers may begin considering the revised legislation during the week of July 20.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.02110055 1.52% (24h)

24 Hours volume

$986.67M

Market Cap

$64B

Max Supply

100B

Buy $XRP with Binance
About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.