XRP Price Eyes $2+ as Trump Approves CLARITY Act Ethics Language

Frank bevah
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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.
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XRP Price Target $2+ as CLARITY Act Agreement Reaches in White House
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Highlights

  • White House deal boosts XRP price outlook and regulatory confidence.
  • Institutional demand was indicated by an inflow of XRP ETF of up to 1.49 billion.
  • XRP price targets $1.20, while overbought conditions threaten short-term pullbacks.

XRP price moved higher as renewed progress on the CLARITY Act improved confidence across the cryptocurrency market. 

Bitcoin price gained 2% to $66,310, helping major digital assets extend their recovery during Tuesday’s session. The total crypto market value rose 1.25% to $2.25 trillion within the latest 24-hour period. 

The sentiment was reinforced when the White House was reported to have accepted an ethics package as attached to the legislation. 

The agreement eliminated a significant barrier to the expansion of United States crypto regulation. XRP price could target the $2 level if buying pressure continues.

Ethics Rule Trump Backed on CLARITY Act Puts DOJ in Charge.

US President Donald Trump has approved new ethics language tied to the Clarity Act, according to sources. The act would prohibit any federal officials such as the president, vice president, and congress members to issue cryptocurrencies when in office.

The proposal would as well place the Justice Department with the responsibility of enforcing the rule rather than state attorneys general. The wording is yet to be confirmed by the White House.

White House Reaches Ethics Deal on CLARITY Act

The White House has reportedly reached an agreement on ethics provisions connected to the CLARITY Act.

Journalist Eleanor Terrett disclosed that officials exchanged new verbiage with top Republicans in the Senate. The progress could eliminate the significant barrier that slowed down the negotiation.

The updated package is undergoing review by lawmakers before the bill goes through the legislative process again. The revised text can be published any time in the future, but there is no publication date mentioned by officials.

The CLARITY Act seeks to establish clearer federal rules for digital assets. It continues to be a closely monitored development in the cryptocurrency sector.

XRP ETFs Attract $2.49 Million as Total Inflows Reach $1.49 Billion

XRP exchange-traded funds recorded $2.49 million in daily net inflows as of July 20, led entirely by Bitwise. The fund also had the biggest total assets of 320.82 million assets, the biggest amount of listed XRP products. 

XRP Price Target $2+ as CLARITY Act Agreement Reaches in White House
Source: Sosovalue data

The cumulative net inflows of all funds were at $1.49 billion. The combined net assets were 1.02 billion, which is 1.46% of the market capitalization of XRP. The total trading value amounted to 11.67 million and Canary, Franklin, 21Shares, and Grayscale had no new daily inflows. The daily price increases were also made in all the listed products.

XRP Price Prediction: Can Bulls Push XRP Toward $2?

As of the reporting, the XRP price surged to $1.16, extending gains inside a rising four-hour channel. Buyers forced the XRP past the $1.12 resistance, making the level an immediate support.

The most recent action puts the next significant upside target of $1.20. A long term breakout of above $1.20 might open the way to $1.25. And if bulls mount more pressure, the XRP price could surge to $1.80-$1.90 in the near term

Momentum indicators however indicate that the rally can be short-term cooled. The RSI stood at 78.46, which means that XRP was squarely in the overbought region. Meanwhile, the MACD line remains above its signal line, supporting continued bullish momentum.

XRP Price Target $2+ as CLARITY Act Agreement Reaches in White House
Source: XRP/USDT 4-hour chart: TradingView

The pullback might re-test $1.12 then buyers will make another move forward. Failure to hold that level may expose XRP price to $1.07 support. A close under $1.07 would negatively affect the structure of the bullishness and make the downward risks more risky.

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.
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Frequently Asked Questions (FAQs)

1. Why is XRP price rising?

XRP price is gaining as CLARITY Act progress improves regulatory confidence. Broader crypto market strength also supports demand.

2. How does the White House agreement affect XRP?

The ethics agreement may remove a major legislative obstacle. Progress could improve investor confidence in XRP and other cryptocurrencies.

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

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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.