Live XRP/USD Chart
XRP/USD
XRP has broken out of a multi-month corrective phase, forming a bullish falling wedge pattern on higher timeframes that signals the end of the previous downtrend.
Bulls are eyeing a continuation toward $2, with immediate momentum pushing the asset past $1.40; secondary resistance targets sit near $1.85, and major trend acceleration could unlock if it clears $1.63. Immediate support sits near $1.23, with stronger baseline support established around $1.12
President Trump renewed pressure on Congress to advance the CLARITY Act during a high-profile White House crypto meeting featuring industry leaders, including Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong.
Momentum accelerated further as the Senate scheduled a cloture vote on the CLARITY Act. Markets responded enthusiastically to signs that legislative movement is finally progressing after months of delays.
Because Ripple spent years locked in high-stakes litigation with the SEC over whether XRP constituted a security, the token historically carried a unique regulatory discount. The CLARITY Act aims to draw a durable statutory line between SEC and CFTC oversight, making institutions more comfortable holding and utilizing digital assets.
On-chain data highlighted heavy accumulation by large wallet holders (whales) before the news. When the legislative headlines dropped, a heavy build-up of leveraged short positions triggered a massive short squeeze, supercharging XRP’s upward price velocity.
Institutional interest has provided a solid base layer for XRP. Cumulative inflows into XRP spot Exchange-Traded Funds (ETFs) have scaled past $1.52 billion, with net assets holding steady around $1.01 billion. Mild-to-steady daily inflows have returned, reinforcing long-term investor confidence.
Ripple’s ongoing expansion of its cross-border payment network and Ripple Labs’ core utility-driven infrastructure continue to anchor its fundamental value. Ripple leadership has projected a record year for corporate milestones and adoption.
Easing geopolitical tensions and shifting central bank dynamics have rotated risk-on capital back into digital assets, benefiting top-tier layer-1 networks and legacy large-cap tokens like XRP.
While spot prices and capital inflows have surged, retail perpetual futures Open Interest (OI) has occasionally lagged, signaling that a short-term consolidation phase or market cooling period could happen before the next structural leg up. Macro Sensitivity: Broader digital asset performance remains tightly correlated with macroeconomic liquidity shifts and traditional risk-asset sentiment.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 20 years of working experience in investment trading
www.fxleaders.com