XRP Holds $1.10 as Institutional Players Build Positions Ahead of Senate Vote

Key Highlights

• XRP gained 1.27% to reach $1.10, facing critical resistance at the $1.12 level
• CLARITY Act cleared House and Senate Banking Committee, moving closer to full Senate consideration
• Senate procedural vote could occur during the July 13–17, 2026 legislative window
• Market analysts EGRAG CRYPTO and Crypto Patel highlight $0.85–$1.20 as strategic accumulation territory
• XRP exchange-traded fund cumulative flows reached $1.48 billion, with combined net assets at $989 million

XRP maintained its position at $1.10 during Friday’s trading session, posting a 1.27% increase while the overall cryptocurrency market expanded by 1.54% to achieve a $2.19 trillion aggregate valuation. Bitcoin advanced 1.48% to settle at $64,002, while Ethereum recorded a 3.03% gain, reaching $1,790.

Technical indicators on the four-hour timeframe reveal buying pressure emerging, though upward momentum remains constrained beneath the $1.12 resistance barrier. The Relative Strength Index registers 47.48, hovering slightly below the neutral 50 threshold. The MACD histogram shifted into positive territory at 0.0018, with the MACD line completing a bullish crossover above its signal counterpart, suggesting potential for continued recovery.

A decisive breakout beyond $1.12 could establish a trajectory toward $1.15, with subsequent targets at $1.20. Conversely, $1.07 represents critical support territory. A breach below this floor could trigger selling pressure toward $1.05 or the psychologically significant $1.00 level.

Market commentator Celal Kucuker shared insights on Twitter, emphasizing that “smart money accumulates when everyone is bored.” His framework outlines $0.85–$1.20 as the accumulation territory, $1.65 marking the return of bullish momentum, $3–$3.50 representing macro breakout levels, and a full cycle projection of $15. His core thesis: strategic patience outweighs reactive trading.

CLARITY Act Legislative Timeline

The CLARITY Act secured House passage on July 17, 2025, garnering 294 affirmative votes. Following this, the Senate Banking Committee approved the measure on May 14, 2026, via a 15-9 margin. With the Senate reconvening from recess on July 13, a procedural floor vote could materialize between July 13 and July 17.

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House-Senate conference negotiations may commence during the July 20–24 period. Should both legislative chambers approve identical language, the legislation could arrive at President Trump’s desk before the August recess. Missing this timeframe would postpone consideration until September.

Senate Democratic members have expressed reservations regarding Trump’s cryptocurrency portfolio, demanding additional hearings to address potential conflict-of-interest concerns related to the CLARITY Act. The ethics clause continues to generate debate during reconciliation discussions.

The proposed legislation would establish a comprehensive federal framework governing digital asset commerce and oversight, dividing regulatory authority between the SEC and CFTC. Enhanced regulatory clarity could diminish ambiguity surrounding XRP’s classification and facilitate greater institutional market entry.

Technical Accumulation Analysis

Cryptocurrency analyst EGRAG CRYPTO pinpointed $0.85–$1.20 as a historically significant macro support band. His analysis suggests XRP could test $0.85 while maintaining its broader structural integrity. His price objectives include $1.65 for momentum confirmation, $3.00–$3.50 as critical resistance zones, and $15 representing a complete cycle peak.

Analyst Crypto Patel designates the accumulation corridor between $0.70 and $1.10. His MACD technical assessment indicates an emerging bullish crossover pattern. Patel referenced comparable historical setups that generated rallies exceeding 1,000%, projecting a pathway to $9 or beyond if XRP maintains present support levels and breaks through $3 resistance.

Regarding exchange-traded fund activity, XRP products recorded zero net daily flows on July 9. Aggregate inflows total $1.48 billion, while combined net assets measure $989.46 million. Bitwise commands the largest allocation with $308.15 million in holdings, trailed by Canary at $252.97 million and Franklin at $249.54 million.

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