- XRP jumped 3.25% to $1.1485, ranking third among top-50 performers, behind Ondo and Cardano.
- Reports that President Trump agreed to the Clarity Act’s stalled ethics provision sent Polymarket’s passage odds from 32% to 43%.
- XRP charts hint at more upside, but bearish signals remain that may make traders cautious.
Reports emerged late Monday that President Donald Trump agreed to the ethics provision holding the Clarity Act hostage in the Senate, a major sticking point in months of negotiations. Bitcoin climbed above $66,000 following the news, five-day spot ETF inflows surpassed $700 million, and a bounce in Asian AI stocks added to the risk-on tone.
XRP caught the wave harder than most, breaking above the $1.13 resistance that had capped every rally since late June. The price pushed to an intraday high of $1.1511, triggering roughly $2.93 million in leveraged short liquidations, and settled at $1.1485.
The Clarity Act angle matters specifically for XRP, as the legislation would formally classify it as a digital commodity. Democrats had pushed for a provision prohibiting the president and his family from directly benefiting from crypto ventures. The White House, Sen. Cynthia Lummis, and Sen. Bernie Moreno reportedly reached a deal Sunday.
Polymarket traders pushed Clarity Act passage odds to 43%, up from a recent low of 32%. The Senate must vote before heading into August recess, making the window narrow.
The daily candle looks strong, but the technicals underneath ask for patience. The Average Directional Index sits at 12.3, well below the 25 threshold that marks a confirmed trend. Today’s breakout has energy, and directional indicators tilt positive, but the 50-day average still sits below the 200-day—a death cross.
The Relative Strength Index at 58 is a brighter spot, confirming buying pressure currently outpaces selling. The Squeeze Momentum Indicator also fired two bars ago, signaling that volatility is starting to expand. What happens in the next two or three sessions will matter a lot.
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