XRP Consolidates at $1.08-$1.12 as Markets Await CLARITY Act Progress

XRP is trading in a consolidation range around $1.08 to $1.12, unable to break through resistance at $1.15 to $1.20. The cryptocurrency has maintained support at $1.00 to $1.05 over several weeks, with sellers testing this floor repeatedly without forcing a breakdown. Exchange outflows have climbed from roughly 41 million XRP to about 123 million, indicating coins are leaving trading platforms. The consolidation occurs as markets await potential progress on the CLARITY Act, which the Senate is expected to revisit later this month after missing its original timeline.

XRP Technical Indicators Show Mixed Signals

XRP's 50-day exponential moving average (EMA) sits near $1.18, creating a confluence with resistance from sellers. The Relative Strength Index (RSI) remains below 50, while the Moving Average Convergence Divergence (MACD) has moved into positive territory. Prediction markets assign XRP nearly equal probability of testing $1.20 or revisiting the $1.00 area this month. Support levels below $1.00 are identified at $0.87 and $0.80.

CLARITY Act Senate Timeline Remains Uncertain

The CLARITY Act missed its original timeline, with the Senate expected to revisit the issue later this month. Spot XRP exchange-traded funds (ETFs) continue to attract steady inflows. Ripple has announced recent partnerships, though specific details were not provided in the source material.

FAQ

What price range is XRP currently trading in?

XRP is trading around $1.08 to $1.12, with support at $1.00 to $1.05 and resistance at $1.15 to $1.20.

When is the Senate expected to revisit the CLARITY Act?

The Senate is expected to revisit the CLARITY Act later this month after the legislation missed its original timeline.