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Reading: XRP rises to $1.10 as Senate vote on CLARITY Act approaches
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EdaFace Newsfeed > Latest News > Altcoin News > XRP rises to $1.10 as Senate vote on CLARITY Act approaches
Altcoin News

XRP rises to $1.10 as Senate vote on CLARITY Act approaches

vitalclick
Last updated: July 11, 2026 1:16 pm
12 hours ago
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XRP rose 1.27% to $1.10 on Friday. The value of the total cryptocurrency market increased by 1.54% to 2.19 trillion dollars. Bitcoin reached $64,002 and Ethereum rose by 3.03% to $1,790.

$1.12 resistance stands out in the technical outlook

Although the four-hour chart shows that the buying appetite has regained strength, the upward movement in XRP remained limited below the $ 1.12 level. The Relative Strength Index is at 47.48, just below the 50 level, which is considered neutral. While the MACD histogram moved into the positive zone at 0.0018, the MACD line rising above the signal line indicated a possible recovery.

If $ 1.12 is exceeded, $ 1.15 and then $ 1.20 levels may come to the fore. Below, $1.07 is watched as critical support. If this support is lost, $1.05 and the psychologically important $1.00 level may be retested.

Celal Kucuker emphasizes that most investors tend to buy after new peaks, while big players accumulate savings during periods when interest is weak.

Market analyst Celal Kucuker considers the range between 0.85 and 1.20 dollars as an accumulation zone. In Kucuker’s framework, $1.65 stands out as the threshold where the momentum can strengthen again, and the range between $3 and $3.50 stands out as the breakout zone on a larger scale. The $15 level stands out as the cycle target.

All eyes are on the Senate calendar during the CLARITY Act process

The CLARITY Act was passed by the House of Representatives on July 17, 2025, with 294 votes. The bill passed the Senate Banking Committee on May 14, 2026, by a vote of 15-9. While the Senate returns from recess on July 13, the procedural vote is expected to take place between July 13 and 17, 2026.

Mini dictionary: The CLARITY Act is a US regulatory bill that aims to clarify which agency will oversee digital assets. The bill aims to outline how supervisory authority will be shared between the SEC and CFTC.

Text conciliation talks may begin between the House of Representatives and the Senate between July 20 and 24. If both wings agree on the same text, there is a possibility that the bill will go before US President Donald Trump before the end of August. If the calendar is delayed, expectations may be postponed to September.

Democratic members of the Senate are demanding committee hearings, citing the risk of conflict of interest due to Donald Trump’s crypto investments. This debate remains one of the main areas of disagreement in the bill’s progress. If the regulation is adopted, the possibility of reducing uncertainty regarding the asset class of XRP and increasing institutional interest stands out.

Analysts draw attention to the accumulation range

EGRAG CRYPTO identifies the $0.85 to $1.20 band as a historically important macro support area. According to the analyst, XRP can maintain its long-term structure even if it retreats towards $0.85. $1.65 is the confirmation level, and the range between $3 and $3.50 is watched as a strong resistance zone.

EGRAG CRYPTO argues that XRP is in a historical accumulation band between $0.85 and $1.20, and as long as this zone is maintained, the long-term structure will not be disrupted.

Crypto Patel positions its accumulation range between $0.70 and $1.10. The analyst’s MACD evaluation indicates that a bullish crossover may occur. Patel predicts that similar technical structures have been seen before movements exceeding 1,000% in the past, and if the current support is maintained and the $ 3 level is exceeded, $ 9 and above may come to the agenda.

Total inflow reached $1.48 billion in ETF data

No net daily inflows were recorded for XRP-focused ETF products on July 9. In contrast, total cumulative inflow reached $1.48 billion and combined net assets reached $989.46 million. Bitwise ranked first in asset size with $308.15 million. Canary followed Bitwise with $252.97 million and Franklin with $249.54 million.

product provider net worth
Bitwise $308.15 million
canary $252.97 million
franklin $249.54 million
Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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