XRP Price Prediction: XRP Eyes Recovery, but Bears Retain Control Before Senate CLARITY Vote

• XRP holds above key support as traders await U.S. crypto regulation developments.
• Weak technical signals keep sellers in control despite stable XRP price action.
• Senate CLARITY Act timeline may become XRP’s next major market catalyst.

XRP traded near $1.08 on Thursday as investors balanced weakening technical signals against growing expectations for regulatory progress in Washington. Market activity remained restrained, with traders avoiding aggressive positions ahead of a key congressional hearing focused on the CLARITY Act. 

Bears Maintain Control Despite Stable Support

XRP continues to trade below every major exponential moving average, highlighting that sellers still dominate the broader trend. The 20-day EMA sits near $1.1012, while the 50-day, 100-day, and 200-day averages remain considerably higher. This alignment confirms that bullish momentum has not returned.

Additionally, the SuperTrend indicator continues to signal downside pressure, reinforcing the cautious technical outlook. XRP recently attempted a recovery from the $1.01 to $1.04 range. However, buyers failed to push prices above the 0.382 Fibonacci retracement near $1.1172.

Now, traders closely watch the $1.0757 Fibonacci support level. A decisive break below this area could expose the recent swing low near $1.0088. Moreover, another decline could increase the possibility of a test toward the psychological $1.00 level. 

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On the upside, buyers must reclaim the $1.10 to $1.12 zone before confidence can improve. Stronger resistance remains near $1.15 and extends toward the $1.19 region.

Market Participation Remains Muted

Derivatives activity continues to reflect cautious positioning across the XRP market. Open interest has fallen to roughly $2.38 billion after reaching more than $10 billion during previous rallies. This steady decline suggests leveraged traders have reduced exposure as volatility cooled.

Besides, spot market flows continue to favor exchange outflows over inflows. Recent data recorded approximately $3.39 million in net outflows, indicating demand has yet to regain strength. 

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Although occasional buying appears, sustained accumulation remains limited. Hence, XRP may struggle to build lasting upside momentum without stronger capital entering both spot and futures markets.

Senate Timeline Could Shape Sentiment

Lawmakers will gather in New York today for a House Financial Services Committee field hearing examining how the CLARITY Act could support digital asset innovation. While the event carries no legislative authority, it may influence public discussion before the Senate vote.

Significantly, lawmakers expect the Senate to consider the legislation between July 27 and August 7. The proposal requires 60 votes, making bipartisan backing essential. Consequently, crypto investors will likely track political developments alongside technical indicators, as regulatory clarity could become the next major catalyst for XRP.

Technical Outlook for XRP Price

Key levels remain critical as XRP attempts to stabilize above long-term support while broader momentum remains bearish.

Upside levels: $1.1012 (20-day EMA), $1.1172 (0.382 Fibonacci), and $1.1506 (0.50 Fibonacci/50-day EMA) represent the first resistance cluster. A sustained breakout above these levels could open the path toward $1.1841–$1.1924 (0.618 Fibonacci and SuperTrend), followed by $1.2318 and $1.2925.

Downside levels: $1.0757 (0.236 Fibonacci) remains the immediate support, followed by the $1.0400–$1.0200 accumulation zone. A break below $1.0088 would weaken the structure significantly and increase the probability of a move toward the psychological $1.00 level.

Resistance ceiling: The $1.1924 SuperTrend level remains the key barrier that XRP must reclaim to shift the medium-term outlook back in favor of buyers.

The technical picture shows XRP consolidating beneath major moving averages after a failed recovery attempt. Falling open interest and continued spot outflows suggest traders remain cautious, although the slowing pace of liquidation indicates selling pressure may be easing. A decisive move above resistance or below support is likely to determine XRP’s next major trend.

Will XRP Go Up?

XRP’s near-term outlook depends on whether buyers can successfully defend the $1.0757 support while reclaiming the $1.10–$1.12 resistance zone. Stronger capital inflows, rising open interest, and improving market sentiment would increase the probability of a recovery toward $1.18 and potentially $1.23–$1.29. 

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However, failure to hold above $1.0757 would expose the recent support zone around $1.04–$1.02, with a break below $1.0088 potentially triggering another wave of selling. For now, XRP remains in a decisive consolidation phase, with technical confirmation likely to dictate its next directional move.