XRP rallies on optimism around potential Clarity Act regulatory clarity from Washington.
Regulation & Gov ·
XRP surged 3.25% to $1.1485 on Monday, placing it third among the day's top performers in the top-50 cryptocurrencies, after news that President Trump had agreed to an ethics provision that had stalled the Clarity Act in the Senate. The legislation would classify XRP as a digital commodity, potentially resolving years of regulatory uncertainty around the Ripple-linked token. Polymarket's probability estimate for the bill's passage jumped from 32% to 43% following the agreement, as traders interpreted the development as clearing a major obstacle to Senate action before the August recess.
XRP's price action broke through the $1.13 resistance level that had contained gains since late June, with an intraday peak of $1.1511 triggering approximately $2.93 million in short liquidations. The token's outperformance reflected broader appetite for risk assets; Bitcoin climbed above $66,000 and five-day spot ETF inflows exceeded $700 million on the same news.
Technical indicators present a mixed picture. The Average Directional Index sits at 12.3, well below the 25 threshold marking a confirmed trend, signaling neither bulls nor bears hold decisive control. More pressingly, the 50-day exponential moving average remains below the 200-day level—a "death cross" pattern suggesting medium-term downward trajectory. A single day's move does not reverse that structural bearish setup, leaving open whether the breakout can sustain if broader legislative momentum stalls.