XRP held steady near $1.46 on Tuesday as traders watched the Senate Banking Committee prepare for a vote that could reshape the token's legal status. The price stayed above its key $1.45 support level while sitting under the $1.70 resistance mark. The CLARITY Act vote may determine whether regulators treat XRP as a security or not.
Current Support Zone Holding
XRP is trading above its 200-day moving average at $1.42, which has become a reliable support zone. The token repeatedly defended the $1.35–$1.45 range throughout February and March after a brief drop below $1.20 during February's panic sell-off. Volume has stayed quiet compared to those frantic days, with traders waiting for clearer signals.
CVD Divergence Warning
Arab Chain data shows XRP's 30-day price-CVD correlation on Binance hit 0.58 before sliding as cumulative volume delta turned sharply negative at -10.9 million. This disconnect happened while the price held firm above $1.44. The negative CVD during stable pricing suggests either strong demand soaking up sellers or a potential lag before prices follow the indicator downward.
Regulatory Deadline Approaching
The Senate Banking Committee's scheduled vote on the CLARITY Act creates immediate pressure for XRP holders. The legislation directly addresses how tokens like XRP should be regulated, making it a pivotal moment for the asset's future classification. Traders can't ignore this legal turning point while the token stays under its 100-day moving average at $1.70.
Volume Tells the Story
Current trading volume paints a different picture than February's panic. Back then, selling overwhelmed the market and pushed XRP below $1.20. Now, consistent price action above $1.42 shows more balance. It's unclear if this calm reflects real strength or just waiting for the regulatory decision to play out.
The committee's vote happens this week, which will likely force XRP to break either toward the $1.70 resistance or back into the lower end of its two-month range.
