Loading market data...

XRP Hovers Near $1.17 as CLARITY Act Sits on White House Desk

XRP Hovers Near $1.17 as CLARITY Act Sits on White House Desk

XRP is trading at $1.16765, teetering just above a key support level of $1.07 as the market waits for a White House decision on the CLARITY Act. The bipartisan bill, still unsigned, could trigger a sharp move for the token—up or down. With the price stuck between $1.07 and $1.30, traders are watching for a catalyst to break the range.

Technical Levels in Play

At $1.16765, XRP sits closer to its $1.07 support than its immediate resistance at $1.30. If it breaks above that, the next ceiling is $1.60. The relative strength index sits at 42.64, with the signal line at 35.94—neither overbought nor oversold, but leaning bearish. XRP hit a June low of $1.05, and its 2025 peak was $3.65, a far cry from current prices. Support at $1.07 is critical; a drop below that could test $0.93 or even $0.76, according to the bear case tied to a hawkish Fed.

The CLARITY Act's Potential Impact

The CLARITY Act is a bipartisan bill that has landed on the president's desk for signing. It's aimed at providing regulatory clarity for digital assets, something the crypto industry has been demanding for years. If signed, it could remove a cloud of uncertainty that has weighed on XRP and other tokens. A regulatory catalyst is exactly what Google Gemini AI says could push XRP to $2.20–$3.00 within 90 days. But if the bill stalls or gets vetoed, the lack of clarity may fuel further selling.

Gemini AI's Bull and Bear Scenarios

Google's Gemini AI sees a breakout to $2.20–$3.00 if the regulatory catalyst materializes. That's a far cry from the $1.17 range today, but not as high as the 2025 peak of $3.65. On the flip side, the bear case involves macro de-risking as the Federal Reserve maintains its hawkish stance. That could push XRP down to $0.93–$0.76. The AI also flagged Liquidchain as a potential next big thing in cross-chain liquidity, though it didn't tie that directly to XRP's price.

Capital Rotation and Market Patterns

The article notes a recurring cycle: capital rotates from large caps like XRP into new presales. That pattern could accelerate if the CLARITY Act fails to provide the boost bulls hope for. For now, XRP is stuck in a holding pattern—neither breaking out nor breaking down. The next move likely hinges on the White House pen.

As of this writing, no signing date has been announced. Until then, XRP's fate hangs on whether the CLARITY Act becomes law—and whether the president signs or vetoes.