Key Highlights XRP surpassed the critical $1.13 barrier and currently trades near $1.15, posting a 3.38% gain in the past day White House officials secured a deal on ethics language for the C
XRP has climbed to $1.15 following a decisive push through a resistance threshold that market participants had been monitoring intently. The upward movement represents a 3.38% increase across the preceding 24-hour period.
XRP PriceMarket analyst Ash Crypto shared via X that XRP had successfully escaped a 66-day descending trend pattern, characterizing the development as constructive for token holders. This technical shift has sparked fresh interest among market participants.
$XRP just broke out of its 66-day downtrend.
Bullish for XRP holders. pic.twitter.com/WBcnfdPgkN
— Ash Crypto (@AshCrypto) July 21, 2026
Technical analyst Ali Charts similarly highlighted the breakthrough, publishing a chart accompanied by the declaration “BREAKOUT CONFIRMED!” while designating $1.30 as the subsequent significant price objective. The $1.13 threshold, previously marked by Ali Charts as critical resistance, has now transitioned into a support floor.
BREAKOUT CONFIRMED!$XRP has cleared resistance, putting the next major target at $1.30. https://t.co/MHbGj1Krerpic.twitter.com/ffodkWVEYb
— Ali Charts (@alicharts) July 21, 2026
The cryptocurrency sector received additional positive momentum from regulatory developments. Reports indicate the White House has finalized an agreement concerning ethics language within the CLARITY Act, legislation aimed at creating more defined federal guidelines for digital asset regulation.
Journalist Eleanor Terrett disclosed that administration officials distributed revised legislative text to senior Senate Republicans. Crypto commentator John Squire (@TheCryptoSquire) conveyed the update on X, suggesting the modified language may be published imminently. This advancement eliminates an obstacle that had previously impeded negotiations.
Market observers have suggested a potential $2 price target for XRP should accumulation persist in conjunction with regulatory progress. Bitcoin appreciated 2% to reach $66,310 throughout the identical trading session, contributing to broader market strength.
XRP exchange-traded products registered $2.49 million in net capital inflows on July 20, with Bitwise’s offering pacing all competitors. Bitwise maintains the highest aggregate assets among available XRP ETF products at $320.82 million.
Source; SoSoValue Total cumulative inflows throughout all XRP ETF products have achieved $1.49 billion. Aggregate net assets currently stand at $1.02 billion, accounting for 1.46% of XRP’s complete market capitalization. Overall daily transaction volume reached $11.67 million.
Blockchain analytics from TradingView reveal the On-Balance Volume metric trending upward following an extended period of decline, indicating accumulation patterns are progressively materializing.
Outstanding contracts in XRP derivatives markets have climbed to approximately $2.6 billion, ascending in tandem with price appreciation. CoinGlass statistics demonstrate that both long and short positions have experienced recent liquidations, reflecting active portfolio adjustments.
Critical support zones requiring attention include $1.12 and $1.10. A sustained close beneath $1.07 would compromise the existing bullish structure. The RSI measurement of 78.46 positions XRP within overbought parameters, potentially constraining near-term upward momentum.
The post XRP (XRP) Surges Past $1.13 as CLARITY Act Progress Fuels Rally Toward $1.30 appeared first on Blockonomi.
