XRP price skyrocketed nearly 7% in 48 weekend hours, climbing from $2.08 to $2.22, as the market reacted to the approval of the so-called “Big Beautiful Bill" by the U.S. Senate. The legislation, which is all about budget restructuring, triggered a speculative reaction across risk assets, with crypto front-running traditional markets on expectations of easier monetary policy ahead.
But while XRP showed strong momentum initially, the move began to cool once the short-term details came into focus.
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The proposal points to a bigger spending gap, a weaker long-term dollar and a higher chance of intervention to keep borrowing costs in check. Crypto assets often do well in that kind of setup.
It has been a quick reaction for XRP, breaking through key resistance at around $2.15 and hitting its highest point since mid-June. But the breakout stalled just above $2.22 as the market got a reality check. The bill has not cleared its final stages yet.
There will be a final vote next week to meet the July 4 deadline. Then, the House and Senate versions will still need to be matched up before anything becomes law. There is also the uncertainty around how soon any monetary adjustments would follow.
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The main point to take away from all this is that fiscal instability and structural deficits are a good thing for the crypto market. It does not matter if the talk is aboutBitcoin, XRP or the altcoins in general; the story is moving back toward the big picture — inflation, debt and the credibility of fiat money.
For XRP specifically, if it can hold above $2.15, it could set the stage for more growth, especially if upcoming sessions show that the market wants safe havens beyond the dollar.
