July 22: XRP jumps 4% to $1.13, and the daily chart is currently testing the upper trendline of a symmetrical triangle that has been building for weeks.
Two signals—technical and fundamental—appeared on the same day, which deserves serious attention.
Technical: XRP has been trading in a range of $1.05 to $1.24 for about three weeks, with the triangle converging. The breakout above the upper trendline on July 22 with increased volume is the first technical confirmation. But confirmation still requires a daily close above the $1.24 to $1.28 supply-dense zone—where pressure from early buyers’ break-even/exit orders sits. A sustained breakout needs ongoing buy support and isn’t something that can be completed in just one or two days.
Fundamental: This year, the CLARITY Act’s probability jumped from a historical low to 43%. The catalyst is market chatter that Trump has agreed to the ethical terms—an ongoing key dispute. If the bill is truly advanced before the August recess, XRP is one of the most directly benefited assets. Years of SEC legal uncertainty have been the core factor suppressing XRP’s valuation; passage of the bill would effectively remove that overhang.
Target levels: A valid breakout above $1.28. The next resistance is at $1.35; if $1.35 is also absorbed, it opens up room toward $1.50 and above.
Risks: There is currently no official text confirmed for the CLARITY Act news. If it turns out to be rumor or the bill is delayed again, the technical pattern could quickly retrace without fundamental support.
Are you seeing XRP as part of this breakout confirmation? Share your view.
$XRP
#xrp
Two signals—technical and fundamental—appeared on the same day, which deserves serious attention.
Technical: XRP has been trading in a range of $1.05 to $1.24 for about three weeks, with the triangle converging. The breakout above the upper trendline on July 22 with increased volume is the first technical confirmation. But confirmation still requires a daily close above the $1.24 to $1.28 supply-dense zone—where pressure from early buyers’ break-even/exit orders sits. A sustained breakout needs ongoing buy support and isn’t something that can be completed in just one or two days.
Fundamental: This year, the CLARITY Act’s probability jumped from a historical low to 43%. The catalyst is market chatter that Trump has agreed to the ethical terms—an ongoing key dispute. If the bill is truly advanced before the August recess, XRP is one of the most directly benefited assets. Years of SEC legal uncertainty have been the core factor suppressing XRP’s valuation; passage of the bill would effectively remove that overhang.
Target levels: A valid breakout above $1.28. The next resistance is at $1.35; if $1.35 is also absorbed, it opens up room toward $1.50 and above.
Risks: There is currently no official text confirmed for the CLARITY Act news. If it turns out to be rumor or the bill is delayed again, the technical pattern could quickly retrace without fundamental support.
Are you seeing XRP as part of this breakout confirmation? Share your view.
$XRP
#xrp
