Key facts
- XRP price increased by 3.25% to $1.1485.
- Reports indicate President Trump agreed to an ethics provision in the Clarity Act.
- The Clarity Act, if passed, would classify XRP as a digital commodity.
- Polymarket odds for the Clarity Act's passage rose to 43% from 32%.
- Technical indicators like ADX and moving averages suggest a cautious outlook for XRP.
XRP experienced a notable price increase, climbing 3.25% to $1.1485, driven by optimism surrounding the Clarity Act. Reports indicated that President Donald Trump agreed to an ethics provision that had previously stalled the legislation in the Senate. This development boosted the odds of the act's passage on Polymarket from 32% to 43%, contributing to a broader positive sentiment in the cryptocurrency market. Bitcoin also saw gains, surpassing $66,000, and ETF inflows remained strong.
The Clarity Act is significant for XRP as it aims to formally classify the digital asset as a commodity, potentially reducing regulatory uncertainty and encouraging institutional demand. The reported agreement on the ethics clause, which prohibits the president and his family from directly benefiting from cryptocurrency ventures, is seen as a crucial step toward easier legislative discussions. The Trump family's reported engagement in crypto businesses, netting over $1.2 billion in 2025, highlights the importance of this provision.
Despite the positive price action and news, technical analysis of XRP's charts suggests a cautious approach. The Average Directional Index (ADX) is below the 25 threshold, indicating a lack of a strong trend. While the directional indicators show a slight tilt in favor of bulls, the 50-day moving average remains below the 200-day moving average, a pattern known as a death cross, signaling a bearish medium-term trajectory. However, the Relative Strength Index (RSI) at 58 is in bullish territory, and the Squeeze Momentum Indicator suggests expanding volatility. Bullish scenarios target $1.1563 and $1.1843, while bearish scenarios point to support levels at $1.1189 and $1.1035.