XRP Jumps as Markets Price in U.S. Clarity Act Momentum; Near-Term Trend Still Unclear

XRP led gains among major crypto tokens after signs of progress in U.S. legislative talks boosted risk appetite, according to CoinDesk. Traders are increasingly positioning for the Clarity Act to move forward in the Senate, a shift that coincided with strength in Bitcoin, renewed spot ETF inflows, and broad advances across digital assets. The report said Donald Trump has agreed to an ethics provision that had previously held up Senate negotiations. That development is tied to the Clarity Act and has lifted market expectations for the bill's passage. On Polymarket, the implied probability of approval rose to 43% from 32%. Against that backdrop, XRP pushed through resistance near $1.13, a level that had capped rallies since late June. The token climbed to an intraday high of $1.1511 before easing to $1.1485, up about 3.5% on the day. By performance, XRP ranked among the top gainers in the top 50 cryptocurrencies by market value, behind only Ondo and Cardano. The move was part of a broader risk-on pulse. Bitcoin traded back above $66,000, while spot Bitcoin ETFs logged five straight sessions of net inflows totaling more than $700 million. The rebound in Asian AI and semiconductor shares also supported overall risk sentiment. As XRP rose, roughly $2.93 million in leveraged short positions were liquidated. Its market capitalization was reported to be around $68 billion. Investors are focused on the Clarity Act because it could provide clearer regulatory classification for certain crypto assets. CoinDesk noted that if the bill advances as currently negotiated, XRP could be formally categorized as a digital commodity, potentially easing long-running regulatory uncertainty. The bill's text has not been released, and it remains unclear whether Democrats will back the current compromise. With the Senate aiming to vote before the August recess, the window for agreement is tight. Technically, XRP's short-term momentum has improved, but the trend picture remains mixed. The ADX, a gauge of trend strength, is still low, suggesting the rally has not yet developed into a sustained directional move. The 50-day moving average also remains below the 200-day moving average, signaling the medium-term setup is still weak. RSI sits near 58, indicating buyer control without reaching overbought levels. A volatility compression indicator points to the potential for a new phase of higher activity, putting added emphasis on the next several sessions. Overall, the advance largely reflects a rebound in sentiment tied to policy expectations. Continued legislative progress could help keep prices supported; a renewed stall in negotiations could reintroduce near-term selling pressure.