XRP broke above a year-long descending trendline last week, then immediately pulled back — leaving $1.10 as the level bulls must defend to keep the breakout alive. A canceled Senate vote on the CLARITY Act pulled a near-term catalyst off the table, even as ETF inflows and new wallets kept building.
XRP faces a single line that decides the near-term picture: $1.10. The token broke above a year-long descending trendline last week before immediately pulling back, and bulls now treat that level as the one that must hold to keep the trendline breakout alive.
The $1.10 test
Pseudonymous analyst Egrag Crypto flagged the 4-hour chart as the critical short-term test, with holding $1.10 keeping the bullish structure intact. Losing it opens a deeper retest toward $1.06, a level that aligns with the upper boundary of the previous triangle breakout and marks the tactical zone to watch for a potential short-term long setup.
The immediate hurdle sits higher. The $1.13 to $1.14 zone acts as resistance rather than confirmed support, and the $1.14 to $1.18 range is the next area bulls need to clear to confirm a trend shift. The long-term descending trendline from August 2025’s peak sits in that same band.
A catalyst removed
A scheduled Senate vote on the CLARITY Act was canceled before the congressional recess, stripping XRP and the broader digital asset market of a near-term regulatory catalyst. That delay helps explain why last week’s breakout attempt is struggling to attract follow-through volume.
But the flows underneath tell a steadier story. XRP spot ETFs logged a ninth consecutive week of net inflows at $17.19 million, pushing cumulative inflows to roughly $1.47 billion. New XRP wallets climbed roughly 40% in the last full week of June, the highest weekly count since March.
Ripple’s regulatory footprint
Roughly $4 billion in tokenized real-world assets now sit on the XRP Ledger across 500-plus products, including a Treasury redemption earlier this year that JPMorgan, Ondo, and Mastercard settled jointly in roughly four seconds. That growth in real-world assets runs alongside Ripple’s widening compliance reach.
Ripple secured full Crypto Asset Service Provider authorization from Luxembourg’s regulator Monday, making it compliant to passport crypto services across all 30 European Economic Area countries. The authorization adds to Ripple’s existing EU Electronic Money Institution license, bringing its global regulatory portfolio above 75 licenses. Of the more than 3,000 companies that previously operated under national European crypto regimes, only 280 received CASP authorization under the new unified MiCA framework.
For now the chart holds the near-term verdict. Hold $1.10 and bulls stay in the game; a bounce from $1.06 opens a potential short-term setup; lose $1.06 and caution increases sharply toward the $1 demand zone floor.
Source: Benzinga
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