Overview
- XRP cleared the $1.10 level on July 10 after a late-session volume spike of roughly 43.5 million XRP and the price stabilized near the session highs with $1.10 now seen as immediate support.
- Data providers reported a large one-day net withdrawal from spot XRP ETFs of about $7 billion, signaling continued institutional caution despite the price breakout.
- Retail activity appears to be returning as perpetual futures open interest ticked up to about 2.14 billion XRP from 2.09 billion, suggesting more engagement from smaller traders.
- The CLARITY Act, which passed the House and cleared the Senate Banking Committee, could see a Senate procedural vote between July 13–17 and any passage would reduce legal uncertainty that affects institutional XRP demand.
- Analysts are split on near-term direction with some mapping multi-stage upside toward $1.19–$2.55 if resistance is reclaimed and others warning a failure below $1.09 could reopen a sharp drop toward lower support, a dynamic made riskier by falling exchange reserves and recent geopolitical shocks.