XRP Stands Strong Above Key Support Ahead of CLARITY Act Deadline
XRP has been holding steady above a weekly fair value gap (FVG) between $1.05 and $1.10, which has consistently supported its price during June and July tests.
Spot XRP ETFs have seen two consecutive positive weeks with total net assets approaching the $1 billion mark, totaling $8.15 million and $6.78 million respectively.
The CLARITY Act Senate window is nearing its deadline on August 7, as the crypto market awaits the outcome of this legislation.
Currently, XRP trades at $1.0887, directly above the weekly FVG that has been the floor of its entire recovery.