XRP Price Overview
XRP traded near $1.13 on July 7, down 1.69% in the past 24 hours, according to crypto.news market data. The token moved between $1.11 and $1.16 during the session, while trading volume stood at about $1.73 billion. The rebound from the late-June low near $1.00 remains intact, but buyers have not yet turned it into a stronger breakout.
Key Price Levels and Technical Setup
Short-Term Resistance and Support
A close above $1.14 would show that buyers are gaining control. A clean move above $1.18 to $1.20 would give bulls a stronger signal and place the next resistance levels back in focus. The downside level is also clear: if XRP loses $1.10, the current rebound would weaken. A move below that area could expose $1.06, which some traders now see as the next retest zone.
Bollinger Bands and Momentum
On the XRP/USDT daily chart, price is recovering from the late-June low, but the broader trend remains weak after the June breakdown. The token is trading above the middle Bollinger Band near $1.10, which keeps the short-term rebound alive. The upper Bollinger Band sits near $1.18, matching the area traders are watching for a stronger breakout. The lower Bollinger Band sits near $1.01, important if selling pressure returns. Momentum indicators show the Stochastic RSI elevated near 88.63 and 95.08, indicating strong short-term momentum but also proximity to overbought territory. Since the faster line has moved below the slower line, the rebound may be losing some force.
CLARITY Act Delay and ETF Inflows
The recovery has come while XRP-linked investment products continue to attract demand. Spot XRP ETFs recorded a ninth straight week of net inflows, adding $17.19 million despite broader policy uncertainty. Those inflows have helped support the market, but they have not been enough to break the larger downtrend. The CLARITY Act remains the main policy catalyst for many traders. The bill missed its July 4 target and now faces an Aug. 7 deadline before the Senate’s summer break. That delay removed a near-term trigger for digital assets. The bill has passed the House, cleared the Senate Banking Committee, and sits on the Senate calendar, but staff still need to merge Banking and Agriculture versions before a full Senate vote. Moreover, Standard Chartered has said $4 billion to $8 billion in first-year inflows if CLARITY passes, a forecast that depends on legal clarity unlocking larger institutional demand.
On-Chain and Derivatives Data
On-chain and derivatives data show a split market. According to crypto news data, XRP’s estimated spot CVD across centralized exchanges rose from about minus $42 million on May 12 to plus $406 million by July 7, pointing to stronger spot buying. The derivatives market shows the opposite trend: Binance perpetual CVD fell from about minus $48 million to minus $783 million over the same period, indicating sustained sell-side pressure from perpetual traders. Open interest also fell from about $255 million on May 22 to $203 million on July 7, suggesting leveraged traders have reduced exposure while spot buyers have become more active. Binance spot data has improved but not turned positive: estimated spot CVD on Binance rose from about minus $212 million on June 25 to minus $173 million on July 7.
Analyst Perspectives
EGRAG Crypto said XRP must defend $1.10 after moving below the 21 EMA on the four-hour chart. He said, ‘Hold $1.10 = structure still alive,’ while a loss of $1.06 would increase caution. Dark Defender took a more bullish view and said XRP is ‘launching the Wave 5 without the Clarity Act.’ Other analysts also pointed to higher long-term targets, but those views still depend on price clearing the current resistance zone first.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
