The CLARITY Act didn’t move forward, but XRP instead showed a signal worth paying attention to
Earlier, the U.S. Senate failed to advance the CLARITY Act with a procedural vote of 49–50. XRP then briefly dropped noticeably, but liquidity did not weaken in full synchronization. On September 16, the spot XRP ETF still recorded net inflows of about $3.5 million, and inflows have already appeared for 10 straight trading days.
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On the same day, spot ETFs #BTC and #ETH saw net outflows of about $295 million and $224 million, respectively. However, ETF #xrp became one of the categories with the largest inflow size among crypto ETFs that day. This suggests that some institutional attention to XRP has not completely disappeared just because the bill was blocked.
Regulatory developments are also worth watching
SEC Chair Paul Atkins said that even if the CLARITY Act does not pass, the SEC will continue to push forward crypto regulation within its existing statutory authority. CFTC Chair Michael Selig also said institutions are ready to continue drafting relevant rules.
This implies the market may be gradually shifting from waiting for congressional legislation to first seeing how regulators move forward.
However, XRP currently has one fairly clear pressure point.
XRP open interest has fallen from about $1.128 billion in August to roughly $871 million. OI on both Binance and Bybit has declined in tandem.
This indicates that leverage in the derivatives market is being reduced significantly. So XRP’s rise can’t be understood purely as money fully returning; more importantly, we need to watch whether spot ETF inflows can keep up, and when derivatives capital will return.
On the technical side, XRP is still in a fairly key position.
According to the article, XRP is around $1.30—still below the 200-week EMA of about $1.36. If it can reclaim $1.36, attention can again be placed on the $1.52 area above.
Conversely, if the price action keeps weakening, the market should watch the support region around $1.04.
So what’s most worth watching for XRP right now isn’t whether the CLARITY Act will pass immediately, but rather three things: whether ETF capital inflows can continue, whether the SEC and CFTC can continue advancing regulation within existing authority, and whether XRP’s price can reclaim $1.36.
If all three signals start improving at the same time, the market’s XRP pricing logic may change again.
Earlier, the U.S. Senate failed to advance the CLARITY Act with a procedural vote of 49–50. XRP then briefly dropped noticeably, but liquidity did not weaken in full synchronization. On September 16, the spot XRP ETF still recorded net inflows of about $3.5 million, and inflows have already appeared for 10 straight trading days.
Fan group 👉🏻免费策略
On the same day, spot ETFs #BTC and #ETH saw net outflows of about $295 million and $224 million, respectively. However, ETF #xrp became one of the categories with the largest inflow size among crypto ETFs that day. This suggests that some institutional attention to XRP has not completely disappeared just because the bill was blocked.
Regulatory developments are also worth watching
SEC Chair Paul Atkins said that even if the CLARITY Act does not pass, the SEC will continue to push forward crypto regulation within its existing statutory authority. CFTC Chair Michael Selig also said institutions are ready to continue drafting relevant rules.
This implies the market may be gradually shifting from waiting for congressional legislation to first seeing how regulators move forward.
However, XRP currently has one fairly clear pressure point.
XRP open interest has fallen from about $1.128 billion in August to roughly $871 million. OI on both Binance and Bybit has declined in tandem.
This indicates that leverage in the derivatives market is being reduced significantly. So XRP’s rise can’t be understood purely as money fully returning; more importantly, we need to watch whether spot ETF inflows can keep up, and when derivatives capital will return.
On the technical side, XRP is still in a fairly key position.
According to the article, XRP is around $1.30—still below the 200-week EMA of about $1.36. If it can reclaim $1.36, attention can again be placed on the $1.52 area above.
Conversely, if the price action keeps weakening, the market should watch the support region around $1.04.
So what’s most worth watching for XRP right now isn’t whether the CLARITY Act will pass immediately, but rather three things: whether ETF capital inflows can continue, whether the SEC and CFTC can continue advancing regulation within existing authority, and whether XRP’s price can reclaim $1.36.
If all three signals start improving at the same time, the market’s XRP pricing logic may change again.
