XRP surged 3.4% to $1.15, leading gains among major cryptocurrencies as market participants anticipate progress on the Clarity Act. Despite this breakout, technical charts exhibit caution, showing resistance levels that might limit immediate further upside.
The broader crypto market showed mixed moves: Bitcoin climbed 1.75% to $66,553, Ethereum added 1.57% reaching $1,926, and Binance Coin edged up 0.32% to $574. Meanwhile, stablecoins such as USDC and USDT remained near their pegs, with negligible price changes.
Altcoins had varying performances; Cardano increased 4.45% to $0.173, while AAVE led with a 7.7% gain at $96.10. Other notable rises included LIDO up 5.6%, Gram advancing 5.84%, and UNI increasing 3.27%. Solana, Tron, and Dogecoin posted smaller gains under 1%.
Some coins experienced declines: Zcash fell 2.82% to $539.63, Near dropped 2.6%, and Bitcoin SV gained 0.99%. DEXE crashed significantly with a 70.97% loss. The market’s varied moves reflect investor caution amid regulatory uncertainty and fluctuating sentiment.
The XRP rally is tied to renewed hopes that the Clarity Act will provide clearer regulatory guidance for digital assets, potentially easing some legal challenges around XRP. However, technical analysis warns traders to watch critical resistance and volume trends before confirming a sustained uptrend.
