XRP kicked off July with a strong rally, climbing over 13% in just three days. The token moved from a low of around $1.03 to near $1.18, drawing renewed attention from traders and investors.
The move came alongside a broader crypto market recovery. The total crypto market cap rose 0.86% to $2.18 trillion. Bitcoin pushed past $62,000, while Ethereum climbed above $1,700.
Weaker U.S. jobs data played a role in the market’s upward move. The economy added just 57,000 jobs in June, well below the forecast of 110,000. This raised hopes of easier monetary policy ahead.
Analyst ChartNerd (@ChartNerdTA) pointed to a long-term technical setup on X, describing an 8.5-year cup and handle pattern forming on XRP’s chart. He warned that ignoring XRP near $1 “could prove costly,” noting that if Fibonacci support holds within the handle structure, it could open the path toward resistance. He cited Fibonacci extensions pointing to price targets of $8, $13, and $27.
$XRP 8.5 YEAR CUP & HANDLE ☕️
Ignoring $XRP around $1 on the macro could prove costly. Price is approaching FIB support within the handle structure under 8.5 years of resistance
If FIB support and the GC hold, it opens the path to attack resistance. FIB extensions = $8/$13/$27 https://t.co/r8v5HKDfij pic.twitter.com/s8yb16b4Sj
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 4, 2026
Progress on the CLARITY Act in the U.S. Senate was a key driver of XRP’s gains. The legislation could affect how digital assets are classified under U.S. law.
Traders responded positively to XRP being referenced in the SEC/CFTC Digital Commodities category. Some rotated capital into XRP as a result. Ripple co-founder Chris Larsen’s investment in American Perpetuals Exchange Corporation — a firm connected to Senator Kirsten Gillibrand’s son — also drew attention during the period.
XRP funds recorded $6.55M in daily inflows as of July 2. Cumulative inflows reached $1.49B, with net assets at $987.91M.
Spot Bitcoin ETFs also returned to inflows on July 2, recording $221.72M in daily net inflows. That ended a 10-day outflow streak, lifting cumulative net inflows to $51.08B. Ether spot ETFs added $29.08M in net inflows on the same day.
Historic data from CryptoRank shows July has been a profitable month for XRP in seven of the past seven years. Average July returns since 2013 stand at 10.4%. In 2020, XRP gained over 48% in July alone.
On the four-hour chart, XRP traded near $1.1714. The RSI stood at 79.91, placing the token in overbought territory. The Chaikin Money Flow read 0.21, indicating buying pressure.
Resistance sits at $1.20, with a breakout potentially opening the path to $1.25. If price drops below $1.15, the next support level is $1.10.
The post XRP Price: Token Climbs 13% in July as CLARITY Act Progress and ETF Inflows Fuel Rally appeared first on CoinCentral.
