XRP gained more than 13% in three days, standing out during a broader crypto rebound. Total crypto market capitalization rose 0.86% to $2.18 trillion, while Bitcoin moved above $62,000 and Ethereum traded past $1,700. In the United States, June employment came in at 57,000 against expectations for 110,000, a gap that lifted hopes for a more accommodative policy path and helped revive demand for risk assets.
Washington policy debate puts XRP back in focus
Price action was only part of the story. Market attention also shifted to the CLARITY Act, which has been advancing in the U.S. Senate and is widely seen as an attempt to define more clearly which regulator should oversee digital assets under U.S. law. That question matters for XRP because the token has remained central to the wider debate over whether assets of this kind should fall under the SEC or the CFTC.
During the same period, headlines also picked up on Ripple co-founder Chris Larsen and his financial stake in American Perpetuals Exchange Corporation, a company linked to Senator Kirsten Gillibrand’s son. The source material does not say this had a direct market effect, but it did add to the attention surrounding XRP at the time.
Fresh inflows arrive as July seasonality gets attention
Flow data added another layer to the move. On July 2, XRP-focused investment products recorded $6.55 million in single-day net inflows. Cumulative inflows reached $1.49 billion, while managed net assets stood at $987.91 million. On the same session, spot Bitcoin ETFs brought in $221.72 million, ending a 10-day outflow streak, and spot Ethereum ETFs posted $29.08 million in inflows.
Historical data from CryptoRank also points to July as a relatively strong month for XRP. Since 2013, the asset’s average return in July has been 10.4%. In July 2020, XRP climbed more than 48%. Seasonality does not set direction on its own, but traders often use these patterns to frame short-term expectations.
Overbought signals appear while $1.20 becomes the near-term test
On the four-hour chart, XRP was trading around $1.1714. The Relative Strength Index rose to 79.91, placing the asset in overbought territory, while Chaikin Money Flow came in at 0.21, suggesting accumulation was still present. In the near term, traders are watching $1.20 as the first major resistance. If that level breaks, attention may shift to $1.25. On the downside, support is seen at $1.15, followed by $1.10 if the pullback deepens.
Analyst ChartNerd said XRP’s chart shows an 8.5-year cup-and-handle structure. In that view, the $1 area remains important, and holding Fibonacci support within the handle could open the way to higher resistance zones. This remains a technical opinion rather than a confirmed outcome.