XRP Surges on Trump's Clarity Act Ethics Deal
In brief
- Trump agreed to ethics provision in Clarity Act, removing major legislative obstacle for XRP classification
- XRP gained 3.5% intraday to $1.1485, ranking third among top-50 gainers
- Clarity Act would formally classify XRP as digital commodity, ending regulatory ambiguity
- Technical indicators mixed: RSI bullish at 58, but death cross remains below $1.13
The Legislative Breakthrough
Democrats in the Senate had for months pushed for a provision that would prohibit the president and his family from directly benefiting from cryptocurrency ventures. The Trump family has been engaged in crypto-related businesses, netting the president more than $1.2 billion in 2025 alone. The White House, Sen. Cynthia Lummis, and Sen. Bernie Moreno reportedly reached a deal on ethics language Sunday, and Trump's formal agreement Monday removed the final sticking point.
Polymarket traders pushed Clarity Act passage odds to 43%, up from a recent low of 32%. The Senate must vote before heading into August recess, creating a hard deadline for floor action. Passage would strip years of regulatory ambiguity from XRP's shoulders.
The Price Move—And Its Limits
XRP landed in third place among gainers in the top 50, behind only Ondo and Cardano. The broader market also caught the bid: Bitcoin climbed above $66,000 following the news, and five-day spot ETF inflows surpassed $700 million.
But the technical picture remains contested. The Average Directional Index, or ADX, sits at 12.3—well below the 25 threshold that marks a confirmed trend. The average price of the last 50 days still sits below the 200-day—what traders call a death cross. The Relative Strength Index, or RSI, at 58 is a brighter spot—it's technically in bullish territory.
"A single daily candle doesn't reverse a death cross. Bulls need to push EMA50 back above EMA200 to change that reading structurally." — Decrypt
The token had been lagging the broader market recovery, stuck below the $1.13 resistance that had capped every rally since late June. Monday's pop tested that ceiling but didn't crack it. Conviction, not headlines, moves price structurally.
What's Next
Clarity Act passage isn't assured. But if the Senate votes before August recess and the bill passes, the regulatory classification alone could unlock institutional demand that's been on the sidelines. The charts will tell the real story—and they're still waiting for proof.
