XRP tests $1.31-$1.35 support after CLARITY Act setback

  • XRP fell below $1.30 after the Senate failed to advance the CLARITY Act.
  • XRP futures open interest dropped more than 20% during several days of deleveraging.
  • Ali Martinez identified $1.31-$1.35 as XRP's immediate support zone.

XRP fell from a weekly high of $1.50 to below $1.30 after the U.S. Senate failed to advance the CLARITY Act, before recovering to just above $1.30. Ali Martinez identified $1.31-$1.35 as the token's immediate support zone, while resistance stands at $1.38-$1.40 and then $1.50-$1.54. XRP futures open interest declined by more than 20% in several days as leveraged positions were reduced, a move that can limit near-term momentum while lowering liquidation risk. The token slightly outperformed Bitcoin during Friday's rebound, as traders assessed whether improving conditions for altcoins could draw capital away from Bitcoin. XRP's five-day moving average is nearing its 200-day average, approaching a potential golden cross, though the technical signal does not ensure further gains.

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