US Crypto Week May Fuel XRP Interest—Is a Breakout Coming?
Monnie Brunt OkvK
Updated at: 8 hours ago
{"content":"US Crypto Week May Fuel XRP Interest—Is a Breakout Coming?
The US House of Representatives declared 'Crypto Week' on July 3, which began on Monday. Lawmakers will discuss "the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate's GENIUS Act."
The House Committee on Financial Services Chairman French Hill called this a historic week as the US strives to become the "crypto capital of the world." The groundbreaking law intends to provide a clear legal framework for digital assets that protects consumers and investors and promotes stablecoin supply. As part of the House mandate, legislators would permanently ban the creation of a Central Bank Digital Currency (CBDC), protecting Americans' financial privacy.
House Representative Bryan Steil stated "Passing stablecoin and market structure legislation, alongside a CBDC ban, will ensure the US wins the Web3 race."
Ripple might gain immediately from the three measures, especially the GENIUS and CLARITY Acts. Ripple's USD-backed stablecoin is RLUSD. Ripple may expand its Ripple Payments network and boost XRP demand with clear laws.
XRP bulls attempt to restart uptrend XRP price encountered selling pressure in the early American session, with the possibility of further slide towards the 50-day Exponential Moving Average (EMA) around $2.34.
The daily Relative Strength Index (RSI) is falling at 77, indicating negative momentum. If the RSI enters neutral, traders may cut exposure, speeding the trend reversal.
If volatility remains owing to US inflation fears, investors may de-risk, keeping the path of least resistance lower. Support might also come from May's top at $2.65 and late March's $2.47.
Since June 28, the Moving Average Convergence Divergence (MACD) indicator has shown a buy signal, suggesting XRP may restart its rise. This depends on the investor's risk appetite and market circumstances around August 1's increased US import taxes.
#CPIWatch #xrp #USCryptoWeek #BTC120kVs125kToday #StrategyBTCPurchase $XRP $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/15/bfb0284757dcf8946316bdbc81e6b09d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}