XRP today surged to around 1.14u; a coin that had fallen for half a year suddenly seems to have come back to life in the past few days.

On the daily chart, an ascending triangle has formed. This pattern is often related to bullish continuation or reversals, indicating that buying pressure is gradually regaining the upper hand.

However, let’s pour some cold water: the long-term moving averages are still capping price. The 200-day moving average is around 1.44u, and the price is still far from that level. On the bigger picture, the trend is still weak. This rebound can only be considered the strongest structure seen in the past few months; it hasn’t reached the point of a true reversal yet.

Regulators have a new problem. The Clarity Act was about to be voted on in the Senate, but Elizabeth Warren got involved—she asked Trump to publicly disclose all of his crypto income before the 23rd of this month (i.e., tomorrow), or else she would block the bill. This directly affects the market’s expectations for regulatory progress related to XRP.

Technically, the market is watching the supply zone at 1.24 to 1.28u. Only by breaking and holding above it cleanly can it confirm a genuine strengthening. Below that, 1.00u is the lifeline of this rebound.

As for ETFs, June saw inflows of $602 million, bringing cumulative net inflows to $1.48 billion. Money is still gradually coming in, but on-chain activity on the network has been trending downward in recent times—suggesting that the fundamentals have not yet caught up to the rebound in price #xrp $XRP