XRP remained above US$ 1.05 at the beginning of the week, although Binance ' s downside pressure was not significantly reduced. At the same time, the market has turned its eyes to the United States House of Representatives’ possible Digital Asset Market Clarity Act, which is likely to move forward this week, giving the XRP a short line of policy expectations.
Binance's still under pressure.
The cumulative trade-off margin (CVD) data for Binance show that active sales are still stronger than active purchases, suggesting that funds remain prudent in their current position. This explains why XRP has recently been delayed in recovering higher resistance levels.
However, despite continuing pressure, the price was not effectively crushed in the 1.05 to 1.07 USD area. According to the article, this means that downside power may be diminishing, with some of the purchases beginning to take over in the vicinity of the long-term support.
U.S. Act is a market variable.
Another factor of market interest is the possibility that the United States House of Representatives may consider Clarity Act this week. The bill aims to establish a clearer regulatory framework for digital assets. As Ripple has long been at the United States Regulatory Discussion Centre, there is a general perception in the market that XRP could benefit more directly than other currencies if the bill moved forward.
The bill has not yet been passed, but the expectations have improved the mood in the encryption market. The willingness of institutions to participate in digital assets may be further enhanced if legislative progress is clear.
$1.15 for short-line observation
In terms of the dynamic structure, the XRP is still running in the fall wedge in the condense. This pattern is often seen as one of the rebound signs of long-term backwardness. The current price has remained close to $1.05 on several occasions, leaving many heads in rebound space.
The article mentions that if the XRP clearly stands at $1.15, the next step could be to look at $1.26; the more important resistance position above is close to the $1.45 200-day average. Conversely, once the US$ 1.05 is lost, the current biased structure will be destroyed and the market may face a new round of sales.
Overall, XRP is still in the directional selection phase. Exchange pressure has not disappeared, but critical support has not been punched. Next, the price could recover $1.15 and whether there had been any new developments in United States digital asset legislation, or would collectively determine its course this week.