Ripple’s XRP coin may be poised for a rebound with a strong crypto analyst pointing to two signs of a bullish shift. This optimism comes as lawmakers in Washington seek to activate the CLARITY Act before Congress heads for its August recess.
XRP chart is showing bullish signs
Cryptocurrency analyst Ali Martinez A mail On X indicates that the daily chart of XRP is showing two “bullish signals” that could indicate that the rally is coming to an end. The first signal, according to Martinez, is the Tom DeMark Sequential Index. You have “printed a buy signal via candlestick number 9”. He added that this pattern “historically expects a recovery of one to four daily candles.”
the Ripple price The movement of the past three trading sessions also formed a “Morning Star Doji” candlestick pattern. For context, it’s a pattern widely recognized by technical traders as a reversal chart pattern that can appear closer to the bottom of the market, Martinez said.
XRP: Two bullish signals
XRP is showing two bullish reversal signals on the daily chart, indicating a potential shift in momentum.
1. The Tom DeMark Sequential Indicator printed a buy signal via candlestick number “9”. This pattern historically expects one to four occurrences per day… pic.twitter.com/q0qBDVCGXT
– Ali Charts (@alicharts) June 27, 2026
Confirmation will depend on buyers’ participation, he wrote. “If buying volume accelerates here, the price of XRP could rise to $1.30,” the analyst added.
The Cryptocurrency Market Structure Bill now faces a July 20 deadline
The positive technical analysis for XRP comes as the digital asset sector remains hung over updates related to the CLARITY Act. Journalist Eleanor Teret said that negotiations are underway even as Congress adjourns the Washington session for the Fourth of July holiday. She added that there is a “renewed sense of urgency among Senate Republicans to get this bill across the finish line.”
However, Teret stressed that “there is still a lot to be done” regarding the Clarity Act. She noted that unresolved items include ethics and differences between drafts submitted by the Senate Banking and Agriculture Committees. Additionally, sticking points include state preemption rules, language regarding conflicts of interest on exchanges and others.
She also noted that “Democrats’ key votes are expected to hinge on whether the bill includes an ethical framework they consider strong enough to address President Trump’s cryptocurrency actions.” Therefore, the odds of passing the cryptocurrency bill have increased decreased to 50%per Galaxy Digital.
Challenge Vote on the Senate floor Scheduling still exists for CLARITY. Senate Majority Leader John Thune acknowledged that “time is running out to resolve some of these outstanding issues.” The annual defense authorization bill is also expected to take priority when lawmakers return on July 13, Teret said.
Assuming there is sufficient progress in negotiations during the congressional recess, and that any other legislative priorities that could delay consideration do not come into play. This is the closest realistic time to a vote on the CLARITY Act, “from the week of July 20 onward,” Teret said.
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