$XRP is sitting near $1.11 today, and traders are watching two things closely: what the price charts are showing, and what happens at a big Washington hearing tomorrow. $XRP is still stuck in a long-term downtrend on the bigger picture weekly chart. That bigger trend hasn’t reversed yet.
But on the daily chart, things look a little different. $XRP is showing a confirmed bullish divergence on the daily chart, analysts note. In simple terms, that means the price made a low, but the momentum behind that low was actually stronger than the previous one. That’s usually seen as an early warning sign that selling pressure is fading.
Because of that signal, expect $XRP to either move sideways for a while or see a small bounce higher. A sideways, choppy move is seen as the more likely outcome for now, since $XRP still lacks strong buying momentum. The good news is that the bullish divergence makes a sharp drop lower less likely in the near term.
Levels to watch
Technically, $1.10 is the critical level right now. If $XRP holds above $1.10, it could grind higher toward resistance at $1.13 to $1.15, if there is a development around CLARITY Act.
If $XRP breaks below $1.10 instead, the next stop would likely be $1.06. A confirmed break below that neckline would open the door to a much deeper drop, with $0.92 as the next major target.
Coins are leaving exchanges
Separately, data shows fewer $XRP tokens are sitting on exchanges right now. Binance’s $XRP reserves fell to about 2.61 billion tokens, according to new data, continuing a decline that started last year.
Withdrawals from Coinbase have also hit their deepest point of 2026 so far, while a surge in deposits on ByBit earlier this year has fully reversed back to normal levels. When coins leave exchanges, it usually means fewer coins are readily available to sell. So far, though, that trend hasn’t pushed $XRP’s price up in a big way.
Why tomorrow’s hearing matters
The House Financial Services Committee will hold a field hearing on July 17 now, in New York, titled “Building the Future of Finance: How CLARITY Act Unlocks Innovation.” The hearing itself can’t pass any laws. Its purpose is to spotlight the industry’s priorities and put pressure on senators who haven’t yet backed the bill.
A final Senate vote on the CLARITY Act is expected between July 27 and August 7. To pass, the bill needs 60 votes, which means some Democratic support will likely be required even if most Republicans back it.