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ETF Billions, Falling Price & the CLARITY Act Slip | Jul 3
Audio is available on Spreaker — see link below.
XRP is down 42% year-to-date despite $1.47B in consecutive ETF inflows — today's briefing explains the infrastructure-vs-token gap, Circle's 17% crash, and why the CLARITY Act path just got narrower. The buy signals are stacking up, but the resistance levels tell a harder story.
Audio is available on Spreaker — see link below.
One point four seven billion dollars has flowed into spot XRP ETFs over eight consecutive weeks, and the token is still down forty-two percent year-to-date. That's the core tension right now, and everything else today connects back to it.
The clearest explanation is infrastructure versus token demand. Ripple joined the Open USD consortium this week, a one-hundred-and-forty-partner stablecoin alliance that includes Mastercard, Visa, BlackRock, Stripe, Google, Coinbase, and Standard Chartered.
The Open USD announcement hit one company particularly hard. Circle shares fell seventeen point five five percent on Tuesday, closing at a four-month low.
The legislative catalyst that XRP holders were watching has also slipped. The US Senate entered recess on June twenty-ninth, returning July thirteenth with a defense bill taking priority.
The technical picture tells a different story. Santiment data shows XRP trading at its most undervalued level ever by the MVRV metric, a ratio that compares market value to realized value.
The two real watchpoints from here are straightforward. First, watch the CLARITY Act when the Senate returns July thirteenth and whether the ethics impasse breaks.
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