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Jobs Data Flush, $1.68B ETF Inflows & CLARITY Act Sep 15 Vote
Audio is available on Spreaker — see link below.
XRP tumbled to $1.41 after a stronger-than-expected U.S. jobs report triggered $14.5M in liquidations — but spot ETF cumulative inflows just hit $1.68 billion, signalling institutions are buying the dip. With the Senate CLARITY Act cloture vote locked for September 15, the next 48 hours could reshape the entire regulatory landscape for crypto.
Audio is available on Spreaker — see link below.
XRP hit one-point-four-one dollars today after a stronger-than-expected U.S. jobs report sent risk assets lower, triggering fourteen-point-five-one million dollars in liquidations. Nearly ninety-six percent of those were long positions.
Here's where the analysis gets more interesting. Analyst Ali Martinez has flagged three-point-six-six dollars as the critical resistance level on the monthly chart.
Against that backdrop, the institutional picture tells a different story. U.S. spot XRP ETFs recorded one hundred and thirty million dollars in weekly inflows, pushing cumulative net inflows to one-point-six-eight billion dollars.
On the regulatory front, the date that matters is September fifteenth. The Senate is scheduled to vote on a cloture motion for the CLARITY Act at two-fifteen in the afternoon.
Three substantive disputes remain before the vote. The first is an ethics provision around officials' crypto holdings disclosures.
One quieter development worth tracking: Ripple's ledger is testing a Lending Protocol and Single Asset Vaults. The goal is to expand financial activity on the network itself.
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