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Senate Floor Vote, Triangle Breakout & Spot Liquidity Warning | Jul 21
Audio is available on Spreaker — see link below.
The CLARITY Act reaches its 72-hour Senate showdown as XRP breaks out of a symmetrical triangle — but a 99% collapse in spot exchange inflows raises serious questions about whether this rally has legs.
Audio is available on Spreaker — see link below.
The CLARITY Act is seventy-two hours from a Senate procedural vote. Trump approved the revised ethics provisions over the weekend, and that approval cleared the last political barrier standing between this bill and a floor vote before the August recess.
Against that backdrop, XRP moved. It broke out of a multi-week symmetrical triangle on July twenty-first, gaining four-point-six percent to reach one dollar and thirteen cents.
Spot exchange activity collapsed. Inflows fell ninety-nine-point-one percent.
What's also moved fast this week is Ripple's regulatory footprint. Three significant developments landed in roughly seven days.
Asia's regulatory picture is also moving. South Korea unveiled a comprehensive digital asset roadmap covering stablecoin licensing, spot crypto ETFs, and a pending Digital Asset Basic Act.
Narrow the attention to two things. First, the CLARITY Act vote.
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