Quick overview

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 XRP recently staged an 8% relief rally, reaching about $1.28–$1.30. However, it faced heavy profit-taking and technical resistance at that level, pulling back slightly to find immediate support around $1.20.

The broader crypto market is moving cautiously as traders brace for the upcoming Federal Reserve policy meeting and the release of the “dot plot” interest rate projections. High-beta assets like XRP are expected to swing heavily based on how hawkish or dovish the Fed’s tone is.

Wall Street’s appetite remains incredibly high. Seven US spot XRP ETFs are active, pulling in a cumulative $1.44 billion over consecutive weeks of institutional buying. Goldman Sachs was recently revealed as a top holder with a $153.8 million position across several funds.

Despite heavy institutional accumulation, the price has remained somewhat compressed because big money is waiting for permanent legislative backstops. All eyes are on the US Senate regarding the CLARITY Act, a bill aimed at permanently codifying XRP’s status as a commodity under federal law. Analysts view this as the key binary event for a structural re-rating.

  Japan’s lower house recently approved a major bill classifying cryptocurrencies like XRP directly under its Financial Instruments and Exchange Act. Crucially, this replaces their steep, tiered crypto tax rate (which could run up to 55%) with a clean, flat 20% capital gains tax, significantly clearing the path for local retail and institutional adoption.

Ripple has formally partnered with Bitso to launch MXNB, a Mexican peso-backed stablecoin settled on the XRP Ledger (XRPL). This marks the first enterprise deployment utilizing XRPL’s permitted decentralized exchange (DEX) infrastructure to handle heavy US-Mexico remittance corridors. Ripple is also actively scaling infrastructure across Turkey, the UAE, and South Korea for tokenized bond and wallet custody frameworks.