XRP News - July 11, 2026
📈 XRP (XRP)
Current Price: ~$1.09 - $1.11
XRP is currently trading near the $1.09 to $1.11 range, successfully holding critical support above the vital $1.00 psychological floor. Retail demand has remained remarkably steady during this consolidation phase, with perpetual futures open interest steadily climbing above 2.14 billion XRP. However, broader market enthusiasm has been temporarily capped by legislative delays in the United States, as the highly anticipated CLARITY Act missed its early July target. With the Senate returning to session next week, analysts expect a floor vote could be pushed to late July or early August, forcing the asset to rely heavily on its technical support boundaries in the interim.
In a major breakthrough for international expansion, Ripple officially secured full Crypto Asset Service Provider authorization from the financial regulator in Luxembourg. This landmark approval brings the company entirely into compliance with the European Union's comprehensive Markets in Crypto-Assets regulation. By combining this new status with its existing European Electronic Money Institution license, Ripple is now fully cleared to deploy its suite of regulated digital asset payment products to enterprise clients and financial institutions across all 30 member states of the European Economic Area, giving the firm a massive regulatory advantage in the region.
From a technical perspective, XRP continues to face near-term resistance as it trades below its 50-day and 100-day moving averages. Chart analysts note that a decisive volume-backed break above the immediate $1.14 descending trendline could open the door for a stronger structural recovery toward the $1.18 to $1.20 zone. Despite the current price suppression, on-chain data shows millions of tokens being withdrawn from exchanges to cold storage alongside an eighth consecutive week of positive spot ETF inflows, suggesting that large institutional players are actively absorbing retail selling pressure while waiting for macroeconomic conditions to stabilize.
