Ripple’s XRP may be preparing for a bounce with a strong crypto analyst signaling two signs of a bullish shift. This optimism comes as lawmakers in Washington push to get the CLARITY Act off the ground before Congress heads into its August recess.
XRP Chart Shows Bullish Signs
Crypto analyst Ali Martinez shared a post on X that suggests that XRP’s daily chart is showing “two bullish signals” that could signal that the rally is coming to an end. The first signal, according to Martinez, is the Tom DeMark Sequential indicator. It has “printed a buy signal via a ‘9’ candlestick.” The pattern “historically anticipates a one-to-four daily candlestick relief rebound,” he added.
The XRP price action of the past three trading sessions has also formed a “Morning Star Doji” candlestick pattern. For context, it is a pattern widely recognized by technical traders as a reversal chart pattern that can appear closer to the bottom of the market, Martinez said.
XRP: TWO BULLISH SIGNALS
XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.
1. The Tom DeMark Sequential indicator has printed a buy signal via a “9” candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT
— Ali Charts (@alicharts) June 27, 2026
The confirmation would rely on the participation of buyers, he wrote. The analyst added, “If buying volume accelerates here, $XRP could rise toward $1.30.”
The Crypto Market Structure Bill Now Faces July 20 Deadline
The positive technical analysis for XRP comes as the digital asset sector remains hinged on the updates around CLARITY Act. There are ongoing negotiations even as Congress adjourns Washington for the July 4 recess, said journalist Eleanor Terrett. She added there is “a renewed sense of urgency among Senate Republicans to get this bill across the finish line.”
However, “there is quite a lot left to do” on the CLARITY Act, Terrett emphasized. She noted that unresolved provisions include ethics and differences between the drafts from the Senate Banking and Agriculture Committees. In addition, sticking points include state preemption rules, language on conflicts of interest in the exchanges and others.
She also noted that “key Democratic votes are expected to hinge on whether the bill includes an ethics framework that they view as strong enough to address President Trump’s crypto businesses.” Hence, the odds for the crypto bill passing has dropped to 50%, per Galaxy Digital.
The challenge of Senate floor vote scheduling still exists for the CLARITY Act. Senate Majority Leader John Thune has acknowledged “time is running out to solve some of these outstanding issues.” Also, the annual defense authorization bill is expected to take priority upon the return of lawmakers July 13, Terrett said.
Assuming there is enough progress in the negotiations during the congressional recess and any other legislative priorities that could delay consideration don’t come into play. That’s the earliest realistic time to get a vote on the CLARITY Act underway, Terrett said, “the week of July 20th onwards.”
For those looking for staking rewards, visit our page on Crypto Staking Platforms.
