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Coverage, page 12

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Ripple CEO Brad Garlinghouse Urges Senate to Back CLARITY Act, Says Trades “Weren’t Small”

Ripple CEO Brad Garlinghouse defended the crypto CLARITY Act framework ahead of today’s Senate vote, stating that the bipartisan policy trades made to build the bill “weren’t small.”  Brad Garlinghouse has thrown his support behind Treasury Secretary Scott Bessent’s latest push for the CLARITY Act, urging the Senate to move

TheNewsCryptoTheNewsCrypto•Sarala15 Sept

XRP Falling Wedge Breakout: 15 Days Until Confirmation

https://www.tradingview.com/x/SbHekzCm/ Sometimes the most important thing in trading is not finding another indicator. BYBIT:XRPUSDT is showing a potentially important development on the monthly chart. After months of trading inside a falling wedge , price is now attempting to break above the upper trendline. At first glance, this looks like a bullish breakout. But there’s one important detail: the monthly candle still has around 15 days left before it closes. Until that candle closes, the breakout is not confirmed. 🕯️ Why the Monthly Close Matters A price moving above a trendline during an active candle and a candle actually closing above that structure are two very different things. During the next 15 days, XRP could continue higher and finish the month above the descending trendline. That would strengthen the case that the previous bearish structure may be changing. But price could also move back below the trendline before the candle closes. That would turn what currently looks like a breakout into a potential failed breakout or rejection . This is exactly why patience matters. Don’t confuse an intramonth move with a confirmed monthly breakout. 📈 Scenario 1: The Breakout Gets Confirmed If XRP manages to maintain its position above the descending trendline and the monthly candle closes convincingly outside the structure, the chart becomes much more interesting from a bullish perspective. The first thing I would watch afterward is not simply whether XRP immediately moves higher. I would watch how price behaves around the broken structure . Does the former resistance begin acting as support? Does XRP hold above the breakout area? Do buyers continue defending higher levels? A successful breakout followed by acceptance above the previous structure could provide further evidence that momentum is shifting. But even then, nothing is guaranteed. 📉 Scenario 2: The Breakout Fails This scenario deserves just as much attention. XRP could spend several days above the trendline and still close the month back inside the descending structure. If that happens, the current move could become a false breakout . That would immediately change the picture. Instead of assuming that every breakout must continue higher, we should already know what would invalidate the bullish scenario. That is the difference between predicting the market and preparing for the market. ⚠️ Confirmation Is Not a Guarantee This is probably the most important point. Even if XRP closes the monthly candle above the trendline in 15 days, a confirmed breakout does not guarantee continuation. Markets do not owe us a successful retest. They do not have to continue in the direction of the breakout. And they certainly do not have to follow the arrows we draw on a chart. A breakout simply gives us new information . From there, we still need to watch price structure, reactions around important levels and whether the market actually accepts the new price area. 🧠 Prepare for Both Outcomes Right now, I don’t think the goal should be to say: “ XRP has broken out, so it has to go higher. ” A better approach is: “ XRP is attempting a potentially important breakout. Now let’s see whether the monthly candle can confirm it .” If it does, we can watch for bullish continuation and how the previous resistance behaves. If it doesn’t, we should already be prepared for price to move back into the previous structure. And even after confirmation, we remain prepared for a failed retest or reversal. That is what scenario planning is about. ⏳ 15 Days to Go The chart is giving us an interesting signal. Now the market needs to prove it. Around 15 days remain until the monthly candle closes. Instead of trying to predict what XRP will do during those 15 days, I’d rather wait and see where the candle actually finishes. Because sometimes the best trading decision is simply to let the candle close . Then reassess. Then build the next scenario. Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and involve substantial risk. Always conduct your own research and manage risk accordingly.

TITradingView Ideas15 Sept

XRPUSDT: Bulls Return, Gaining an Edge

XRPUSDT is trading around 1.40 USDT following a sharp rally to nearly 1.49 and a subsequent pullback. On the positive side, the price remains above the EMA34–EMA89 levels (around 1.38), while the 1.31–1.36 range continues to serve as a critical "Buy Zone." Technically, XRP remains within a descending channel; therefore, the 1.43–1.46 zone represents a hurdle that must be cleared. If the price pulls back but holds the 1.35–1.38 range before breaking out of the channel's upper boundary, I lean toward the scenario of XRP extending to 1.50–1.55 before targeting the key level around 1.59 USDT. XRP is showing positive signs regarding capital flow. FXStreet reported a gain of over 6% in the previous session, while the Long/Short ratio in the derivatives market has risen to approximately 1.15, indicating that market positioning favors the bulls. Additionally, today's procedural vote on the CLARITY Act in the US Senate could act as a catalyst for the broader cryptocurrency market. The bullish scenario would be invalidated if XRP decisively loses the 1.31–1.33 zone. Will XRP hold the Buy Zone and break the descending channel to target 1.59?

TITradingView Ideas15 Sept
TI

XRP Elliot wave analysis

This chart presents an Elliot wave count for XRP/USD on the daily timeframe. The initial strong move has been labeled as wave (1), followed by a corrective wave (2). The primary and secondary counts suggest that we might be in the early stages of a powerful wave (3). ​The count is broken down as follows: ​Wave (1): Initial impulse. ​Wave (2): Corrective phase, completing as an ABC. The structure looks solid. ​Wave (3) : A smaller degree 1-2 sequence appears to have formed, and a breakout here would confirm the impulsive nature of a larger wave 3. Invalidation level 0.97 Remember to consider alternative counts and manage risk appropriately. This analysis is for informational and educational purposes only. It is not financial or trading advice. Cryptocurrencies are volatile and carry high risk. Always do your own thorough research before making any investment decisions. I am not a financial advisor. Previous performance is not indicative of future results."

TITradingView Ideas15 Sept