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CLARITY Act — page 16

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Coverage, page 16

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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

The stage is set for xrp to break up from the bullflag

Lots of bullish confluence at the moment on XRPUSD’s 1 day chart here. First off we just closed our 1st daily bullish candle above the top trendline of the bullflag. Secondly the stochrsi has been in the fully reset / oversold zone for over a week now and has just now dipped back up into the bullish zone. Thirdly, the golden cross is likely to occur sometime this week and price action is still relatively close to the 200ma which increases the probability of a sustained golden cross. Lastly tomorrow(Tuesday) at 2:15pm est they are holding the cloture vote for the clarity act. Normally I would expect an event like this to result in a sell the news event, but since they have spent the majority of the past few months scaremongering about how there is no way they will have enough votes for it to pass, I think then if it does pass it could very easily coincide with a market wide pump instead of the usual sell the news dump. We will know soon enough. For now I think the probability is higher this bullflag will validate the bullish breakout rather than become a fakeout, always smartest to wait for a clear validation first though. If it were to validate the breakout on the current break above the flag, the measured move target is $1.96 . It might very well do a dump fakeout back inside the flag on the day of the cloture vote only to reverse course once the golden cross happens and then have the real breakout. Stay vigilant. *not financial advice*

TITradingView Ideas15 Sept

Garlinghouse Backs Bessent’s CLARITY Act Case Ahead of Senate Vote

Ripple CEO Brad Garlinghouse backed Treasury Secretary Scott Bessent’s case for advancing the CLARITY Act, arguing the final compromise deserves Senate support. Bessent says the bill gives Treasury tools to protect community banks if stablecoin-related deposit flight emerges. Garlinghouse Backs Bessent Ahead of Senate Vote Treasury Secretary Scott Bessent pressed senators Sept. 14 to support […]

Bitcoin.com NewsBitcoin.com News•Kevin Helms15 Sept

BTCUSDT: Channel Breakout, Bulls Push Higher

BTCUSDT is trading around 77,930 USDT after breaking out of a descending channel and briefly pushing toward the 79,200 level. The current pullback is bringing the price back to retest the breakout zone around 77,700–78,000, an area that also converges with a cluster of short-term EMAs. If BTC holds this zone and buying pressure returns, I lean toward a scenario where the price continues to recover to 79,200–79,500, subsequently extending toward the primary target near 80,500 USDT. Losing the 77,500 level would make the current breakout look less convincing. On the macro front, Reuters reports improving ETF inflows and increasingly bullish positioning in the options market, while today's vote on the Clarity Act could serve as a specific catalyst for the crypto sector.

TITradingView Ideas15 Sept

What’s New in the Final CLARITY Act Ahead of the Senate Vote

Senate Republicans have outlined what’s new in the final version of the CLARITY Act ahead of a Sept. 15 procedural vote. The changes would strengthen ethics enforcement, create a stablecoin safeguard, and extend developer protections to miners and validators. What’s New for Federal Officials U.S. Senators Cynthia Lummis (R-WY), John Boozman (R-AR) and Tim Scott […]

Bitcoin.com NewsBitcoin.com News•Kevin Helms15 Sept