XRP (CRYPTO: XRP) is approaching a critical technical inflection point as Ripple executives continue to urge lawmakers for supporting the CLARITY Act ahead of a key Senate vote.

The Key Levels To Reclaim

In an X post on July 16, crypto analyst Cryptoinsightuk said XRP has managed a daily close above a key descending trendline. However, he cautioned that the move is not yet enough to confirm a trend reversal.

The analyst sees a move lower to sweep downside liquidity would be the preferred scenario before a stronger rally develops.

He identified $1.1175 as the level XRP must reclaim before a sustained bullish trend can be considered. Despite the breakout attempt, Cryptoinsightuk noted XRP is showing a daily bearish divergence and remains at a "decision level."

Crypto chart analyst Ali Martinez highlighted in an X post on July 16 a more constructive technical picture as XRP’s monthly chart flashed a TD Sequential buy signal. But, the hourly chart shows the token consolidating inside a symmetrical triangle.

Martinez predicts a breakout above $1.13 could trigger a 20% rally toward approximately $1.35.

Ripple Pushes For CLARITY Act

Ripple executives continued lobbying for the CLARITY Act as the legislation advances toward a Senate floor vote.

"A vote against the CLARITY Act is a vote to leave the same unregulated conditions in place to be exploited by bad actors," Ripple Chief Legal Officer Stuart Alderoty said on Thursday.

Ripple’s Global Co-Head of Public Policy and Government, Lauren Belive, echoed that view, arguing the legislation is fundamentally about consumer protection rather than supporting the crypto industry.

Belive added current regulatory gaps leave consumers uncertain about which agencies oversee digital asset markets and what protections apply.

She argued the CLARITY Act would establish clear oversight between the SEC and the CFTC while requiring regulatory standards before digital assets enter the market.

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