XRP in Mastercard AI Agent Network as Ripple Ships XRPL Claude Kit, Holds $1.12

XRP News

XRP has put $1 back on the radar after its four-hour chart lit up with two bearish setups at once. A head-and-shoulders structure that has been forming since June 5 points to roughly $0.99 — about 10% below current levels — should price break down through the neckline near $1.09. The second setup, a bear flag, opens a downside path toward $0.94 on a clean close under $1.10. A move back above the right-shoulder high at $1.12, by contrast, would invalidate the bearish read and could lift price into the $1.15 area.

On the regulatory front, the temperature is rising. Ripple CEO Brad Garlinghouse argued that JPMorgan chief Jamie Dimon’s criticism of the CLARITY Act distorts the facts and is aimed at protecting the traditional banking order. Garlinghouse noted that JPMorgan earns $20 billion in revenue and more than $5 billion in profit from payments alone, contending that Dimon is defending a highly lucrative turf. The U.S. Congress has roughly 16 legislative days left to weigh the bill before its August recess. CFTC Chair Michael Selig countered that the law does not loosen oversight but is designed to protect American investors. At the center of the debate sits a provision permitting yields on stablecoins.

In Asia, a regulatory threshold has been cleared. Japan’s House of Representatives approved a legal amendment that treats crypto assets such as Bitcoin, Ethereum and XRP as financial products akin to stocks and bonds. The bill now heads to the House of Councillors for final approval. If enacted, a flat 20% rate would replace the current progressive tax on crypto gains that can climb as high as 55%, with the new rate expected to take effect from 2028. The reform also clears the way for new investment products including a spot Bitcoin ETF and introduces a ban on insider trading. Japan Exchange Group is said to be targeting crypto ETF products by 2027.

The longer-term bull thesis remains intact as well. One analyst’s cycle model reads XRP’s return to the $1.10 zone not as a breakdown but as a retest of a structure that has held since the 2024 breakout. The model flags $5.40 as the first meaningful extension target — described not as the ultimate peak but as a zone where early-cycle profit-taking could cluster. Above that, the $11 to $15 range is framed as the band where speculation could widen, while $21 to $29 is treated as an upper-cycle ceiling contingent on strong macro conditions and continued adoption. The analysis stresses that these levels carry no certainty for the altcoin.

A notable ecosystem take came from Cardano founder Charles Hoskinson, who suggested Ripple may need Cardano’s privacy-focused sidechain Midnight to launch the next growth phase of the XRP ecosystem. Hoskinson said Ripple has built a strong payments network but that XRP lacks a native smart-contract ecosystem, which limits holders’ access to decentralized finance (DeFi) tools, yield opportunities and tokenized assets. Positioning Ripple not as a rival but as a bridge between traditional finance and crypto, Hoskinson argued that privacy, interoperability and real-world assets will shape crypto’s next chapter.

Institutional voices, meanwhile, lean toward cautious optimism. Teucrium chief Sal Gilbert assessed that XRP sits in oversold territory, with current pressure stemming less from a fundamental breakdown than from investors rotating into assets rising faster in the short term. Gilbert noted that the anticipated SpaceX listing — expected at a valuation of roughly $2 trillion — could soak up free capital in the market and weigh temporarily on risk assets. On the other side, he characterized DTCC’s gradual shift of its settlement infrastructure toward blockchain-based systems as a development that strengthens baseline demand for XRP’s role in institutional finance. The launch of RLUSD and the XRP EVM sidechain is also viewed as ecosystem expansion.

(as of 21:11 UTC) According to COINOTAG’s 42-indicator composite support/resistance scoring engine (as of 21:09 UTC), XRP’s $1.1693 resistance is strong at 72/100, fed by the overlap of the 0.214 Fibonacci level, the Ichimoku Tenkan and the R1 pivot. The $1.2146 resistance just above also carries 72/100 with contributions from the POC and R2. Below, the $1.1028 support (S1, lower Keltner band) scores 69/100, while $1.0500 stands out as the strongest floor at 77/100. In derivatives, open interest is $638 million and the long/short ratio of 3.04 (75% long) points to an overcrowded long side, while funding sits neutral. The Fear and Greed Index reads 12, deep in extreme-fear territory. Given an RSI of 34 and the ongoing downtrend, losing $1.05 would invalidate the bull case, whereas reclaiming $1.1693 could flip the picture.