Search results for Directional Index
Crypto
XRP down 8 percent in a week as CLARITY bill delayed and Fed caution grows
XRP is extending its weakness as a delay in the U.S. Senate’s handling of the CLARITY bill coincides with market caution ahead of the Federal Reserve’s policy decision. XRP is trading around $1.06, down about 8 percent over the past week. The Senate has officially put discussions on the bill on hold, narrowing the legislative window before its Aug. 7 recess. Traders are also watching the FOMC for signals that could affect broader risk assets.
Crypto
Bitcoin rebound extends, but market still eyes $55,000 level
Bitcoin rebounds to around $66,000 after testing support at the 200-day exponential moving average, but the market remains cautious about further gains. A bearish dead cross on daily charts persists and trend strength indicators remain weak, while RSI signals room for upside. On Myriad, most traders expect $55,000 before $84,000. The Coinbase premium index has stayed negative since May, suggesting limited U.S. institutional buying.
Crypto
XRP rallies on U.S. Clarity bill hopes, but technical indicators still caution
XRP rose more than 3 percent to around $1.14 on expectations the U.S. Congress will pass the Clarity bill. The move followed reports that President Donald Trump agreed to an ethics clause, lifting Polymarket’s odds of passage to 43 percent. Risk appetite also spread across crypto markets. Still, technical indicators such as a low ADX and a continuing dead cross suggest the uptrend is not yet confirmed.
