XRP Holds Near $1.09 as XRPL Stablecoin Supply Crosses $1 Billion and CLARITY Act Advances in Senate

XRP Signal Daily Briefing, July 12, 2026

Today's Top Stories

Today we are tracking a busy but measured news cycle across institutional, on-chain, and regulatory categories. No single headline dominates, but the aggregate picture reflects a market navigating meaningful structural developments while price action remains subdued.

• XRPL stablecoin supply crossed $1 billion in total value during June 2026, according to a Binance Research monthly market report. RLUSD, Ripple's dollar-pegged stablecoin, recorded a market cap above $1.7 billion, reinforcing the XRP Ledger's growing presence as a stablecoin settlement layer.
• SWIFT's new blockchain ledger initiative and the DTCC's July 15 deadline for tokenized securities are prompting analysts to examine how XRP and Ripple's settlement volumes fit into an evolving institutional infrastructure landscape. SWIFT has separately stated it does not plan to adopt XRP for its core messaging and settlement operations.
• Russia has approved XRP as one of the assets eligible for testing on the Moscow Exchange under a state-sanctioned crypto pilot, opening a potential regulated trading venue in a major economy. A payments partnership involving a company in which Ripple holds a stake has also been reported alongside that announcement.

ETF Update

Today we are tracking XRP ETF vehicles with a combined total AUM of approximately $115 million and 104.7 million XRP locked across products as of the July 12 snapshot. Daily trading volume across these instruments came in at roughly $5.2 million.

• The ETF component of the XRP Signal Index reads 44, indicating mild outflow pressure relative to neutral.
• XRP held in ETF products represents approximately 0.176% of total circulating supply. AUM levels remain modest relative to the broader digital asset ETF market.

Technical Snapshot

Today we are tracking XRP at $1.0938, a decline of approximately 1.03% over the prior 24 hours. The asset closed the most recent session at $1.0932 and has traded within a 90-day range of $1.0359 to $1.4845.

• Traders are watching support at $1.0694 and $1.0359, with resistance levels at $1.1286 and $1.1729. The 50-day simple moving average sits at $1.1601, which is currently below the 200-day simple moving average of $1.4536, a configuration consistent with a longer-term downtrend.
• The 14-day RSI reads 44.7, placing momentum in a balanced but slightly softening range. Key Fibonacci retracement levels in focus include the 78.6% level at $1.1319 and the 61.8% level at $1.2072. The overall technical read remains bearish, with the longer-term downtrend intact and momentum data confirming that direction.

Whale Watch

Today we are tracking five notable large-transaction events recorded on July 11, 2026. The direction of each transaction is unconfirmed in available on-chain data.

• The largest single movement involved approximately 6.87 million XRP, recorded at 15:42 UTC. Three additional transactions exceeded 4.7 million XRP each, occurring between 17:40 and 21:42 UTC. A fifth transaction of approximately 2.9 million XRP was recorded earlier in the day at 08:34 UTC.
• The whale component of the XRP Signal Index reads 48, consistent with the index summary characterization of distribution activity. Without directional data, the net effect of these flows on market structure remains unclear, though the volume of large movements warrants continued monitoring.

Regulatory Pulse

Today we are tracking several concurrent regulatory developments that are shaping the institutional backdrop for XRP and the broader digital asset market.

• The CLARITY Act is advancing in the US Senate with bipartisan support. Current tracking places the legislation at 60% progress, with an August 7 deadline noted as a key date. A Senate Banking Committee member has indicated the bill is nearing completion, and the White House has signaled readiness to sign it into law. The CFTC chair has expressed support for the framework.
• Circle has received a national trust bank charter from the OCC, a development that is prompting observers to ask whether Ripple will pursue a comparable designation. Ripple has already achieved full MiCA authorization across all 30 EEA countries, placing it among the more comprehensively licensed stablecoin issuers globally. The SEC custody framework and the US stablecoin framework remain under monitoring without confirmed progress updates.

Tomorrow's Watchlist

Today we are flagging several items that warrant attention heading into July 13.

• The DTCC's July 15 deadline for bringing tokenized securities on-chain is now three days out. Any announcements or clarifications related to that process, and any commentary on XRP's potential role, are worth tracking closely.
• Mid-tier wallet accumulation reached a new all-time high of 1.12 million wallets holding between 1,000 and 100,000 XRP, even as retail price participation has declined. Continued movement in this cohort could provide additional on-chain context for price behavior.
• Price action around the $1.0694 support level warrants monitoring. A sustained hold above that level may be interpreted by traders as stabilization; a break below it would bring the $1.0359 level into focus.

This briefing is for informational purposes only and does not constitute financial advice.