XRP Eyes $1.37 Upside as Bollinger Squeeze Meets July 4th Senate Deadline

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP enters the new week of June on a bullish note after closing the previous seven days strictly above the lower boundary of the Bollinger Bands. On the weekly chart by TradingView , the Bollinger Bands indicator has compressed into a tight spring, which technically points to a sudden exit from the consolidation phase. Advertisement The fact that the token closed the previous seven-day period strictly above the lower boundary of the indicator confirms buyers' ability to hold key support levels. This local reversal activates a bullish scenario in the market "menu" - a natural rebound toward the middle SMA line at $1.3725, and, if the upward impulse holds, even a test of the upper boundary at $1.57. Why a $1.37 upside is on the menu before July 4 The technical setup is perfectly synchronized with the political timing, as the U.S. administration is demanding a full Senate vote on the CLARITY Act by July 4. What adds intrigue to the current calm is how resiliently the token absorbed the recent market-wide storm, which dragged the price down by 17%. HOT Stories XRP, Bitcoin (BTC), Ethereum (ETH) and Hyperliquid (HYPE) Price Analysis for June 8: Are Top-Tier Assets Ready to Bounce? Schiff: 99% Crash Wouldn't Phase Bitcoin 'Cult' While the industry was being thrown from side to side, U.S. spot XRP ETFs showed interest, and from June 1 to June 5, capital flows swung from a negative $5.34 million to a positive $4.13 million. By the end of the week, institutional players had fully bought the dip, pushing the net balance into positive territory at $2.62 million. Advertisement XRP weekly price chart within Bollinger Bands, Source: TradingView Behind the scenes, this visible interest from large capital is being directly linked to the timing of the congressional vote. The White House's demand for a decision on the CLARITY Act by Independence Day, July 4 , practically explains the current price behavior. You Might Also Like Mon, 06/08/2026 - 03:00 XRP, Bitcoin (BTC), Ethereum (ETH) and Hyperliquid (HYPE) Price Analysis for June 8: Are Top-Tier Assets Ready to Bounce? By Arman Shirinyan With high probability, XRP will continue collecting liquidity and drifting inside a sideways corridor until the resolution comes in early July, and for market participants, this will be an elimination game with a binary outcome. Advertisement Approval of the law could trigger a major short squeeze and quickly carry the price toward the calculated technical targets around $1.37. If force majeure hits and the regulatory initiative is rejected, which Polymarket pricing currently assigns a 49% probability in 2026, market-wide pressure and U.S. macroeconomic risks could push XRP lower, sending it to test the psychological support level at $1.00. #XRP News #Ripple News #XRP #XRP Price Analysis