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Senate Calendar, $1.08 Crash & ETFs Buying the Dip | Jun 7
Audio is available on Spreaker — see link below.
XRP hit a 19-month low of $1.08 on June 7 even as the CLARITY Act reached the Senate Legislative Calendar — the sharpest regulatory-price divergence of the cycle. Institutional ETF inflows and record whale accumulation tell a different story than the price chart.
Audio is available on Spreaker — see link below.
The CLARITY Act just cleared the Senate Banking Committee and landed on the Senate Legislative Calendar. That's the clearest regulatory signal XRP has seen in months, and it arrives in the same week XRP hit a nineteen-month low.
On June seventh, XRP dropped to one dollar and eight cents. That's a sixty-nine percent decline from its cycle high of three dollars and sixty-five cents.
That institutional support shows up clearly in ETF data. XRP spot ETFs pulled in one hundred and thirty-one-point-nine-four million dollars in May and another four-point-one-three million in early June.
The risk that cuts against all of that is liquidity. Binance's thirty-day liquidity index for XRP dropped to zero-point-zero-four-three.
On the legislative side, the House Ways and Means Committee released seven draft crypto tax bills on June seventh. A full committee hearing is scheduled for June ninth.
The clearest near-term signals to watch are two. First, whether the Senate schedules a CLARITY Act floor vote before the August recess.
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