XRP and Bitcoin Price Outlook Improves as CLARITY Act Progress and ETF Inflows Boost Crypto Sentiment

Bitcoin and XRP extended their gains this week as investors returned to major cryptocurrencies amid improving market sentiment. Bitcoin climbed above $62,000 and briefly traded past $63,000, marking its highest level in two weeks, while XRP gained nearly 10% over the past seven days to trade around $1.13. The rally followed softer-than-expected U.S. jobs data, easing inflation concerns and increasing demand for risk assets.

Investor attention is also shifting toward the CLARITY Act, a proposed U.S. crypto market structure bill designed to establish clearer regulations for digital assets. Although the legislation has already passed the House of Representatives and advanced through the Senate Banking Committee, it still awaits a full Senate vote before moving closer to becoming law.

July is considered a critical month for the legislation because the Senate has limited time before its August recess. Any delay could push the bill's progress further into 2027. Senator Cynthia Lummis recently encouraged additional review of the revised bill text, with the latest version expected to be released around July 4.

Prediction market Polymarket currently estimates a 51% probability that the CLARITY Act will become law in 2026, with more than $1.52 million in trading volume. The outlook suggests investors remain cautiously optimistic despite recent declines in approval odds.

From a technical perspective, Bitcoin must maintain support above $62,000 to preserve its short-term bullish momentum. A sustained move above $63,500 could pave the way for a rally toward the $65,000 level. However, a drop below the key $60,000 support zone may trigger renewed selling pressure and weaken confidence across the broader cryptocurrency market.

XRP has also remained one of the strongest-performing large-cap digital assets. Holding above the $1.10 support level could create momentum for another move toward $1.20. However, slower legislative progress or declining market participation could weigh on XRP's performance, as regulatory clarity remains a major catalyst for the token.

Institutional demand continues to support both assets through U.S. spot exchange-traded funds. Bitcoin spot ETFs recorded daily net inflows of $221.72 million, bringing cumulative inflows to $51.08 billion. Total daily trading volume reached $2.13 billion, while total net assets stood at approximately $74.37 billion. Fidelity's FBTC led inflows with $165.90 million, followed by ARK 21Shares with $91.84 million. BlackRock's IBIT, however, posted daily outflows of $40.43 million despite maintaining net assets of roughly $44.91 billion.

Meanwhile, U.S. XRP spot ETFs attracted $6.55 million in daily net inflows, lifting cumulative inflows to approximately $1.49 billion. Total ETF assets reached about $987.91 million, with Bitwise's XRP fund accounting for the day's inflows. The steady ETF demand highlights growing institutional interest as investors await further progress on the CLARITY Act and upcoming U.S. inflation data, both of which could shape the next move for Bitcoin and XRP prices.