XRP surged nearly 20% this week, approaching $1.21, fueled by a wave of optimism driven by Washington rumors. Several fundamental catalysts powered this bullish move: the U.S. Treasury’s launch of yield curve control, the SEC’s release of its « Regulation Crypto Assets » framework, and a closed-door meeting between the presidential administration and industry executives including Ripple leadership to discuss real-world asset tokenization and the Clarity Act. Technically, the daily RSI stands above 71.59 and the Crypto Fear and Greed Index has reached 60, signaling marked overbought conditions and greed in a context where XRP faces a cluster of major resistances between $1.2172 and $1.2277. A full trend reversal will only occur after a weekly close above $1.2340, with the risk of a rapid pullback toward $1.07 and $1 support levels remaining high.
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