XRP Faces Key Resistance as Market Expert Predicts Move to $1.70

XRP has been consolidating around the $1.39 area in recent times, struggling to extend its recovery momentum.

Market expert Sam Daodu points out two key events that could potentially spark a move to $1.70 for XRP: Project Freedom and the CLARITY Act.

The 'Project Freedom' initiative, announced by President Trump, aims to ease oil prices by allowing ships to pass through the Strait of Hormuz, which could have a positive impact on risk assets like crypto.

However, the report suggests that the CLARITY Act is the main catalyst for XRP's chart behavior. If the bill clears the committee and gains clarity, it could unlock meaningful buying demand and potentially trigger an additional $4 billion to $8 billion in ETF inflows.