XRP Weekly, Sunday 5 July 2026
Open USD lands with Visa, Mastercard and BlackRock behind it. Here's where XRP actually fits.
The Consensus
🪙 Open USD lands with 140 backers including Visa, Mastercard and BlackRock. Big for Ripple’s standing, though it does not run on the XRP Ledger.
🏦 The XRP ETF streak hits eight weeks of net inflows, near $1.47 billion in total, even as the price barely reacted.
⚖️ The CLARITY Act stalls as bipartisan talks break down, and its July window is closing faster than the hype suggests.
The Numbers
The Chart Watch
XRP has bounced nicely off the $1.00 zone, and $1 was the target I had been calling for all along. The line that matters now is the downward sloping resistance running from the top of this whole bear market. Because it slopes lower as time goes on, it now sits around $1.17, and that is exactly where price is: pushed up into the trendline and getting a small rejection today, back around $1.14. This is the single most important line on the chart, it is the trend of the entire bear market, and the whole question is whether we break it.
A clean break opens the door back toward $1.30, though $1.30 is a wall: the horizontal level around $1.31 with the Momentum Band stacked just above it. Clear $1.31 and we can start talking about $1.50, even $2, if the wider market gives us the momentum. The honest flip side is that we are not above the trendline yet, so if it keeps capping price, a retest of $1.00 is on the table, with 90 cents and 80 cents below that. Nothing changes those levels until the trendline actually breaks.
Two things tilt my short-term read constructive. Price has reclaimed the 9-day and 21-day exponential moving averages (EMAs) around $1.10 and $1.11, and my Trigger Alert is on the verge of its first bullish tick. There is also a clear bullish divergence on the daily, the Relative Strength Index (RSI) making higher highs while price made lower lows, which is a big reason we bounced so cleanly off $1.00. For the record: I am still holding the position I opened around $1.00, and that is my position, not a suggestion. If we tag $1.30 I may take my shorter-term trade off; if we roll over instead, I hold the rest long term and look to add lower myself.
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The Ripple Effect
🪙 Open USD: What the 140-Backer Stablecoin Actually Means for Ripple and XRP
On 30 June, a group calling itself Open Standard unveiled Open USD (OUSD), a dollar-backed stablecoin with more than 140 companies behind it, and the roster is the story. It spans the card and payment networks (Visa, Mastercard, American Express, Stripe, Adyen), major banks and asset managers (BlackRock, BNY Mellon, Standard Chartered, BBVA, DBS and U.S. Bank), big tech and retail (Google, Samsung, IBM, Shopify, DoorDash) and much of crypto (Coinbase, OKX, Bybit, Galaxy Digital, Fireblocks, MetaMask). It is not trading yet, is expected to go live later in 2026, and will launch across four chains, Solana, Stellar, Base and Polygon. Ripple put its name to it on day one as an integration partner (The Block).
What makes it a genuinely big deal is the business model, not the branding. Every major stablecoin today, USDC and Tether included, keeps the interest earned on the reserves that back it, and that interest is essentially the entire business. Open USD inverts that: businesses can mint and redeem it with no fees and no volume caps, and the yield on the reserves is handed back to the partners instead of kept by the issuer. It will be run by Open Standard, an independent company whose board is the partners themselves, so no single company controls the coin, which is the neutrality that names like Visa and Google wanted before signing on. That model is aimed squarely at Circle, the issuer of USDC, whose stock fell about 17% in a single day and roughly a quarter across the month, because close to 96% of Circle’s revenue comes from the reserve income Open USD wants to give away (FinanceFeeds).
So is it good for Ripple? On balance, yes. Ripple did not have to build this or fund it, yet it gets to stand inside the biggest new payments coalition in the market, next to Visa and BlackRock, and keep its own stablecoin, Ripple USD (RLUSD), running at the same time. It wins the association and the relationships without betting everything on a single coin. This is Ripple doing what it has always tried to do: be the plumbing behind payments rather than pick one horse and hope.
Is it good for XRP? Here is the honest answer, and it is the part the loud accounts are getting wrong. Open USD does not run on the XRP Ledger (XRPL). It launches on Solana, Stellar, Base and Polygon, and XRP is not its settlement token. Anyone telling you XRP powers Open USD, or that Ripple built it, is simply wrong. A win for Ripple the company is not the same as a win for XRP the token, and this launch does not put XRP under the hood of the new coin.
Where XRP could genuinely fit is narrower and more interesting. In corridors where there is thin direct liquidity between Open USD and a local currency, XRP can still act as the neutral bridge asset that moves the value, using Ripple’s existing on-demand liquidity model. That is a possibility, not a promise. What is already concrete is RLUSD: in late June the amount issued on XRPL narrowly overtook the amount on Ethereum for the first time, around $801 million against $795 million (CoinGape), and Ripple minted a further $225.8 million on XRPL in early July (MoneyCheck). Every one of those transactions burns a tiny amount of XRP and locks up a small reserve, so the token’s on-chain job grows with it.
Put it together and the read is clear. Open USD is huge for the stablecoin wars, good for Ripple’s standing, and only indirectly relevant to XRP, through the ledger and as a possible bridge asset, not through the coin itself. The thing worth watching is whether any Open USD volume ever routes through Ripple’s rails or the XRP Ledger, because that, and not the launch headline, is the moment it would start to touch the token.
🏦 XRP’s ETF Streak Hits Eight Weeks
United States spot XRP exchange-traded funds (ETFs) logged an eighth straight week of net inflows, taking cumulative demand since the November 2025 launch to roughly $1.47 billion. Through a stretch that saw XRP grind down toward $1 and sit there for weeks, the fund wrapper kept pulling in money on most days (24/7 Wall St.).
The pattern worth understanding is the divergence. Fund flows stayed green for two straight months while the spot price did the opposite, which is the behaviour of allocators building a position rather than traders chasing a move. The caveat is that the pace is cooling: the most recent week added only around $23 million, a fraction of the streak’s earlier runs, so the demand is real but slowing (BeInCrypto).
Scale keeps it honest. That $1.47 billion is a genuine pool of regulated demand, but it is still small next to Bitcoin’s ETF complex, and a fair share of it looks like committed XRP holders moving into a fund wrapper rather than brand-new institutions. The signal to watch now is whether the inflows hold up with XRP bounced back toward $1.15, because steady accumulation into weakness is the kind of base that can matter once sentiment finally turns.
⚖️ CLARITY Act Update: The July 4 Deadline Slipped, So Here Is the Real Timeline
Last week the story was Senator Cynthia Lummis putting a July floor vote on the table. The update this week is that the first deadline has already gone. The White House had pointed to 4 July for passage, no vote happened before the holiday, and Lummis herself had called a pre-July 4 vote unlikely. Congress is now in its Independence Day recess, with senators due back on 13 July (Yahoo Finance).
So, plainly: yes, the next step is a Senate floor vote, and it is a high bar, 60 votes, which means around seven Democrats have to cross over. No date is set. The realistic window is after the 13 July return and before Congress breaks for the August recess, so the back half of July, and analysts warn that if it does not clear the Senate by then its 2026 chances fade fast. What has to happen first is the compromise text, and the block is an ethics provision: a closed-door meeting collapsed last month over language that would have let state attorneys general sue the Justice Department for failing to enforce ethics rules. Until that is resolved the seven Democratic votes are not there, and Majority Leader John Thune has not scheduled floor time (Yahoo Finance).
For XRP the prize has not changed: the bill would lock XRP’s status as a digital commodity under the Commodity Futures Trading Commission (CFTC) into federal law, rather than leaving it to a court. So the direction still matters even as the timeline tightens. Polymarket now prices 2026 passage near 48%, down from about 74% a month ago, and the two markers to watch are the compromise text actually landing and Thune putting it on the floor calendar once senators are back.
Seen on X
Sensei’s Insight: This is Ripple confirming it in its own words, so read it closely and not through the hype filter. Note the phrasing: a day-one integration partner, open and multichain infrastructure. That is Ripple telling you this is a payments-plumbing move, not a claim that XRP is the settlement token for the biggest new stablecoin around, because it is not. What Ripple actually gains is a seat next to Visa and BlackRock, and the option to route some of this over the XRP Ledger in future while RLUSD keeps growing underneath it. That is the part worth caring about as a holder.
Sensei’s Insight: Terrett is one of the very few worth following on the legislation, and this is the clearest read going on why the CLARITY Act has stalled. The key thing to take from it is that this is political horse-trading over ethics and enforcement language, not support falling away. That distinction matters, because for XRP the prize is a federal commodity label written into law, something no future administration could easily unwind. I am not fixed on the timing, and you should not be either. Watch whether floor time actually gets scheduled before the recess, not the countdown posts promising a signing any day now.
Debunked
Posts like this bundle three things together, a Ripple initial public offering (IPO), the company’s share buyback, and a “community reward,” and leave you with the impression that holding XRP earns you a slice of Ripple. It does not. Ripple is private, has filed nothing for an IPO, and has said going public is not a current priority. Its buyback is simply a private company repurchasing stock from existing investors, which has nothing to do with XRP holders. And XRP is not equity: the token gives you no shares, no dividend, and no claim on Ripple’s profits. Ripple is the company; XRP is a separate digital asset that exists independently of it.
So where does the “community reward” idea come from? Chief executive Brad Garlinghouse was once asked whether Ripple might do something for holders if it ever listed, and he said maybe “something special,” while stressing it was not in the immediate term and naming no actual mechanism. That vague maybe has been amplified into a firm expectation. Be precise about it: a conditional comment about a possible future gesture is not a plan, and it is the same confusion sitting underneath a lot of this week’s Open USD noise, a win for Ripple the company is not automatically a payout for XRP the token. What is confirmed: Ripple is private, has committed to nothing concrete, and XRP carries no ownership rights in the company (crypto.news).
Poll
This content is for informational and educational purposes only and does not constitute financial advice. Always do your own research. Not financial advice (NFA).
This is good info, keep up the good work.