Brad

Patrick

Parabolic

The XRP price has dipped 3% in the last 24 hours to trade at $1.89 after Ripple CEO Brad Garlinghouse reaffirmed his support for the CLARITY Act, despite ongoing concerns over some of the bill’s provisions.
Garlinghouse said the crypto industry needs regulatory clarity rather than perfect legislation, arguing that a practical framework would encourage innovation across the digital asset sector. He emphasized that waiting for an ideal bill could slow progress at a time when clearer rules are urgently needed.
The White House has also signaled strong backing for the crypto bill. Patrick Witt, executive director of the President’s Council of Advisors on Digital Assets, noted that compromises are often necessary to achieve meaningful progress. He suggested that the current, more crypto-friendly political environment presents the best opportunity yet for market structure legislation to pass.
<blockquote class="twitter-tweet">
 “Let’s not let perfect be the enemy of good” – this right here is the key. No piece of legislation has ever been perfect by everyone’s standards. What we need is a clear framework, allowing innovation to flourish — exactly what Market Structure will deliver.
 I’ll keep saying it… <a href="https://t.co/NXAlnazzdv" rel="noopener noreferrer nofollow">https://t.co/NXAlnazzdv</a>
 — Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/2013965204476899474?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 21, 2026</a>
</blockquote>

<h2 id="garlinghouse-bullish-on-crypto">Garlinghouse Bullish on Crypto</h2>
Garlinghouse shared an optimistic outlook for the broader crypto market in a <a href="https://www.cnbc.com/2026/01/21/crypto-price-high-ripple-davos-bitcoin.html" rel="noopener noreferrer nofollow">CNBC interview,</a> predicting that digital assets will reach new all-time highs this year. However, not everyone believes the CLARITY Act will have a major impact on XRP. Analyst unknowDLT argued that the bill is unlikely to affect XRP directly, adding to the debate over whether market structure laws benefit all tokens equally or mainly support certain parts of the industry.
Meanwhile, White House crypto czar David Sacks <a href="https://www.cnbc.com/video/2026/01/21/watch-cnbcs-full-interview-with-white-house-ai-crypto-czar-david-sacks.html?__source=sharebar%7Ctwitter&amp;par=sharebar" rel="noopener noreferrer nofollow">said</a> that once market structure legislation is passed, banks will fully enter the crypto space. He expects traditional banking and crypto to eventually merge into a single digital assets industry, with the same rules applying to all companies offering similar products. Sacks also said banks’ views on yield will evolve, especially as they become more involved in stablecoins.
He pointed to the GENIUS Act, passed in August, which includes provisions related to yield, although it prevents stablecoin issuers from directly offering rewards. Third-party crypto service providers, however, can still provide yield to users. Sacks stressed that compromise is essential to get the CLARITY Act signed into law, noting that previous crypto bills failed multiple times before succeeding.
<h2 id="xrp-price-bulls-defend-key-support-parabolic-reversal-in-focus">XRP Price Bulls Defend Key Support, Parabolic Reversal in Focus</h2>
The XRPUSD pair remained under pressure on Wednesday, extending its short-term downtrend as sellers continued to dominate the 4-hour chart. The token was <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer">trading near $1.89,</a> down more than 3% on the session, after failing to reclaim a critical resistance zone around the $2.05–$2.10 range.
The chart shows that XRP previously enjoyed a strong bullish breakout from a prolonged consolidation zone near $1.85, which fueled a sharp rally toward the $2.40 area earlier this month. However, that move was met with heavy selling pressure, forming a clear rejection at the upper resistance and triggering a broader corrective phase.
Following the pullback, XRP attempted to stabilize above the former support zone near $2.00. This area briefly acted as a demand region, but repeated rejections at Resistance 1 weakened bullish momentum. Once price lost the $2.00 psychological level, bears pushed XRP lower toward the $1.85–$1.88 support band, which has historically attracted buyers.
<img src="https://insidebitcoins.com/wp-content/uploads/2026/01/XRPUSD_2026-01-21_21-19-31.png" alt="XRP price" width="1281" height="605">
XRPUSD Chart Analysis. Source: Tradingview
Notably, the current structure suggests XRP may be forming a rounded base. The highlighted potential parabolic reversal indicates that as long as price holds above the lower support zone, bulls could attempt a recovery move. A successful bounce from this level would likely target the $2.00 region first, followed by a retest of $2.10 if momentum improves.
Momentum indicators remain mixed. The RSI (14) is hovering around 37, signaling that XRP is approaching oversold territory but has not yet confirmed a strong bullish divergence. This suggests downside risk still exists, though selling pressure appears to be slowing.
From a market perspective, traders are closely watching whether buyers can defend the current demand zone. A breakdown below $1.85 would invalidate the bullish reversal setup and expose XRP to deeper losses toward $1.70. On the upside, reclaiming $2.00 would be an early signal that bulls are regaining control.
<h3 id="related-articles">Related Articles:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/cftc-launches-future-proof-program-to-modernize-crypto-regulations" rel="noopener noreferrer nofollow">CFTC Launches “Future-Proof” Program to Modernize Crypto Regulations</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-dips-as-michael-saylors-strategy-boosts-bitcoin-holdings-to-709715-btc" rel="noopener noreferrer nofollow">Bitcoin Price Dips As Michael Saylor’s Strategy Boosts Bitcoin Holdings to 709,715 BTC</a></li>
 <li><a href="https://insidebitcoins.com/news/fed-to-inject-8-3-billion-in-liquidity-today" rel="noopener noreferrer nofollow">Fed To Inject $8.3 Billion In Liquidity Today</a></li>
</ul>

XRP Price Dips 3% as Garlinghouse Supports CLARITY Act

Table of Contents

Inside Bitcoins

Other articles published on Jan 22, 2026

Can HBAR Hit $1? What It Would Take

JasmyChain Completes Mainnet Migration And Enters Production

What to Expect from Bee Network in 2026

Kaisar Network Explained: Earn From Your Idle Hardware

BNB Chain Launches $650k Trenching Season Across Five Trading Platforms

Sei Network Expands As Bhutan Plans Validator Deployment

Join our free newsletter for daily crypto updates!