XRP July 2026 price near $1 as CLARITY Act delay looms

XRP slipped to $1.04 on July 1, hovering just above the $1 support line after a 20% drop in June, while broader crypto markets fell amid Fed‑rate anxiety and a $326 million leveraged‑position unwind [1].

Market backdrop and XRP’s price dynamics

June’s decline was not driven by Ripple‑specific news; the token logged its weakest level since late 2024 despite a “busy, mostly positive month” for the Ripple network [1]. The drop mirrored a market‑wide sell‑off, with Bitcoin slipping below $59 K and other major coins falling similarly, reflecting investor fear over interest‑rate policy and the Fed’s next move [1]. A single wave of forced selling on June 29 erased about $326 million in leveraged positions, adding further pressure [1].

Catalysts that failed to lift XRP

Spot XRP ETFs, which have attracted roughly $1.48 billion since launch, provided the only direct demand for the token, but outflows resumed at the end of June, dampening any price boost [1]. Ripple’s recent partnership with the Open USD stablecoin—backed by Visa, Mastercard, Stripe, BlackRock and 140+ firms—does not increase XRP demand because the coin is not the stablecoin’s native asset; the ledger is merely one of several possible platforms [1]. Hints of a future Ripple IPO remain speculative and have no immediate impact on price [1].

CLARITY Act delay and price outlook

The CLARITY Act, which would permanently classify XRP as a commodity, was slated for a July 4 signing but is now postponed as the Senate reconvenes on July 13 and likely pushes the floor vote to late July or early August [1]. When the bill cleared a committee on May 14, XRP jumped about 4.5% to $1.49, suggesting a full passage could be bullish, but the current delay leaves price action dependent on chart patterns [1].

Chart thresholds

• Support: The $1‑$1.06 band, where roughly 830 million XRP last changed hands, is holding; a break below $1 could expose the next support near $0.80 [1].
• Resistance: Immediate hurdles sit at $1.08‑$1.10 and $1.13‑$1.15, with the $1.18‑$1.20 zone marking the top of the prevailing falling channel [1]. Reclaiming that zone would hint at a potential trend reversal.

What to watch

• $1.00 support – a daily close below this could trigger a slide toward $0.80.
• $1.18‑$1.20 resistance – breaking and holding this range would signal the first major upside move of the year.
• CLARITY Act Senate vote – any progress or surprise passage in late July could spark a short‑term relief rally.

XRP’s near‑term trajectory is tethered to the broader crypto market’s mood and the timing of the CLARITY Act vote; absent a decisive regulatory win, price action will likely hinge on whether the token can defend its $1 support and breach the $1.20 ceiling.