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XRP trades around $1.04, down 20% in June, with support at $1‑$1.06 and resistance near $1.20; watch the CLARITY Act vote and Bitcoin’s floor.
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].
| At a glance | |
|---|---|
| Price | $1.04 |
| 30‑day change | –20% |
| Key support | $1‑$1.06 (≈830 M XRP traded) |
| Near‑term catalyst | CLARITY Act Senate vote delay |
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].
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].
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].
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.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 1, 2026 · How we report
LendProtocol provides a fixed 12% APR on XRP deposits, with daily compounding resulting in an effective annual yield of approximately 12.75%.
Borrowers must post at least 120% collateral, and LendProtocol absorbs all credit and default risk, protecting depositor principal.
XRP is trading around $1.04 in July, down about 20% from the previous month, mirroring a broader market decline rather than Ripple-specific issues.
Spot XRP ETFs have attracted about $1.48 billion, Ripple joined the Open USD stablecoin project, and the pending CLARITY Act, which could classify XRP as a commodity, may influence future price movements.
LendProtocol operates independently and is not affiliated with Ripple Labs or the XLS‑66 protocol.