XRP price near $1 as CLARITY Act vote looms, ETF inflows surge

XRP slipped to $1.12 on July 12, a 19.2% drop over the past month and a 69% fall from its July 2025 peak of $3.65, putting the token just above the $1 psychological barrier as a Senate vote on the CLARITY Act approaches [1][3].

Institutional flow and the CLARITY Act

The strongest near‑term driver is institutional money shifting into XRP ETFs, which recorded a record $131.94 million net inflow in May [1]. Early June saw modest continued inflows, punctuated by a $5.34 million outflow on June 3, ending a five‑week streak of net inflows. By contrast, Bitcoin and Ethereum ETFs posted multi‑day outflow streaks that only ended in early June [1]. The pending CLARITY Act, requiring a Senate floor vote before the August recess, could reprice XRP if approved, as it would provide clearer regulatory footing for the token [1].

Market context and on‑chain fundamentals

XRP’s price decline is less severe than its peers: Bitcoin fell 23% to $61,766, Ethereum 29.5% to $1,616, and Solana 27.6% to $64.20 over the same period [1]. Yet XRP remains 69% below its July 2025 high of $3.65, indicating a large upside if broader market sentiment improves [1]. On‑chain, XRP’s supply is fully minted at 100 billion tokens, eliminating scarcity‑driven price pressure [2]. Recent pilot programs in Japan and Southeast Asia have demonstrated cost savings of up to 60% versus SWIFT, and SBI Remit has settled over $15 billion using Ripple’s On‑Demand Liquidity service [2], supporting the narrative that institutional adoption could revive demand.

Competitive positioning

While Bitcoin’s price trajectory hinges on the Fed meeting on June 17‑18, and Ethereum awaits the Glamsterdam upgrade, XRP benefits from the most immediate catalyst—legislative action—plus the strongest institutional inflows among the four assets [1]. Solana’s recent ETF inflows ($1.06 billion) and upcoming Alpenglow upgrade also provide upside, but its higher volatility makes recovery more dependent on Bitcoin’s direction [1].

What to watch

• Price level: $1.00 support; a break below could trigger further downside.
• Regulatory event: Senate floor vote on the CLARITY Act before the August recess; approval could lift XRP’s regulatory cloud.
• ETF flow: Net inflows/outflows in XRP ETFs; sustained inflows would signal continued institutional interest.

XRP’s proximity to the $1 threshold, combined with record ETF inflows and a looming legislative decision, makes the token a focal point for investors watching the next crypto market rebound. The outcome of the CLARITY Act vote will be the key determinant of whether XRP can capitalize on its relatively modest price decline.