XRP drops below $1.30 as Senate CLARITY Act vote approaches

XRP slid 3% in the last 24 hours to $1.28, breaking the $1.30 key support level and leaving the token 66.6% below its all‑time high of $3.84, as investors weigh the pending full Senate vote on the CLARITY Act against a backdrop of heightened geopolitical risk【1】.

Regulatory backdrop and recent price action

The Senate Banking Committee’s bipartisan 15‑9 approval of the CLARITY Act on May 14 sparked a short‑term rally that lifted XRP from $1.42 to $1.52, but sell pressure around the $1.44‑$1.45 zone quickly erased those gains【1】. With the full Senate still needing a filibuster‑proof 60‑vote majority and reconciliation with the Agriculture Committee’s version, the token is now awaiting a decisive vote that could cement its status as a digital commodity【1】.

XRP’s price history shows a consistent pattern of rapid moves on regulatory news. A July 13, 2023 federal judge ruling that secondary‑market XRP sales were not securities triggered an 87% one‑day rally from $0.47 to $0.88【1】. More recently, a joint SEC‑CFTC statement on March 17, 2026 classified XRP as a digital commodity, briefly lifting the token to $1.54 before profit‑taking pulled it back to the $1.40 range【1】. These precedents suggest that the upcoming full Senate decision could again act as a catalyst, especially if the bill clears the 60‑vote threshold expected between June and early August【1】.

Ripple’s banking progress adds another layer

Beyond the CLARITY Act, Ripple secured a conditional OCC trust‑bank charter in December 2025, giving it regulated custody and fiduciary authority over its RLUSD stablecoin, though it still lacks a Federal Reserve master account【2】. Approval of that master account would let Ripple settle cross‑border payments directly on Fedwire and FedNow, potentially shifting XRP from a peripheral settlement token to a core infrastructure component. Large banks such as Santander, HSBC, Deutsche Bank and JPMorgan already have ties to Ripple, and full banking integration could broaden institutional adoption if the regulatory environment remains favorable【2】.

Market sentiment and on‑chain context

The recent 3% dip was amplified by fresh US airstrikes on Iran, which pushed the broader crypto market lower and underscored the token’s sensitivity to macro‑risk events【1】. Despite the short‑term weakness, XRP remains well below the $1.52 rally level seen after the Committee vote, offering a lower entry point for traders who anticipate a positive outcome from the Senate. However, the same macro shock that drove the token below $1.30 also demonstrates how quickly regulatory gains can be offset by geopolitical turbulence.

What to watch

• Senate CLARITY Act vote – a 60‑vote majority needed; a June‑July vote could trigger a move above $1.50.
• Federal Reserve master account – approval would enable direct Fedwire/FedNow settlement, a potential catalyst for a rally toward $3.00.
• Key price levels – watch $1.30 support, $1.44‑$1.45 break‑even zone, and $1.80 resistance as the token tests the next upside target.

XRP’s trajectory now hinges on whether the Senate can deliver a clear legal status before macro risks reassert pressure, leaving the market to decide if the token can translate regulatory wins into sustained price appreciation.