XRP price drops below $1 as CLARITY Act stalls, investors eye $0.85

XRP slipped to around $1.08 on July 30, retreating from a July 21 peak of $1.16 after the Senate set aside the CLARITY Act, leaving the token hovering just above the $1 psychological barrier.

Senate delay stalls rally

The price rise to $1.16 on July 21 was triggered by President Trump’s agreement to the ethics provision that had blocked the CLARITY Act in the Senate. Nine days later, the Senate cleared the bill to address a Russia sanctions package, effectively pausing any further progress on the legislation. Traders on Polymarket now price the odds of the bill becoming law this year at roughly 30 %, down sharply from 82 % in February. The Federal Reserve’s decision to hold rates on July 29, with three officials voting for a hike, also removed the prospect of rate cuts that had buoyed crypto assets.

On‑chain pressure and ETF flow fade

XRP has been in a year‑long decline, down about 70 % from its July 2025 peak of $3.65. On June 26, the token briefly touched $1.009 on $2.2 billion of volume, the month’s heaviest day, before stabilising above $1 for five weeks. On‑chain data shows more than 830 million XRP sitting between $1.00 and $1.06—the densest concentration near the current price—while virtually no coins were bought between $0.80 and $1.00. Large wallets (100 k‑100 M XRP) added roughly 600 million XRP in the five weeks after June 26, representing about a third of the circulating supply, whereas whale deposits to Binance fell to 25.3 million XRP, the lowest since January 2025. ETF inflows, which had surged to $130 million in May, have dwindled to $13.61 million this month, indicating waning institutional demand.

Potential support zones

If XRP breaches $1, the next sizable holder cluster lies at $0.80, where 923 million XRP last changed hands. Market participants have earmarked $0.975, $0.87 and $0.85 as immediate support levels. Robinhood’s prediction market assigns a 41 % chance that the 2026 low will fall below $0.80, down from 53 % on June 11, reflecting a consensus that the low will likely settle between $0.80 and $1.

What to watch

• $0.85‑$0.95 range: A close below $1 would likely trigger a slide toward this band.
• CLARITY Act floor vote: Any Senate floor action before the September recess could provide a catalyst for a rebound or further decline.
• ETF inflows: Continued low inflows (≈$13 million) suggest limited upside unless new capital enters.

The price now sits at a critical juncture: without a Senate breakthrough or renewed ETF demand, XRP may test the $0.85‑$0.95 floor, echoing past bear‑market patterns and setting the stage for its next major move.