# XRP Price Drops 22%

**Published:** 2026-07-12T21:07:08.657Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/bfd6b705-01bc-49cf-9241-24411d430e7c

XRP price falls 22% in 30 days, trading below $1.10, with analysts warning of a potential 40% further drop to $0.70, citing the CLARITY Act and BTC price as

XRP's price has fallen 22% over the past 30 days, dropping below $1.10, with analysts warning of a potential further 40% decline to $0.70 [1]. This move has raised concerns among investors, as the cryptocurrency's price has broken below its 20, 50, 100, and 200-day moving averages, a configuration that typically signals sellers remain in control.

| At a glance | |
|---|---|
| Price | $1.09 |
| 24h % move | -1.5% |
| Key level | $1.05 support |
| Catalyst | CLARITY Act and BTC price |

The recent decline in XRP's price has been attributed to various factors, including the broader crypto market weakness and the failure to reclaim the $2.00 level [2]. According to market expert Sam Daodu, the technical picture is now fully bearish across multiple timeframes, with XRP trading below its key moving averages [1]. The expert notes that there is not much support once XRP trades at $1.09, with buyers showing interest around $1.05 and $1.00 being the next major psychological floor.

## What drove the move
The CLARITY Act, which cleared the Senate Banking Committee on May 14 and was placed on the Senate Legislative Calendar on June 1, is seen as a key catalyst for XRP's price [1]. If the bill clears, it could trigger institutional inflows, potentially prompting a rally. However, if the bill stalls, prices could retreat toward $0.53. Additionally, BTC's ability to reclaim and consolidate above $60,000 is also seen as a crucial factor in determining XRP's price direction [1].

## On-chain context
On-chain metrics are mixed, with 332,230 wallets holding at least 10,000 XRP, and whales controlling 45.83 billion XRP, representing 68.5% of the circulating supply [1]. The monthly RSI has also fallen into the oversold reset zone for only the fourth time in 13 years, which could precede a major reversal in XRP's direction [1].

## What to watch
* XRP's price level at $1.00, which could act as a major psychological floor
* The CLARITY Act's progress, with a potential Senate floor vote before the August recess
* BTC's price movement, with a reclaim of $60,000 potentially triggering a rally in XRP

The real significance of XRP's price drop lies in its potential impact on the broader crypto market, as well as the implications of the CLARITY Act on the cryptocurrency's regulatory environment. As the price continues to trade below $1.10, investors are left wondering whether XRP will drop further to $0.70 or rebound to $2.80, making it a critical asset to watch in the coming weeks.

## Sources
1. Cryptorank — [XRP To $0.70 Next? The Case For Another 40% Crash | Ripple CLARITY Act | CryptoRank.io](https://cryptorank.io/news/feed/9e5b0-xrp-to-0-70-next-the-case-for-another-40-crash)
2. Financemagnates — [Why XRP Is Falling? 7-Day Drop Raises Risk of Another 40% XRP Price Decline](https://www.financemagnates.com/trending/why-xrp-is-falling-7-day-drop-raises-risk-of-another-40-xrp-price-decline/)

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Cite as: TrendWatcher, "XRP Price Drops 22%", https://www.trendwatcher.in/article/bfd6b705-01bc-49cf-9241-24411d430e7c