XRP is changing hands around $1.03 today, sitting just above the $1.00 mark that traders have been watching closely for weeks. The token slipped slightly over the past 24 hours, and it's stil
XRP is changing hands around $1.03 today, sitting just above the $1.00 mark that traders have been watching closely for weeks.
The token slipped slightly over the past 24 hours, and it's still down on the weekly chart after the CLARITY Act missed its expected timeline in the Senate.
Bitcoin, meanwhile, climbed back above $65,000, and Ethereum held firm above $1,900. XRP's move looks more tied to its own regulatory story than to the wider market mood.
As of writing, the altcoin trades near $1.0326, down about 0.52% on the day. The token's market cap sits around $64.47 billion, with a circulating supply of 62.53 billion XRP out of a 100 billion max supply.
Metric
Value
Price
$1.0326
24h Change
-0.52%
Futures Volume (24h)
$1.31B
Spot Volume (24h)
$171.39M
Market Cap
$64.47B
Open Interest
$2.47B
Circulating Supply
62.53B
Total Supply
99.98B
Max Supply
100.00B
XRP derivatives data shows a mixed picture underneath the surface. Trading volume is up 18.78% to $1.32 billion, but open interest slipped 0.16% to $2.48 billion. Options volume dropped sharply, down 35.97% to $726.36K, while options open interest ticked up 0.42% to $59.97 million.
The short answer is delay. The Senate was expected to move on the CLARITY Act, but that didn't happen before lawmakers left for August recess.
Senate Majority Leader John Thune has placed the bill in line for a possible procedural vote around September 15. That date is not confirmed as a final passage vote, only an early step.
The bill still needs 60 votes to pass, which means several Democrats have to come on board. Sticking points remain around ethics provisions and how decentralized finance insurance would work under the new rules.
Grayscale's research chief, Zach Pandl, has pointed out that election-year politics and a packed Senate calendar could limit what gets done on crypto regulation this year.
Bitcoin and stablecoins may keep growing regardless, but he's warned that without clearer rules, some blockchain investment could move outside the United States.
What would the CLARITY Act mean for XRP?The bill matters to XRP more than most tokens because of its long legal history with the SEC. Here's what's at stake if it eventually passes.
Commodity status becomes law, not just policy. A joint SEC and CFTC interpretive release on March 17 already treated XRP as a digital commodity, building on the earlier SEC v. Ripple Labs court ruling. A law would lock that classification in permanently, in a way a regulatory memo cannot.
Institutional money may finally move. Some large investors have said they're not waiting on more regulatory guidance. They're waiting on Congress. A passed bill removes that excuse.
Stablecoin rules get clearer too. Under a deal reported earlier this year, passive yield on dollar-pegged tokens would be barred, while activity-based rewards tied to payments would stay allowed. That shapes how stablecoins could work alongside XRP-based infrastructure.
Token categories get defined. The bill sorts digital assets into five buckets: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. For projects building tokenized assets or lending tools on the XRPL, that's the difference between a gray area and a rulebook.
It could set a global tone. XRP's use case leans heavily on cross-border settlement. If the U.S. writes clear rules for the assets behind that kind of infrastructure, other countries may follow that lead.
A separate sticking point over stablecoin yield had also stalled the bill for months. That was resolved when Senators Tillis and Alsobrooks confirmed a White House-backed agreement on March 20, with a Senate Banking Committee markup originally targeted for late April.
The bill has already cleared the House by a 294–134 vote and passed the Senate Agriculture Committee. The Senate Banking Committee markup was the next step expected at the time, though the process has since dragged into the current September timeline.
Are whales buying XRP right now?Some on-chain data suggests yes. Large holders reportedly added more than 380 million coins over the past week, which traders read as a sign of confidence at current prices.
Separately, Evernorth has disclosed holding more than 473 million coins in treasury as of December 31, 2025, according to a public S-4 filing. The company has said it plans to deploy that XRP into on-ledger protocol markets, the kind of activity a clearer regulatory setup would support.
Derivatives data backs up the idea that positioning is leaning long. The overall 24-hour long/short ratio sits at 0.9402. Looking at individual exchanges, the Binance XRP/USDT long-short account ratio is 2.876, and OKX shows 3.65.
Among Binance's top traders specifically, the account ratio is 3.4248, and the position ratio is 1.8788, suggesting bigger players are also leaning long. Open interest across the market is holding near $2.48 billion.
Liquidation data adds more context on how leveraged traders are getting caught out. In the past hour, $212.89 in long positions were liquidated with no shorts wiped out.
Over 4 hours, total liquidations reached $183.90K, split between $96.38K in longs and $87.53K in shorts.
Over 12 hours, liquidations climbed to $1.11 million, with longs taking the bigger hit at $795.48K against $312.69K in shorts.
Across the full 24-hour window, total liquidations reached $2.46 million, with $1.94 million from long positions and $513.62K from shorts, a sign that traders betting on higher prices have been getting squeezed more often than those betting on a drop.
Chart watchers are focused on a familiar band right now.
Level Type
Price Zone
Immediate Support
$1.00 – $1.02
Key Resistance
$1.06 – $1.10
Next Resistance
$1.18
Upside Target (if $1.06 clears)
$1.35, then $1.64
Downside Target (if $1.00 breaks)
$0.85 – $0.90
Deeper Downside
$0.75 – $0.82
On the daily XRP/USDT chart, price is trading below the 20, 50, 100, and 200-day EMAs, which points to a bearish structure for now. The chart stays tilted to the downside until XRP can reclaim the $1.10 to $1.18 zone.
There's also a longer-term signal worth noting. The Tom DeMark Sequential indicator flashed a buy signal on XRP's monthly chart.
That same setup has appeared before big moves in the past, including a rally after an April 2020 signal and another after an August 2022 signal, though it also preceded a decline following an April 2025 sell signal.
Past signals don't guarantee a repeat, but they're part of why some traders are watching $1.06 so closely. On-chain activity shows close to 3 billion XRP has changed hands near that price, making it a level with real weight behind it.
If XRP holds the $1.00 support and manages to close above $1.10, a move toward $1.18, and potentially $1.30, becomes more realistic.
If the token instead loses the $1.00 level on a daily close, the setup turns more bearish, with $0.90 and possibly $0.82 coming into view.
For now, XRP sits in a holding pattern. The next real catalyst may not come from the charts at all, but from Washington, when the Senate returns in September.
None of this is a guarantee either way. Crypto markets move fast, and regulatory timelines have a habit of slipping further than expected.
DisclaimerThis article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency prices are highly volatile, and past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making any investment decisions.
