XRP Price is under pressure this week as traders wait on a key piece of U.S. crypto legislation. According to the latest XRP news today, the token slipped 1.26% to trade near $1.09, as broade
XRP Price is under pressure this week as traders wait on a key piece of U.S. crypto legislation.
According to the latest XRP news today, the token slipped 1.26% to trade near $1.09, as broader market caution and regulatory delays weigh on demand.
Bitcoin also fell 1.82% in the same period. Rising Treasury yields and geopolitical risk pushed investors toward safer assets, dragging the wider crypto market down 1.21% to $2.19 trillion.
For anyone tracking XRP latest news, the next move may come down to one number: $1.08.
The altcoin is trading above $1.09 as buyers try to defend the $1.08 zone. The level has held so far, but the 4-hour chart still shows warning signs.
Price remains stuck below the moving-average cluster near $1.11 to $1.12. RSI sits near 38, below its signal line at 43, showing weak momentum even after the bounce from support.
On the daily chart, the altcoin is compressing into an apex as July winds down. Price has pulled back to ascending support, with the 50 EMA sitting overhead near $1.14 as the main resistance.
This kind of setup is common in the XRPL price history before a sharp move in either direction.
There are two clear paths from here, based on the current Ripple price prediction models traders are watching.
If $1.08 holds and buyers reclaim $1.11 to $1.12, the price could push back toward $1.145, then $1.20, and eventually the $1.29 to $1.30 resistance zone.
If $1.08 breaks decisively, $0.91 becomes the first downside target. The deeper macro support sits at $0.86, which would mark roughly a 21% drop from current levels.
Scenario
Key Level
Next Target
Bullish reclaim
Above $1.11–$1.12
$1.145 → $1.20 → $1.29–$1.30
Bearish breakdown
Below $1.08
$0.91 → $0.86
On the shorter 4-hour view, the price recently broke below a rising channel after failing to hold the $1.14 resistance and the 100 EMA. That drop pushed price under $1.12 and $1.10, weakening the short-term structure further.
RSI here reads 45.95, a neutral zone, while price trades below the 20, 50, 100, and 200 EMAs.
A confirmed break under $1.08 could open the door to $1.06, then $1.04, a level that offered support in late June. This remains the core scenario in most XRP price forecast updates this week.
What Is the Clarity Act and How Does It Affect XRP?The Clarity Act news remains the biggest policy trigger traders are watching. The bipartisan bill would split digital asset oversight between the SEC and CFTC, something supporters say could bring clearer rules and more institutional money into crypto, including $XRP.
Senate Majority Leader John Thune said a final vote before the summer recess looks unlikely, though he still hopes debate can start before lawmakers leave Washington. Senator Cynthia Lummis released an updated draft with customer asset protections, but disputes over ethics rules and stablecoin incentives remain unresolved.
Galaxy Research head Alex Thorn cut his odds of the bill passing in 2026 to 30%, down from 60%, citing a shrinking legislative calendar. Until there is a fresh Clarity Act update, the price stays exposed to regulatory uncertainty.
Right now, there is no confirmed date. Thune's comments suggest debate may begin before recess, but a final Senate vote looks more likely to slip into later in the year. Traders searching for XRP clarity on the news should expect more delays before a resolution.
Why Did XRP Open Interest Drop?$XRP derivatives activity cooled off alongside the price pullback. Trading volume dropped 9.9% to $1.73 billion, while open interest fell 2.56% to $2.40 billion.
The combined decline suggests traders closed out positions rather than opening new speculative bets. Fewer contracts changed hands, and fewer positions remained outstanding, a sign of reduced risk appetite in leveraged $XRP markets.
The price needs to reclaim $1.10 and then clear $1.14 to open a run at $1.20. Until then, $1.08 remains the line between another recovery attempt and a deeper liquidity sweep toward $0.86.
Traders following XRP news should watch three things closely: Senate movement on the Clarity Act, Treasury yield trends, and Bitcoin's direction. Any of these could shift the $XRP price prediction picture in the days ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and prices can rise or fall sharply within short periods. Always do your own research and consult a licensed financial advisor before making any investment decisions.
