XRP Pins at $1 as Senate CLARITY Act Delay Pushes September Showdown

XRP is holding tightly around the $1 psychological level, trading between $1.009 and $1.01 after the Senate failed to vote on the CLARITY Act before the August recess. The token has defended this floor by a narrow margin despite a sharp 72% drawdown from its July 2025 record high of $3.65 and recent declines of 2.9% over the past week and 8.7% over the past month. Traders view the $1.00–$1.01 zone as critical support, noting that XRP has not closed below $1 on any day in 2026.

The CLARITY Act’s delay stems from Senate Majority Leader John Thune confirming no floor vote before recess, shifting the earliest procedural action to mid-September. The bill would classify XRP as a digital commodity under CFTC oversight rather than the SEC, reducing compliance burdens. Meanwhile, the CFTC is advancing its own rules independently, with its first Innovation Advisory meeting scheduled for August 20 and existing joint SEC–CFTC classifications from March already treating XRP as a digital commodity.

Near-term resistance lies at $1.18–$1.20 near the 50-day moving average, while analysts highlight the CLARITY Act as the primary catalyst that could break XRP out of its current range-bound state. Without a clear legislative breakthrough, price action remains vulnerable to any confirmed daily close below $1.