Last Updated: July 6, 2026
XRP is trading at $1.1463, up 9.54% over the past week and firmly above the $1.10 level that separated late June’s near-$1.00 lows from the current recovery. The bounce comes amid continued volatility in CLARITY Act passage odds, which dropped to as low as 39% on Polymarket on July 1 after President Trump disclosed more than $1.4 billion in crypto-related income, before recovering to roughly 51% in recent trading.
Key Takeaways
- XRP trades at $1.1463, up 9.54% on the week, extending a recovery from a late-June low near $1.00
- CLARITY Act odds swung sharply this week — dropping to 39% on Polymarket on July 1 after Trump’s $1.4 billion crypto income disclosure, then recovering to roughly 51% in recent trading
- Standard Chartered cut its 12-month XRP price target from $8 to $2.80, citing ETF inflows that have nearly stalled after a strong $1.3 billion launch
- New XRP wallet creation hit a three-month high, and whale accumulation has strengthened alongside RLUSD stablecoin volume surpassing $2.5 billion on the XRP Ledger
- Since 2020, XRP has never closed the month of July in the red — a six-year seasonal pattern that has traders watching for a repeat
XRP Price News Today
XRP’s chart shows a clear recovery structure since bottoming near $1.00 in late June. The token broke above $1.07, pushed through $1.09, and now trades around $1.1463 — putting it at the level market watchers flagged as the line between a temporary bounce and a confirmed trend reversal. Every prior bounce during June’s correction failed below $1.10; a sustained close above it would mark the first higher structure XRP has printed in months. MA at $1.1048 and the 99-day MA at $1.0925, with price holding just below the shortest-term average after last week’s sharp rally.
Support and Resistance Levels
| Level | Price | Significance |
|---|---|---|
| Resistance 2 | $1.20 | Extended target if $1.16 breaks with follow-through |
| Resistance 1 | $1.16 | Level analysts flagged as confirmation of a trend change |
| Current Price | $1.1463 | — |
| Support 1 | $1.07 | First support from the recent breakout |
| Support 2 | $1.00 | Critical psychological floor; a break resets the recovery thesis |
CLARITY Act News Today
XRP’s recovery is unfolding against a volatile regulatory backdrop. Polymarket data showed CLARITY Act passage odds falling to as low as 39% on July 1 after Trump disclosed over $1.4 billion in crypto-related income — including more than $635 million from TRUMP meme coin licensing deals and additional sums tied to WLFI token sales and USD1 stablecoin activity. The disclosure intensified calls from Senator Elizabeth Warren and other Democrats for conflict-of-interest provisions; an earlier Senate Banking Committee amendment restricting the president and Congress members from crypto business participation had already failed. Odds have since recovered to roughly 51%, underscoring how sensitive the market remains to each new development.
The bill was not signed into law by its original July 4 target. With roughly three legislative weeks remaining before the August recess, passage odds have swung sharply in both directions in recent weeks — from as high as 73% in mid-May to as low as 39% earlier this month — reflecting unresolved disagreements over stablecoin yield rules, illicit finance provisions, and ethics requirements. A failure to pass before the recess risks pushing the bill into 2027 or later, particularly if control of Congress shifts after the midterm elections.
XRP ETF News Today
Institutional flows into XRP remain a point of divergence from the token’s on-chain strength. Standard Chartered, previously one of XRP’s most bullish institutional voices, cut its 12-month price target from $8 to $2.80, pointing to ETF inflows that have nearly stalled following a strong $1.3 billion launch. The bank’s revision signals that institutional capital has not yet confirmed the retail-driven price recovery of the past two weeks — a gap that is likely to remain a key swing factor heading into the CLARITY Act’s next legislative test.
Ripple News Today: On-Chain Signals Strengthen
Beneath the price action, XRP Ledger activity has picked up. New wallet creation hit a three-month high, and large-holder activity has strengthened as whales moved coins off exchanges — typically read as accumulation rather than a precursor to selling. Ripple’s RLUSD stablecoin has also quietly built more than $2.5 billion in settled volume on the XRP Ledger, adding a layer of real network utility that had been largely absent while price stayed range-bound through the spring. A TD Sequential monthly buy signal is also flashing on XRP alongside Bitcoin and Ethereum, an indicator some analysts read as a broader macro-reversal setup.
XRP Seasonality: A Six-Year Green July Streak
One detail shaping current expectations is XRP’s historical July performance. Since 2020, XRP has never closed the month of July in the red. Every instance of June weakness — including June 2026’s 22% decline — has been followed by either a relief bounce or the start of a broader trend reversal. The clearest example: June 2020 saw a 13.5% drop, followed by a 48% rally in July that ended a two-year downtrend. Six consecutive green Julys does not guarantee a seventh, but the pattern is a factor traders are actively weighing. For the latest developments across the wider market, see Crypto News Today.
What This Means for the Days Ahead
The next two weeks — from the current test of $1.10–$1.16 through whatever comes next on the CLARITY Act’s legislative calendar — are shaping up as a pivotal stretch for XRP. A confirmed hold above $1.16 would validate the recovery narrative built on improving on-chain metrics and seasonal strength, even as institutional flows lag. Failure to hold $1.07, on the other hand, would suggest the bounce was driven primarily by broader market conditions rather than XRP-specific strength, reopening the $1.00 test that dominated headlines just weeks ago. For context on the broader market backdrop shaping XRP’s moves, see Bitcoin News Today and Ethereum News Today.
Where to Buy XRP
XRP can be purchased on major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX. Investors focused on long-term holding often move XRP to self-custody wallets rather than leaving it on an exchange.
This article is for informational purposes only and does not constitute financial advice.
Frequently Asked Questions
What is the price of XRP today?
XRP is trading at $1.1463 as of July 6, 2026, up 9.54% over the past week after reclaiming the $1.10 level.
What are the odds the CLARITY Act passes in 2026?
Polymarket odds have swung sharply in recent weeks — falling to as low as 39% on July 1 after Trump’s $1.4 billion crypto income disclosure revived ethics concerns, before recovering to roughly 51% in subsequent trading. The figure remains highly sensitive to new developments ahead of the August recess.
Why did Standard Chartered cut its XRP price target?
Standard Chartered lowered its 12-month XRP target from $8 to $2.80, citing ETF inflows that have nearly stalled following a strong $1.3 billion launch, signaling that institutional capital has not yet confirmed XRP’s recent price recovery.
Has XRP ever had a red July?
Not since 2020. Every year since then, June weakness has been followed by a July relief bounce or the start of a broader trend reversal, including a 48% surge in July 2020 that ended a two-year downtrend.
What are the key XRP price levels to watch?
Resistance sits at $1.16, the level needed to confirm a trend change, followed by $1.20. Support sits at $1.07, then the critical $1.00 psychological level.
What is the key support level for XRP right now?
The $1.00 level remains the critical support floor. A close below it could expose a drop toward $0.80. Near-term, $1.10 is acting as the first line of support.
What is Standard Chartered’s XRP price target for 2026?
Standard Chartered cut its 2026 year-end XRP target from $8.00 to $2.80 after a sharp first-half selloff, while keeping its 2030 target unchanged at $28.00.
What is driving XRP’s on-chain strength right now?
New wallet creation recently hit a three-month high, whale accumulation has increased, and Ripple’s RLUSD stablecoin has surpassed $2.5 billion in settled volume on the XRP Ledger, even as institutional ETF flows remain muted.
Why did XRP drop today?
XRP is not down today — the token is trading higher, up 0.72% over 24 hours and 8.65% for the week. Earlier in the cycle, XRP fell to a 19-month low near $1.01 in late June amid a broader market selloff, but it has since recovered. On days when XRP does decline, moves are typically tied to profit-taking after rallies, broader Bitcoin price action, or shifts in CLARITY Act expectations rather than XRP-specific news.
