XRP’s $1.10 Floor Under Pressure as CLARITY Act Delay and $7.3M ETF Exodus Test Buyer Conviction

XRP holds near $1.11, down 41% YTD, as legislative delays and $7.29M ETF outflow sap momentum; support at $1.05 and resistance at $1.17 in focus.

XRP is locked in a tense standoff near $1.11, barely budging as the summer trading doldrums coincide with a fresh political setback. The token has shed roughly 41% since the start of the year and more than 53% over the past twelve months, leaving it 70% below the all-time high of $3.65 set in July 2025. A brief recovery from the 12-month low of $1.01 hit in late June has added about 10%, but momentum remains fragile.

The missing catalyst is a clear legislative timeline. The CLARITY Act, a US crypto market bill that many hoped would unlock institutional demand, missed a White House deadline on July 4. The Senate returns from its summer recess on July 13, but no concrete vote date has been set, and the next realistic window for action is not expected until early August. Market participants are left with little reason to jump in, and buying interest has evaporated in the meantime.

Institutionally, the mood is similarly cautious. Spot XRP ETFs suffered a net outflow of $7.29 million on July 8 — one of the heaviest single-day withdrawals this year, with Bitwise accounting for the entire sum. Total inflows for July so far amount to just $4.68 million, a fraction of previous months’ volumes. Open interest on the futures market has slipped to around $350.6 million, its lowest level in months, indicating that fresh capital is staying on the sidelines and sellers retain the upper hand. On the flip side, the exchange reserve for XRP has plunged from 3.76 billion to roughly 1.6 billion units over a few months — a seven-year low — while supply on Binance alone has hit a two-year trough. Large wallet accumulators have been buying into the weakness, suggesting that some long-term holders view the dip as a buying opportunity.

Technically, the chart is sending mixed signals. The recent push above $1.10 came on a volume spike of 43.5 million XRP units, roughly 88% above the 24-hour average, but the move lacked a clear fundamental trigger and is seen as mechanically driven. The Relative Strength Index sits at 47.2, neutral territory, while 30-day annualised volatility of 36.83% points to ongoing nervousness. Critically, the price remains below all three major moving averages: the 50-day at $1.18, the 100-day at $1.28, and the 200-day at $1.46 — the latter representing a 24% gap. Support is seen in the $1.05–$1.07 zone, and a breach there could open the door to the $1.00–$1.05 area, with a further slide toward $0.90 if that fails. Resistance levels line up at $1.17, $1.25, and $1.30.

While the market idles, Ripple is charging ahead with its own expansion. The RLUSD stablecoin now trades on OKX across more than 280 pairs, serves as collateral for Bitcoin options on Bullish, and has bridged via Wormhole to Ethereum layer-2 networks including Base, Optimism, Ink, and Unichain. Interestingly, 82% of RLUSD’s supply now resides on Ethereum rather than the XRP Ledger. Ripple has also secured a provisional CASP license under the EU’s MiCA framework in Luxembourg and a DFSA license in Dubai, where it opened a new regional headquarters. On the marketing front, a five-year sponsorship deal with the University of Kansas will see the Kansas Jayhawks wear XRP logos on their jerseys starting in fall 2026 — a first for major US college sports. The move has drawn mixed reactions from the XRP community, with some questioning the spending amid a weak price performance and others highlighting brand visibility and student funding.

Regulatory developments beyond the US are also in flux. The EU Commission is preparing a revision of MiCA that would tighten rules on non-European stablecoin issuers, though a formal proposal is not expected before 2027 and the industry comment period runs until the end of September. Meanwhile, SWIFT has activated a blockchain ledger for tokenised cross-border payments with 17 banks, including HSBC and Citi — a pilot that does not require XRP, although many of the participating institutions already maintain ties with Ripple. For now, XRP’s immediate fate hinges on whether the $1.00–$1.05 support zone can withstand the pressure from a stalled legislative calendar and thinning institutional appetite.