- XRP’s today price is near $1.07, down almost 8% over the past week, with $1 acting as key support.
- The Senate has shelved the Clarity Act, removing XRP’s strongest near-term regulatory catalyst.
- A confirmed death cross and RSI of 40.9 signal bearish momentum, though deep oversold levels could trigger a bounce.
- The Fed’s July 29 rate decision and the August 8 Senate recess are the two biggest catalysts to watch next.
XRP today price has flipped from cautious optimism to real pressure this week, and investors are now watching a key support zone as fresh political and economic headlines shake the wider crypto market.
XRP Today Price: Where Does It Stand Now
XRP is trading near $1.07 to $1.08 today, July 29, 2026, down nearly 8% over the past seven days. The daily RSI has slipped to 40.9, moving out of neutral territory and into bearish range. A death cross has been confirmed on the charts, a signal that often points to further downside pressure. XRP is sliding toward the $1 level, after failing three times to hold above $1.12 in the past two weeks.
Why XRP Price Is Moving Today
According to a report from Decrypt, the Senate formally shelved the Clarity Act on Monday to prioritize a Russia sanctions bill and federal nominations, removing XRP’s biggest near-term regulatory catalyst. Trading volume jumped 71% to $2.54 billion on Tuesday, a sign that sellers are acting with real conviction rather than light noise. The Federal Reserve’s rate decision lands today, July 29, with new Fed Chair Kevin Warsh widely expected to hold rates between 3.50% and 3.75%. A separate Benzinga report notes XRP’s monthly RSI is now more oversold than during the 2020 COVID crash, sitting 72% below its all-time high.
XRP Price Prediction For August 2026
XRP needs to reclaim $1.09 on a four-hour close to avoid a slide toward the $1 psychological level. If the Clarity Act misses the Senate’s August 8 recess deadline, analysts warn the bill’s momentum could stall until 2027 or later. Standard Chartered has set a conditional long-term target of $8 for XRP, but only if the bill passes, along with $4 billion to $8 billion in fresh ETF inflows. Deeply oversold conditions could spark a short-term bounce, though several analysts view that bounce as a selling opportunity rather than a full trend reversal.
Investors Also Ask
Is XRP a good buy today?
Oversold RSI readings suggest a possible bounce, but the confirmed death cross and stalled legislation keep near-term risk elevated.
Why did XRP drop today?
The Senate’s shelving of the Clarity Act removed XRP’s main regulatory catalyst, while a cautious Fed decision added extra pressure across crypto markets.
Will XRP reach $2 in 2026?
Most current price action points toward $1 support first, with higher targets like $8 tied directly to Clarity Act passage and major ETF inflows.
Analyst Perspective
XRP’s mood has shifted from neutral to defensive in just one week. The confirmed death cross, RSI near 41, and heavy volume on the sell side all point to real conviction behind the move down. Still, oversold extremes this deep have historically preceded short bounces, and open interest holding steady near $2.45 billion suggests traders are absorbing losses rather than fleeing.
The $1.09 level is the line in the sand: reclaiming it on a four-hour close could ease pressure, while a clean break below $1 opens room for a deeper slide. Long-term holders should watch the Clarity Act’s fate closely, since its outcome remains the single biggest lever for XRP’s next major move.
FAQ’S
What is the XRP price today?
XRP is trading near $1.07 to $1.08 as of July 29, 2026, down almost 8% over the past seven days. The daily RSI sits at 40.9, and a confirmed death cross points to short-term bearish momentum. Key support holds at $1.00, with resistance near $1.09 to $1.12.
Why did XRP price drop today?
XRP dropped mainly because the U.S. Senate shelved the Clarity Act on July 27, 2026, removing the token’s biggest near term regulatory catalyst. Selling volume jumped 71% to $2.54 billion, and the move coincided with a cautious Federal Reserve rate decision expected on July 29, 2026, with rates likely held between 3.50% and 3.75%.
Will XRP price go up or down next?
XRP faces a bearish setup in the short term, needing to reclaim $1.09 on a four-hour close to avoid testing the $1 support level. Deeply oversold RSI readings could trigger a short bounce, but analysts say a sustained rally likely depends on the Clarity Act passing before the Senate’s August 8, 2026, recess, alongside fresh ETF inflows.