XRP near $1.06 as CLARITY Act vote looms

The backdrop is still fragile. XRP has spent much of the past year moving lower, with the token falling from above $2 in late 2025 to around $1 by late July 2026. It remains below both its 50-day moving average of about $1.11 and its 200-day average near $1.36, a sign that the longer trend is still weak even after the recent stabilization. The relative strength index is in the low 40s, which points to a market that is neither overbought nor oversold, while the price has hovered near the lower end of its Bollinger Bands, reflecting compressed volatility rather than a confirmed breakout.

The case for bulls is that legislation can matter more than chart structure in crypto, especially for an asset whose investor base has long been constrained by regulatory uncertainty. If the CLARITY Act advances, it could improve the odds of deeper institutional participation, more predictable exchange access and broader product development around XRP. That is the kind of catalyst that can attract sidelined capital quickly in a market where narrative shifts often drive outsized moves.

The bear case is just as clear. The Senate stall on the bill shows that timing risk remains high, and a missed vote or watered-down framework would likely keep XRP trapped in a range dominated by speculation rather than adoption. The token’s history of momentum-driven rallies also means that any strength can fade fast if policy hopes are deferred. Security risks in the ecosystem, including a reported scam targeting investors in South Korea, add another layer of caution for institutions that care as much about operational risk as they do about legal status.

For investors, August is less about whether XRP can reclaim its old highs than whether it can prove that regulatory clarity is a real catalyst rather than a recurring rumor. A successful legislative step could improve sentiment and support a move toward the $1.11 area flagged by market models, but a failed vote would likely leave the token dependent on technical support and headline trading. In other words, the next major move in XRP is likely to be decided in Washington, not on the blockchain.