XRP Holds Near $1.03 as CLARITY Vote Delays

The pullback is also unfolding against a steep drop in demand from exchange-traded funds tied to XRP, with inflows down 79% since May, according to the news context. That suggests waning conviction from a broader investor base just as the market is looking for proof that U.S. digital-asset rules will move forward enough to support another leg higher.

Technical indicators also show a market still under strain. XRP’s RSI14 was 22.1 in the latest data point, which typically signals deeply oversold conditions, while the token was trading near the lower end of its Bollinger Band range and just above recent lows. The setup leaves room for a short squeeze if sellers are forced to cover into even a modest rebound, but it also underscores how fragile the current base looks.

The crypto backdrop remains mixed. Bitcoin and Ethereum have held up better, while XRP has lagged as regulatory uncertainty weighs more heavily on tokens seen as directly exposed to U.S. policy outcomes. That gap matters for traders because it keeps XRP vulnerable to relative underperformance unless Congress or regulators deliver a clearer path for the sector.

Ripple-related criticism has added to the pressure. Commentary from Ripple’s former chief engineer over the XRP Ledger’s expansion plan and warnings from a top validator have reinforced a bearish near-term narrative, even as the network’s tokenization push has lifted real-world asset value on the ledger to $4 billion.

For now, the key market question is whether $1 holds. If it does, XRP remains a candidate for a squeeze on any regulatory headline or broader crypto rebound; if it fails, the token could quickly lose the last psychologically important support level and force another wave of selling.