XRP Price Weakens as Crypto Market Awaits Clarity
XRP underperformed the broader crypto market as optimism faded around the Digital Assets Market Clarity Act, which would likely classify XRP as a digital commodity and reduce regulatory uncertainty in the U.S. The Senate missed its chance to vote before the August recess, and passage now faces a difficult path in September, with 2026 odds seen as low. Price action reflects that cooling narrative: XRP was the weakest top-10 crypto over the past week and remains near $1.03, just above key support at $1.0128. The chart shows lower highs and lower lows, a failed July rally, and a bearish death cross. Momentum indicators are also weak: RSI is below neutral, ADX shows a trendless but bearish setup, and squeeze momentum is off. A bullish reversal would require a close above $1.0486 and then the EMA zone near $1.09-$1.11. If support breaks, a move into the low $0.90s becomes more likely.
