XRP Holds Near $1 as US Clarity Act Looms, XRPL Activity Surges

XRP is trading in a tight range just above the $1 mark, underscoring how regulatory uncertainty in the U.S. continues to cap risk appetite—even as activity across the XRP Ledger (XRPL) accelerates. The disconnect between price action and on-chain development is becoming one of the market’s more closely watched divergences heading into a potentially pivotal stretch in Washington.

As of July 11, 2026 at 2:00 p.m. UTC, XRP was changing hands at $1.0950, according to CoinMarketCap data. The token remains sharply off its July 2025 cycle peak of $3.65—down roughly 70%—after a prolonged drawdown that has coincided with a broader selloff across digital assets.

Trading activity has also cooled. XRP’s 24-hour volume was about $741.78 million, down 24.46% from the prior day, while its market capitalization stood near $68.4 billion, keeping it around sixth place among the largest cryptoassets. Over the past 30 days XRP is down 4.27%, and its 60-day performance shows a steeper 25.05% decline—signals that the medium-term trend remains tilted bearish. The seven-day return of -3.66% suggests limited near-term momentum.

Some analysts have pointed to weakening network indicators as an additional headwind. Market data firm DMarket Forces said XRP has faced downside pressure around the $1.11 area alongside selling across the broader crypto market. Separately, 24/7 Wall St. reported that active addresses on the XRP Ledger fell to 25,350, marking the network’s second-lowest reading so far in 2026.

Technically, traders continue to focus on the $1.10 zone as a key support area, with demand concentrated between roughly $1.10 and $1.20, according to Coinpedia’s market commentary. On the upside, that analysis cited $1.70 as an initial resistance level, with a more extended move potentially targeting $2.80—though such paths typically assume an improving regulatory backdrop and a recovery in market sentiment. Since closing 2025 near $1.90, XRP has struggled to regain traction amid a weaker digital-asset tape in 2026.

The dominant macro catalyst for XRP is now legislative rather than technical: the proposed Digital Asset Market Clarity Act, widely referred to as the ‘CLARITY Act.’ Crypto-focused outlets tracking Capitol Hill activity have reported that a draft may be released during the week of July 13 (ET), with an ambitious goal of a House floor vote during the week of July 20 (ET).

If adopted, the bill could strengthen the case for classifying certain tokens as ‘digital commodities’ under the remit of the Commodity Futures Trading Commission (CFTC), potentially narrowing the scope of the Securities and Exchange Commission’s (SEC) jurisdiction. For Ripple and XRP holders, that would represent a meaningful step toward codified rules after years of uncertainty—even following key courtroom milestones. A U.S. court ruled in 2023 that programmatic sales of XRP on exchanges did not constitute securities transactions, and the SEC’s broader dispute with Ripple concluded in a 2025 settlement. Still, market participants say the absence of clear statutory definitions has left the asset’s U.S. posture exposed to shifting interpretations.

Ripple, meanwhile, has pursued a parallel track overseas. The company has secured a full license under the European Union’s Markets in Crypto-Assets framework, or ‘MiCA,’ positioning it to operate under a harmonized regulatory regime across the bloc—an advantage investors increasingly weigh as the U.S. policy debate continues.

While XRP’s spot price has stagnated, the XRPL ecosystem has posted rapid growth in ‘real-world asset’ (RWA) tokenization—blockchain representations of traditional financial instruments such as bonds and money-market exposures. According to figures cited by Crypto.news, the value of RWAs tokenized on XRPL rose from about $991 million in early 2026 to approximately $3.5 billion by mid-2026, a roughly 3.5x increase in six months.

Institutional pilots have helped drive that narrative. In May 2026, JPMorgan, Mastercard, Ondo Finance, and Ripple reportedly completed a cross-border tokenized U.S. Treasury redemption transaction on XRPL in under five seconds—an outcome proponents say highlights blockchain-based settlement as a viable complement to legacy rails. Usage metrics have also moved higher: daily transactions on XRPL surpassed 3 million on March 15, 2026, roughly triple mid-2025 averages, according to reported network data.

The central question for markets is whether that operational growth can translate into sustained demand for XRP, the network’s native asset, amid a still-fragile trading environment. XRP’s circulating supply is about 62.47 billion tokens, with a maximum supply of 100 billion, implying a fully diluted valuation near $109.5 billion at current prices.

Over the next two weeks, traders and institutions are likely to treat U.S. legislative momentum as the primary swing factor. A clearer regulatory classification via the ‘CLARITY Act,’ combined with rising institutional participation on XRPL and a broader turn back toward risk-on positioning in crypto markets, could provide the narrative support for a more material rebound. Conversely, delays in Washington or renewed volatility in global markets could keep pressure on the widely watched $1.10 support area, setting up a critical test for XRP’s near-term direction.