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In XRP news today, Ripple’s XRP is trading at $1.08 with a 24-hour range of $1.045 to $1.09 and a roughly $67Bn market cap, down nearly -4.5% over the past week.
It is caught simultaneously between a Senate that just shelved its primary regulatory catalyst and a Federal Reserve decision on July 29 where hike odds hit 38%, the highest reading of this cycle.
The token peaked near $3.40 in mid-2025 and has logged lower highs and lower lows ever since, a descending channel now reinforced by a confirmed death cross, an RSI sitting at 40.9, and an ADX of just 11.2 signaling near-total directional conviction has drained from the tape.
The open question the market must now resolve is whether a dovish Fed signal or a last-minute Senate floor vote materializes before August 7-because absent either, the technical structure points toward $1.0125 and then $0.9711.
CLARITY Act: What the Senate’s August Recess Deadline Actually Reveals About XRP’s Institutional Ceiling
ALERT🤯
Senate has put the CLARITY Act on hold for now,
prioritizing floor time for a Russia sanctions bill instead. With the August 8 recess approaching, the window for a vote before then is narrowing fast. pic.twitter.com/5slDLkKcn2
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 28, 2026
On July 28, the U.S. Senate shelved the CLARITY Act to focus on a Russia sanctions bill and a backlog of federal nominations, as CoinDesk reported.
With the Senate’s August recess starting around August 7, there’s little time for a vote, potentially delaying the bill until 2026 or 2027 due to the midterm election schedule.
The CLARITY Act is crucial for XRP as it would legally define its commodity status under CFTC jurisdiction, essential for institutional custodians and banks developing regulated products. Standard Chartered’s conditional $8 XRP news price target hinges on Senate approval and new ETF inflows.
The legislation, passed in the House as H.R. 3633 and by the Senate Banking Committee, requires a full vote of 60, needing 7 to 10 Democratic crossovers.
Despite a brief surge of optimism from a possible ethics provision resolution, recent movements suggest that the potential XRP gains may be misleading.
Fed Rate Decision: What the 38% Hike Probability Actually Reveals About the Macro Ceiling on XRP Recovery
In other XRP news, the July 29 FOMC meeting adds pressure to markets, with CME FedWatch showing hike odds at 38%, the highest this cycle, while the base case remains a hold at 3.50%–3.75% under Fed Chair Kevin Warsh. A hawkish hold could unsettle risk assets without rate changes.
Bitcoin, priced around $63,400–$64,500, remains well below June’s $80,000 highs, with altcoins like XRP absorbing much of the downturn. A hawkish tone in the Fed’s statement could worsen the current market conditions, particularly after the CLARITY Act delay.
If the statement is dovish and suggests September cuts, XRP might rise towards $1.10-$1.12. Conversely, a hawkish statement could push XRP down toward $1.01 or even $0.9711. Both scenarios are unresolved as of July 29, leaning bearish until proven otherwise.
XRP News: What the Death Cross and ADX 11.2 Actually Reveal About the $1.00 Floor Risk
$XRP is now at its most oversold levels ever.
– Down 72% from its ATH.
– It has hit a 2-year low near $1 last month.
– Monthly RSI is now more oversold than during the 2020 COVID crash.Do you think the bottom is in? pic.twitter.com/jOV8xbk3gr
— Ash Crypto (@AshCrypto) July 28, 2026
XRP’s technical outlook is distinctly bearish, as noted by Decrypt on July 29. The death cross has been confirmed with the 50-day EMA crossing below the 200-day EMA since XRP’s drop from its $3.65 all-time high.
The ADX at 11.2 indicates weak momentum, and XRP has been trendless for most of July, increasing the likelihood of false breakouts.
The composite technical score is at -63%, with the RSI at 40.9, suggesting bearish conditions but not yet at extreme oversold levels.
The bearish Fibonacci leg ranges from $1.1646 to $1.0450, with support levels at $1.0125 and $0.9711. A slight positive sign is the directional indicator rotating toward DI+, but a substantial change requires a macro catalyst.
