XRP Crashes Below $1 as Clarity Act Fails, Is This a Rare Buying Zone?

XRP has retreated to nearly $1 in price after a key driver of recent weeks, the US Crypto Clarity Act, was put on hold. The US Senate's recess until September 2026 led to an immediate decline, with XRP falling to $1.02.

Retail traders are selling off the asset, but major players see this as either a catastrophic drop or a rare buying opportunity. Bollinger Bands indicate that sellers' targets have narrowed to around $1, and a short-term rebound is possible before the broader downtrend continues.

If XRP drops below $1, the next stop will be at $0.9572 on the weekly timeframe. In a worst-case scenario, the true lower support boundary would be around $0.6625 on the monthly timeframe.