XRP Plunges Below Two-Year Support Level Amid Demand Slump

XRP has broken below its two-year support level of $1 after falling 46% this year and 72% from its July 2025 peak of $3.65.

The decline is due to a drop in demand, with institutional money no longer flowing into the token and the Senate's failure to pass the CLARITY Act, which was stuck since June.

Exchange-held XRP has fallen to its lowest level in seven years, indicating that holders are not selling their coins, but rather holding on.

The Federal Reserve's next interest rate decision is scheduled for September 16, and a rate cut could potentially send money back into assets like XRP.