XRP Price Plunges to $1.02 as CLARITY Act Delay Sparks Market Uncertainty

The price of XRP has fallen to $1.02 following the postponement of the U.S. Crypto CLARITY Act, which was initially expected to pass in August but will now be voted on in September 2026.

This delay has led to a decline in the asset's value, with some investors selling off their holdings and others waiting for a potential buying opportunity.

The Bollinger Bands indicator is showing that the market is preparing for a powerful price move, with the bands having converged into an extremely narrow corridor.

While there is a possibility of a short-term technical rebound towards the middle band at $1.0831 or the upper band at $1.1423, this would not reverse the broader downtrend.