XRP Prices Plummet After Clarity Act Failure

The Digital Asset Market Clarity Act, which aimed to categorize XRP as a commodity under federal law, failed on its Senate procedural vote on September 15, 2026. The bill's collapse led to a sharp decline in XRP prices, with the cryptocurrency closing at 7.98% lower. Analysts had set their targets based on the assumption that the bill would pass.

ChatGPT ran the numbers and projected a 90-day range for XRP between $0.90 and $1.65, with a central estimate of $1.20. The model identifies the key near-term battleground as the $1.20 to $1.23 range, where initial weakness or consolidation may be followed by a recovery attempt.

Ripple's Chief Legal Officer Stuart Alderoty stated that 'Ripple and XRP stand on settled ground' after five years of court battles with the SEC. The company reached a digital commodity classification in March 2026, which stands until a future Commission moves to change it.