XRP hovers around $1 as EU license clears Ripple but US CLARITY Act stalls

XRP traded near $1.07‑$1.12 in early July 2026, repeatedly meeting resistance around $1.07‑$1.09 and a stronger barrier near $1.18. Technical analysis notes a bearish Supertrend at $1.09, a descending trendline from May, and a large pool of holders who bought above the current price, limiting upside.

The European Union granted Ripple a provisional Crypto Asset Service Provider (CASP) licence in Luxembourg under the MiCA framework, allowing the company to offer regulated crypto services across the EEA. The licence covers Ripple’s payment infrastructure and stablecoin, not the XRP token itself, and remains subject to further conditions before full passporting.

In the United States, the CLARITY Act, which would classify XRP as a digital good, missed its July deadline, fueling market uncertainty. Standard Chartered cut its price target for XRP from $8 to $2.80, while analyst polls estimate a roughly 42% chance of the Act’s passage.

Despite price weakness, XRP exchange‑traded funds recorded eight weeks of net inflows, totalling about $1.5 billion, though daily inflows represent less than 2 % of spot trading volume and cannot offset selling pressure. The overall sentiment is cautious, with the token’s price holding the psychological $1 level but facing significant technical and regulatory headwinds.