XRP Price Plummets to $1.09 Amid Market Uncertainty

XRP's price has taken a significant hit, dropping to $1.09 after losing key support levels. This marks a new 15-week low for the cryptocurrency, which had been holding steady at around $1.28 just a week ago.

The largest XRP holders, or whales, have been accumulating tokens throughout 2026, with their share of circulating supply reaching a record high of 68.5% since May 2018. Despite this, the market remains uncertain, and many are watching for signs that the whales will step in to support the price.

Two key factors will determine whether XRP drops below $1: Bitcoin's price recovery and the passage of the CLARITY Act in the US Senate. If BTC can reclaim $60,000, it may help stabilize XRP's price, while a successful vote on the bill could provide a significant boost to the cryptocurrency's market value.

As the next few weeks are crucial for determining XRP's future direction, many investors are holding their breath in anticipation of the outcome. The CLARITY Act floor vote is set to take place before the August recess, and a successful passage would likely send XRP's price soaring.