XRP enters July around $1.04, down about 20% in June and dragged lower by a market-wide crypto selloff rather than any bad news of its own. Spot XRP ETFs just logged their first net outflow in weeks, and the CLARITY Act now looks set to miss its July 4 target — leaving the chart to decide the month.
XRP has slipped to around $1.04, its weakest level since late 2024, and the fall traces back to the broader market rather than anything wrong with Ripple. The token started June around $1.30 and slid almost the whole month, even as June brought mostly positive developments for the network. For a coin that traded around $3.65 in July 2025, it has been a long descent.
A market selloff, not an XRP problem
Over the past month XRP is down about 20%, but it is far from alone. Bitcoin fell roughly as much and slipped below $59K, while Ethereum, Solana, and BNB dropped too — a sign the selling is about the whole market rather than one coin.
Most of the downturn traces back to fear over interest rates and the Fed’s next move, and the crypto Fear and Greed Index has slid into Extreme Fear territory. Then, on June 29, a single wave of forced selling wiped out around $326 million in leveraged positions. Because XRP tends to fall more sharply than Bitcoin when the mood turns, a rough month for crypto hits it harder than most.
Bullish signals that aren’t moving the price
The spot XRP ETFs are the one bullish signal that directly creates demand, since they hold the token and must buy it on the open market. They have pulled in about $1.48 billion since launching, but that buying just cooled: on June 30 the funds saw their first net outflow in weeks as the second quarter closed.
Beyond the ETFs, the bigger Ripple news does even less. Yesterday Ripple joined Open USD, a dollar stablecoin backed by Visa, Mastercard, Stripe, BlackRock, and more than 140 other companies. But Open USD is not Ripple’s coin — it is run by an independent company and governed by its partners, with Ripple one name among them.
The CLARITY Act slips past July 4
The one development that could genuinely change XRP’s price is the CLARITY Act, which would permanently classify XRP as a commodity under U.S. law. However, it is about to miss the deadline the market had been watching. The White House had pointed to July 4 as a target to sign it, but the Senate left for holiday on June 29 and does not return until July 13, with a defense bill first in line — pushing the floor vote to late July or early August at the earliest.
Passage was never going to be easy. The bill needs 60 votes, so around seven Democrats have to cross the aisle, and talks broke down last week over an ethics provision aimed at President Trump’s own crypto holdings.
The levels that decide July
With no catalyst likely to force a move, the chart takes over. On the downside, XRP is held up by a band of support between $1 and $1.06 where roughly 830 million XRP last changed hands. A daily close below $1 leaves little to catch the price before around $0.80.
To turn higher, XRP has to reclaim the $1.18 to $1.20 zone, the top of the falling channel it has been stuck in. Holding it would signal the year-long downtrend could finally be breaking — though even a late CLARITY Act win would likely buy only a relief rally until the broader market steadies.
Source: 24/7 Wall St.
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