XRP Flirts With Sub-$1 Territory as Clarity Act Fails in August: Is This the Ultimate Buying Zone?

A massive retreat is unfolding in the XRP market after the main fundamental driver of recent weeks — the U.S. Crypto CLARITY Act — was officially put on hold.

The U.S. Senate has gone into recess, postponing the final vote until September 2026. The reaction from capital was immediate, and XRP led the decline among market leaders, settling at $1.02.

While retail traders are getting rid of the asset, the emerging Washington deadlock is weighing on the price, forcing major players to assess whether an inevitable drop below $1 would be a catastrophe or an ideal buying opportunity.

Bollinger Bands narrow the room

TradingView chart data clearly maps out sellers’ targets as XRP attacks the $1 boundary. Right now, the decline has temporarily stalled exactly at the lower daily Bollinger Band — $1.0240.

The indicator’s bands have converged into an extremely narrow corridor, which historically signals that the market is preparing for a powerful price move. Due to local oversold conditions, a short technical rebound toward the middle band at $1.0831 or the upper band at $1.1423 is possible, but this would not reverse the broader downtrend.

If sellers finally push through the psychological $1.00 level, the next stop will be a test of the lower weekly band at $0.9572. In the worst-case scenario and a full-scale market capitulation, the true lower support boundary on the monthly timeframe would be around $0.6625.

Risks and opportunities for XRP investors

The token’s next move depends on two key factors that are currently shaping the behavior of major players:

• Bearish pressure: The freezing of U.S. institutional capital until mid-September and the loss of the key monthly middle line at $1.9605 open the door for a drop below the psychological $1.00 level.
• Bullish potential: Buyers’ firm defense of the daily support at $1.0240, the potential for a strong technical rebound due to the compression of the bands, and continued demand across the global payments network are preventing the asset from an immediate collapse.

In such an environment, short-term speculative capital will most likely continue avoiding XRP in the coming weeks. 

However, for large strategic investors, a price decline into the $0.90–$0.95 zone, or in the event of a panic sell-off toward the monthly target of $0.6625, may be seen not as the collapse of the project but as a rare window of opportunity to build a long-term position at a deep discount.