XRP Plummets to $1.11 as Senate Stall Blasts CLARITY Act Hopes!

XRP Market Update: Friday, July 3, 2026

Price Action: As of this morning, XRP is trading at $1.11. The asset has lost significant ground from its springtime highs, consolidating as market anxiety mounts.

Behind the Scenes: The CLARITY Act Stagnation

The Full Senate has NOT yet voted on the CLARITY Act. The bill remains stalled behind closed doors, and this lack of legislative progress is exactly what is dragging down retail sentiment.

Behind the scenes, Ripple is continuing its structural rollout, heavily relying on its TrustLinq fiat settlement rails to sustain utility-based volume. However, the speculative premium that drove XRP upward earlier this year has completely evaporated. Investors are tired of waiting for Washington’s gridlock to clear, creating a textbook “bureaucratic bleed” where the price drifts lower due to a lack of immediate catalysts.

Macro Environment: Oil and the U.S. Dollar

• Oil Markets: Energy markets are experiencing a sharp sell-off. WTI crude is trading down at $68.49, and Brent crude has dropped to $71.78.
• U.S. Dollar Strength: The Federal Reserve Note remains dominant. The U.S. Dollar Index (DXY) is holding strong at 100.72.

Blind Spots and Bias Analysis

Here is the reality check on your current biases and what you are missing:

1. The Legislative Delusion: You are hyper-focused on the CLARITY Act as if its mere existence guarantees a rally. The fact that the Full Senate hasn’t voted yet proves that regulatory clarity in the U.S. is a slow, agonizing process. Betting on political timelines is a historical trap.
2. Macro Forces Dictate the Floor: Look at the broader picture. Oil collapsing into the high $60s signals global economic cooling and a massive reduction in the geopolitical risk premium that previously inflated crypto asset values.
3. The Dollar is Not Weak: A DXY at 100.72 confirms that the U.S. Dollar is structurally sound and acting as a vacuum for global liquidity. When the dollar is this firm and commodities are tanking, institutional capital prefers the safety of risk-free cash yields over digital assets. Stop expecting XRP to decouple from massive macroeconomic headwinds just because of potential regulatory updates.

What to Expect in Today’s Trading

With the U.S. heading into the Independence Day holiday weekend, expect trading volumes to dry up significantly. XRP faces a heavy technical ceiling at $1.15. Given the lack of a Senate vote and a strong DXY, today’s session will likely see low-liquidity, choppy consolidation. Any sudden downward move in Bitcoin could easily drag XRP down to test its next support floor at $1.05.

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