XRP is closer to $1 than at any point since 2024, and the timing could not be more dramatic. This week, more than 200 crypto firms, Ripple among them, formally pushed the Senate to finally vote on the CLARITY Act. At almost the same moment, one of the most-watched research desks cut the odds of the bill passing this year. The token’s price and its biggest catalyst are heading for a collision, and the next two weeks may decide both.
XRP is trading near $1.11 on June 10, 2026, down about 5% in 24 hours and roughly 11% on the week (live XRP price on CoinGecko). The token briefly broke below $1.10 for the first time since 2024 before bouncing on elevated volume, and it is now down about 38% year-to-date. The psychologically critical $1.00 level is close enough that a normal weekly swing could test it.
The price is at a cycle extreme. So is the political fight that hangs over it.
The CLARITY Act fight just escalated
Here is the development that matters. A coalition of more than 200 crypto organizations, including Ripple and Coinbase, formally urged Senate leadership this week to bring the CLARITY Act to a floor vote. It is the industry’s most coordinated public push yet for the bill that would permanently classify XRP as a digital commodity and settle its regulatory status for good.
The countermove came almost immediately. Galaxy Digital’s research head cut his estimate of the bill passing in 2026 by 15 points, down to 60%, citing a shrinking legislative calendar and the unresolved ethics provisions that have blocked a floor vote for weeks. Some traders are circling June 15 to 18 as a potential window for movement, though nothing is scheduled.
This is the entire XRP story compressed into one week: the industry pushing as hard as it ever has for the catalyst, and the odds of getting it this year quietly slipping. For a token whose institutional thesis leans on that bill, both facts matter enormously.
The dip is being bought aggressively
Underneath the ugly chart, the buying response has been violent. When XRP fell to its four-month lows, dip buying surged roughly 610% as the price stabilized above $1.10. ETF inflows have continued, and coins keep leaving exchanges, the classic accumulation signature. A record derivatives funding spike that helped trigger the late-May slide has also unwound, clearing out the leveraged excess that made the drop so sharp.
In plain terms: the sellers forced a flush, and buyers showed up in size at the lows. That does not guarantee a bottom, but it shows real demand exists at these prices, concentrated right above the $1.10 line.
What the Chart Shows
The technical picture remains firmly bearish with extreme oversold readings. XRP trades far below its 50-day average near $1.38 and its 200-day near $1.62. The weekly RSI printed 23.45 on June 5, among its lowest readings of the cycle, and sits near 29 now.
The honest caveat: oversold has not been a reliable buy signal this year. The weekly RSI has lived below 35 for most of 2026 without stopping the downtrend. What oversold does mean is that when a real catalyst lands, the snap-back tends to be sharp, because so much pessimism is already priced in. Analysts also flag the risk side: a clean break below $1.10 opens a possible further slide of over 20% in the bearish scenario.
XRP/USD: Key Levels to Watch
On the downside, $1.10 is the line XRP just defended, and $1.00 is the level everyone is watching, both psychologically massive and close enough to reach on a bad week. A break below $1 would be a major sentiment event. On the upside, reclaiming $1.20 is the first step, then the 50-day average near $1.38 is the level that would signal a genuine trend change.
Bottom Line
XRP at $1.11 is a token priced for the worst at the exact moment its defining catalyst reaches a climax. The industry’s unprecedented Senate push and the 610% surge in dip buying say conviction is alive. Galaxy’s cut to 60% odds and the relentless chart say the market is right to be cautious.
The next two weeks are unusually binary. A CLARITY Act breakthrough into a deeply oversold, heavily accumulated market is the setup for a violent recovery. Another delay with $1.00 this close keeps the downside live. Watch $1.10 below, $1.20 above, and the Senate calendar more than the chart.
FAQ
What is the XRP price today?
XRP is trading near $1.11 on June 10, 2026, down about 5% in 24 hours and 38% year-to-date. It briefly broke below $1.10 for the first time since 2024 before bouncing on elevated volume.
Will XRP fall below $1?
It is a live risk. The $1.00 level is close enough that a typical weekly swing could test it, and analysts warn a clean break below $1.10 opens further downside. However, dip buying surged 610% at the recent lows, showing strong demand just above current prices.
What is happening with the CLARITY Act?
More than 200 crypto firms, including Ripple and Coinbase, formally urged the Senate this week to hold a floor vote. At the same time, Galaxy Digital cut its estimate of 2026 passage to 60%, citing the shrinking calendar and unresolved ethics provisions.
Why does the CLARITY Act matter for XRP?
It would permanently classify XRP as a digital commodity in US law, removing the long-standing regulatory cloud and potentially unlocking institutional capital. It is widely viewed as XRP’s single biggest pending catalyst.
What are the key XRP levels to watch?
Support is $1.10, the line just defended, with the psychological $1.00 below it. On the upside, reclaiming $1.20 is the first step, and the 50-day average near $1.38 would signal a real trend change.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
