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Reading: XRP finds strong support at $1 after touching $1.04 twice in recent weeks
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COINTURK NEWS > Ripple (XRP) > XRP finds strong support at $1 after touching $1.04 twice in recent weeks
Ripple (XRP)

XRP finds strong support at $1 after touching $1.04 twice in recent weeks

In Brief

  • 🚨 XRP shows strong support at $1 after hitting $1.04 twice this month.

  • 📉 Regulatory clarity from last year’s court ruling helped $XRP recover confidence.

  • 📈 US Senate mulls CLARITY Act, which could boost XRP investor optimism.

  • 🕒 Ripple’s lawsuit ended in 2025, bringing renewed focus to the company’s crypto project.
Güvenç Koçkaya
Güvenç Koçkaya 47 minutes ago
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Ripple’s XRP token continues to reflect the general market downturn, but the cryptocurrency has shown firm support just above the $1 level. Market data from CoinGecko recorded XRP dipping to $1.04 twice over the last month, first on July 1 and again on August 6. This recent pattern indicates that the asset’s current price zone could represent a potential bottom.

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Contents
XRP’s price outlook after SEC lawsuit resolutionPotential impact of new regulation and ETFsMarket trajectory and outlook

XRP’s price outlook after SEC lawsuit resolution

XRP faced extended pressure over recent years due to a lawsuit initiated by the US Securities and Exchange Commission (SEC) against Ripple. The SEC, which regulates securities markets in the United States, accused Ripple of conducting unregistered securities sales when it launched the XRP token. The case began in December 2020 and created long-term uncertainty for the asset.

In 2025, a US court clarified the distinction between retail and institutional sales, concluding that offers to retail customers were not considered securities while institutional sales fell under securities regulations. This landmark ruling delivered significant regulatory clarity for XRP and played a key role in restoring market confidence.

XRP reached a new all-time high of $3.65 in July 2025 after gaining clarity from the court decision on its regulatory status.

This court decision marked a turning point for Ripple, a fintech company best known for its digital payment protocol and the XRP cryptocurrency. The outcome helped the asset stabilize and led to renewed interest among both retail and institutional traders.

Mini dictionary: Ripple, a US-based fintech firm, developed the XRP Ledger and its associated digital asset XRP, aiming to enable fast, low-cost international payments for financial institutions.

Potential impact of new regulation and ETFs

Investors are closely watching the US Senate as it considers a vote on the CLARITY Act, a proposed bill designed to provide additional regulatory guidelines and enhance investor protection within the cryptocurrency industry. If passed, the legislation could create a more transparent environment for digital assets and potentially boost confidence among both retail and institutional participants.

Analysts have suggested that passing the CLARITY Act may result in a renewed price surge for XRP, especially if sentiment shifts across the broader crypto sector.

An increase in investor confidence tied to regulatory clarity could support a further uptick in XRP’s price.

In addition to regulatory developments, the launch and performance of spot exchange-traded funds (ETFs) based on XRP have become important factors. A series of XRP-focused ETFs began trading late last year, and market observers consider strong ETF inflows a bullish indicator. When inflows grow and the overall crypto market shows strength, XRP is likely to target a new annual high.

EventDatePrice
XRP hits recent lowJuly 1, 2026$1.04
XRP hits recent lowAugust 6, 2026$1.04
XRP all-time highJuly 2025$3.65

Market trajectory and outlook

Despite positive developments, some analysts believe XRP will not surpass its all-time high in the near term. Projections for the next major Bitcoin cycle suggest that BTC could reach its peak in 2029, with altcoins such as XRP likely to follow a comparable trend during that period.

For now, XRP appears to have established a solid support base close to $1. If bullish momentum is reinforced by new legislation and strong ETF inflows, the asset could attempt substantial gains, seeking to challenge previous yearly highs.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Güvenç Koçkaya 8 August, 2026 - 2:42 pm 8 August, 2026 - 2:42 pm
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Güvenç Koçkaya
By Güvenç Koçkaya
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The author, a medical doctor and health economist, produces content on cryptocurrency markets, blockchain technologies, digital assets, and global finance.As a cryptocurrency writer and investor, he closely follows Bitcoin, altcoins, market trends, macroeconomic developments, token economies, and innovations in the digital asset ecosystem. By combining perspectives from health economics and financial analysis, he evaluates developments in cryptocurrency markets using a clear and data-driven approach.
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