XRP trades at $1.41, down 50% over the twelve months to September 5, even though the coin now carries a joint SEC-CFTC commodity classification and has drawn billions into U.S. spot ETFs. Bitcoin has also fallen 28% over the same period as Treasury yields climb. Traders are now watching a September 15 Senate vote on the CLARITY Act that could turn XRP's regulatory status into permanent law.
XRP has dropped 50% over the twelve months to September 5, trading at $1.41, even as the coin secured the regulatory clarity it had been waiting on for years. The decline came despite the SEC and the CFTC jointly classifying XRP as a digital commodity on March 17, 2026, which ended the legal uncertainty that began with the SEC's 2020 lawsuit against Ripple.
XRP Fell Harder Than Bitcoin
XRP fell with the rest of the crypto market, but it fell harder. Bitcoin lost 28% over the same twelve months, trading at $79,657, while XRP's decline ran to 50%. The XRP price usually drops further than Bitcoin whenever BTC falls, and XRP remains an $88 billion coin even after the slide.
ETF Inflows and a Legal Win Weren't Enough
The drop came despite XRP holding two things that normally help a coin's price. Beyond the commodity classification, XRP has had U.S. spot ETFs since November 2025, and they have taken in $1.66 billion, including a record $110 million in the week to August 28. But the ruling and the ETF inflows together weren't enough to offset a falling market.
Bitcoin's decline, meanwhile, has tracked interest rates. The Fed has held rates at 3.50% to 3.75% since December 2025, and the 10-year Treasury yield reached 4.82% on September 4, its highest since January 2025. Savers can earn 4.8% on a government bond at that yield while Bitcoin pays nothing, so some investors have moved money out of Bitcoin as yields climbed.
A September 15 Vote Looms
The Senate's CLARITY Act vote on September 15 could turn XRP's commodity status into permanent law, a step beyond the March classification that has so far failed to lift the price.
Source: 24/7 Wall St. (via Yahoo Finance)
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