XRP is currently trading at $1.0282 with a market cap of approximately $64 billion, making it the weakest performer among the top 10 cryptocurrencies over the past week. The underperformance is attributed to the delayed passage of the Digital Assets Market Clarity Act in the U.S. Senate, which would formally classify XRP as a digital commodity and remove regulatory ambiguity. The Senate was unable to vote before the August recess, pushing a procedural vote to September 15. Analysts believe the bill's 2026 passage odds are low, contributing to the token's bearish trajectory, including a 'death cross' signal on its charts.