XRP is trading around $1.10 on the third anniversary of the landmark U.S. court ruling that declared it not a security, reigniting debate over whether this is the last chance to buy below $1. The July 2023 decision by Judge Analisa Torres in the Ripple vs. SEC case gave XRP a unique regulatory status that most cryptocurrencies still lack, and analysts say that advantage remains intact even as broader legislation like the CLARITY Act stalls in the Senate.
A legal edge that endures
Analyst Zach Rector argues that the 2023 ruling already resolved the bulk of XRP's legal uncertainty, making the CLARITY Act — which would codify when a crypto asset is a security — less critical for XRP than for other tokens. "XRP already crossed the biggest regulatory hurdle," Rector said, noting that the decision distinguishes XRP from almost every other major cryptocurrency. While the Senate could take up the bill before its August 7 recess, Rector believes XRP's existing court victory provides a more direct foundation for its market positioning.
Price path: one more dip before the breakout?
Rector, citing analyst Cassie Trades' wave count, sees a possible final shakeout before the correction ends. The projected path includes a drop toward $0.93, a bounce near $1.00 that turns into resistance, and a further decline to $0.87. That would mark what some call the "last sub-$1 buying zone." On July 13, XRP held near $1.10, at the upper end of that forecast range. Rector draws parallels to past bottoms: XRP fell to $0.10 in March 2020 and never revisited that level, and dropped to $0.28–$0.30 after the Terra-Luna collapse in June 2022, staying above $0.30 ever since.
Market takeaway
The anniversary underscores how XRP's legal clarity has set it apart from peers, and the current price debate is less about the token's value than about how much regulatory risk remains. Whether the predicted sub-$1 entry materializes depends on technical patterns that could diverge from reality, but the narrative itself shows the market is still pricing in XRP's unique legal standing three years after the ruling.