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$XRP passed an important anniversary this week. Three years ago, on July 13, 2023, Judge Torres ruled the token was not a security in Ripple’s case against the SEC, a decision that still sets $XRP apart from most of the crypto market.
Analyst Zach Rector marked the date by pointing to what he calls the last realistic window to buy $XRP under a dollar.
Why $XRP Doesn’t Need the CLARITY Act, According to Rector
Rector argues $XRP already has something most tokens are still waiting on.
- The 2023 court ruling gave $XRP formal legal clarity as a non security asset, a status only Bitcoin shares at a similar level.
- The CLARITY Act, still pending in the Senate before the August 7 recess, matters for the broader industry, but Rector says $XRP doesn’t need it the way other tokens do.
- He frames the anniversary as proof the asset already cleared its biggest regulatory hurdle years ago.
The Technical Setup Behind the “Final Chance” Call
Cassie Trades’ wave count points to one more leg down before the correction ends, according to Rector. The path she’s tracking looks like this:
- A sharp move down toward roughly $0.93
- A relief bounce back near $1.00, which would flip into resistance
- A final leg down into the $0.87 zone, marking the end of a multi year correction
$XRP was trading around $1.10 as of July 13, sitting just above that projected path.
Looking Back at Past “Last Chance” Moments
Rector pointed to two earlier windows where $XRP touched levels it never returned to:
- March 13, 2020: $XRP traded near $0.10, a level it has not revisited since.
- June 2022: $XRP dropped to around $0.28 to $0.30 following the Terra Luna collapse, and never fell below $0.30 again, even during a retest in January 2023.