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XRP drops 2.2% near $1.03 as Senate delays CLARITY Act vote to September

Market News
07 Aug 2026
Blockonomi
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Bearish
XRP drops 2.2% near $1.03 as Senate delays CLARITY Act vote to September

XRP fell about 2.2% to trade near $1.03 amid broader market weakness and the U.S. Senate postponing the CLARITY Act vote to September, removing a near-term regulatory catalyst. Binance saw an 8% rise in XRP open interest while spot buying demand dropped over 52%, with whales responsible for 81% of XRP outflows on Binance. Grayscale's ETF rebalance included XRP alongside major tokens like Bitcoin and Ethereum, potentially signaling increased institutional interest. XRP remains near key support at $1, with analysts noting a bearish trend unless it breaks above $1.10 to $1.15 soon.

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