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XRP falls near $1.03 amid selling pressure and delayed US regulatory clarity.

Market News
07 Aug 2026
Crypto news
View Source
Bearish
XRP falls near $1.03 amid selling pressure and delayed US regulatory clarity.

XRP traded near $1.03 on August 7, down about 2.2%, pressured by selling across major exchanges and weak buying demand. The U.S. Senate delayed the CLARITY Act, a key regulatory bill affecting XRP's legal status, pushing its consideration to September and removing a near-term catalyst. Technical indicators show XRP struggling to hold $1 support, with bearish momentum persisting but less intense than before. Upcoming U.S. employment and inflation data could influence XRP's price direction before the Senate returns, making $1 a critical level to watch for potential stabilization or further decline.

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