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XRP nears $1 as U.S. Senate delays CLARITY Act vote amid rising macroeconomic pressures.

Market News
07 Aug 2026
Tokenpost
View Source
Bearish
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XRP's price is testing the critical $1 support level after the U.S. Senate postponed the vote on the CLARITY Act, which was expected to provide clearer regulatory guidelines benefiting digital assets like XRP. This delay, combined with a stronger U.S. dollar and rising Treasury yields, has increased selling pressure and weakened risk appetite in the crypto market. Despite positive ecosystem developments such as EU regulatory approval and reduced exchange-held XRP supply, traders remain cautious, focusing on near-term demand and awaiting the rescheduled Senate vote in September for clearer regulatory direction. XRP faces potential further downside if it decisively breaks below $1, with the next support around $0.90.

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