Crypto
Senate Postpones Clarity Act Vote, XRP Price Tumbles
The US Senate has delayed action on the Clarity Act, leaving the cryptocurrency XRP in limbo. The news caused XRP's price to dip to $1.02 as of August 7, 2026.
The Clarity Act aimed to provide regulatory clarity for stablecoins and other cryptocurrencies. Its delay means that traders will have to wait longer for any legislative tailwinds.
A technical analysis of the 4-hour chart shows XRP trading inside its Bollinger Bands near the lower support at $1.01, with the EMA50 resistance at $1.06 and EMA200 at $1.08 capping upside. The MACD death cross and RSI also indicate neutral-to-bearish momentum.