XRP Crashes to Monthly Low Amidst Clarity Act Delay and ETF Outflow

XRP's price has hit a monthly low of $1.04 on August 6, 2026, according to CoinMarketCap. The token has experienced a decline in value, sitting down about 1.65% in a day and 3.24% over seven days.

The Clarity Act, a comprehensive US crypto market-structure legislation, is still pending Senate approval. With only two session days left before recess, the delay is feeding caution across the wider market. Senator Elizabeth Warren has expressed concerns about corruption and consumer protection gaps that need addressing first.

Spot XRP ETFs saw a net outflow of $3.58 million on August 5, led by Bitwise's fund shedding $3.58 million that day. This outflow is small compared to the cumulative inflow of $1.51 billion across all spot ETFs, with total net assets near $993.38 million.