XRP Price Slumps 2% as CLARITY Act Vote Delayed

XRP price fell by 2% as the Senate pushed consideration of the CLARITY Act beyond its August recess, removing an expected near-term regulatory catalyst. The bill would provide statutory rules for determining when digital assets fall under SEC or CFTC oversight, but its delay leaves XRP's price move uncertain.

The token traded near $1.03 on August 7, with selling pressure persisting across major exchanges ahead of fresh U.S. labor data. Binance XRP open interest rose by roughly 8%, while perpetual cumulative volume delta moved deeper into negative territory.

Derivatives data shows traders leaning toward shorts, with estimated spot CVD falling more than 52% and whales accounting for 81% of Binance XRP outflows on August 3. The delay of the CLARITY Act vote removes an expected near-term regulatory catalyst, but its impact on XRP's price remains unclear.