Key Points
- XRP hovers near $1 as Senate delays CLARITY Act vote, weakening short-term sentiment.
- Technical indicators show consolidation, with key support at $1 and resistance near $1.15.
XRP is trading around $1.03 as bearish positioning increases following the U.S. Senate’s decision to postpone the CLARITY Act vote until September.
Data from CoinGecko shows the token declined nearly 2% over the past 24 hours, fluctuating between $1.0153 and $1.039.
Market capitalization remains close to $64.7 billion, with daily trading volume near $1.4 billion and a circulating supply of 62.53 billion tokens.
Senate Majority Leader John Thune confirmed on August 7 that consideration of the CLARITY Act will resume after the legislative recess.
While the delay removes an immediate regulatory catalyst in the United States, Ripple has reportedly achieved compliance with MiCA and CASP requirements in Luxembourg.
Technical Levels and Market Indicators
At $1.03, XRP is hovering just above the psychological $1.00 level after retreating from highs above $2.50 in recent weeks.
Momentum indicators remain tilted downward, with the Aroon Oscillator at -100 and the Bull Bear Trend metric at -1.36.
However, shrinking negative histogram bars suggest that downward pressure may be easing compared to earlier selloffs.
On weekly timeframes, the Stochastic RSI sits in neutral territory between 42.6 and 44.7.
A sustained recovery would require a break above resistance between $1.10 and $1.15, while a drop below $1.00 could expose support near $0.92.
Spot trading activity is also being monitored, with analysts noting that volume needs to exceed $1.44 billion to confirm stronger upside continuation.
Recent data from CoinGlass shows over $3 million in daily inflows into spot XRP ETFs, bringing cumulative inflows to approximately $1.43 billion since their launch in November 2025.
Early-Stage Infrastructure Gains Attention
As large-cap assets such as XRP trade within established ranges, some capital is rotating toward smaller infrastructure-focused projects.
LiquidChain has introduced a Layer 3 protocol designed to integrate liquidity from Bitcoin (BTC), Ethereum (ETH), and Solana into a unified execution framework.
The system promotes unified liquidity access, single-step execution, verifiable settlement, and a deploy-once model for developers.
According to project disclosures, its ongoing presale has raised $933,004.07, with $LIQUID tokens currently priced at $0.01487.
Cross-chain infrastructure continues to represent an active area of development as market participants assess diversification strategies amid evolving regulatory timelines.
