XRP Price Weakens as Crypto Market Awaits Clarity
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- XRP underperformed every top-10 crypto over seven days, falling 4.96% while Bitcoin rose 1.17% and Solana gained 3.64%, trading at $1.0282 with a roughly $64 billion market cap
- The Senate could not vote on the Digital Assets Market Clarity Act before the August recess; Majority Leader John Thune filed cloture late last week, locking a procedural vote for September 15
- The Clarity Act needs 60 votes to clear the filibuster, and with Democrats withholding support, analysts call its 2026 passage a long shot — a sharp reversal from late July when Trump reportedly agreeing to the stalled ethics provision pushed Polymarket odds from 32% to 43%
- XRP remains trapped in a death cross, with its 50-day EMA below the 200-day EMA; the Relative Strength Index sits at 38.2 and the Squeeze Momentum Indicator is off, with no volatility coil loading for an upward move
- A daily close above the EMA cloud would require XRP to spike more than 8%; losing the $1.0128 swing low would open a measured move toward the lower-$0.90s, per the article's bear case
Why it matters: XRP trades as a direct proxy for the Clarity Act's legislative odds, and those odds have visibly collapsed — from 43% in late July to roughly 21% now per the article's framing — while the technical picture (death cross, ADX at 14.6, bearish squeeze momentum) confirms the unwind. Institutional demand for XRP, which the bill would unlock by formally classifying it as a digital commodity, stays frozen until at least the September 15 procedural vote and likely well beyond, given the 60-vote filibuster threshold and Democratic resistance.
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