# XRP Price Drops as CLARITY Act Vote Delayed Senate's delay of the CLARITY Act impacts XRP price. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-08-07 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/0a1dd731-3ae0-4426-877a-8b66c364d4a8 ## XRP Price Decline Ripple's XRP token has dropped 2.2% in the last 24 hours, trading around $1.03. While major cryptocurrencies like Bitcoin remained stable, XRP lost value due to the disappearance of a key legislative catalyst. Senate Majority Leader John Thune postponed the vote on the CLARITY Act until after the August recess. This unexpected delay has cooled short-term demand. ## Impact of the CLARITY Act The delay of the CLARITY Act to September means the loss of a significant catalyst for XRP. This has led market participants to focus on technical support levels. According to Polymarket data, the probability of the act passing in 2026 has dropped to 30%. This uncertainty could lead to further pressure on XRP in the short term. ## Technical Indicators XRP is trading at $1.03, down 5.7% over the past 7 days. The 24-hour trading volume is around $1.44 billion. While the market cap remains at $64.2 billion, momentum indicators point to a downward trend. The Aroon Oscillator is at -100, indicating that price action is dominated by recent lows. ## Support and Resistance Levels The psychological support level for XRP is set at $1.00. Secondary Fibonacci supports are at $1.0125 and $0.9711. Resistance levels are concentrated between $1.06 and $1.08. The price remaining at these levels indicates market uncertainty. ## Investors Seeking Alternatives The delay of the CLARITY Act is driving investors towards alternative projects. Early-stage projects like LiquidChain are attracting attention with their high return potential. LiquidChain aims to unify major blockchains like Bitcoin, Ethereum, and Solana. The project's presale has already raised $933,004.07. ## Potential of LiquidChain LiquidChain aims to solve liquidity issues by unifying three major blockchains into a single network. Developers can access all ecosystems in one step. LIQUID tokens are priced at $0.01487 in the presale. While such early-stage projects carry high risk, they also offer high return potential. ## Market Uncertainty XRP's stagnation within technical channel limits indicates market uncertainty. A drop below $0.9711 could invalidate key support levels, risking a slide towards $0.85. Investors should remain cautious in this uncertain environment. ## Conclusion and Outlook The delay of the CLARITY Act has negatively impacted XRP's price. Market participants are focusing on technical support levels while showing increased interest in alternative projects. Projects like LiquidChain attract attention with their high return potential but should not be forgotten to carry high risk. The legislative process in September will be critical for XRP's future. ## Sources covering this story - https://cryptonews.com/news/xrp-price-falls-clarity-act-delayed/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._