XRP slipped 2.2% in the last 24 hours to trade near $1.03, extending its weekly slide to 5.7%. The move came as Senate Majority Leader John Thune pushed consideration of the CLARITY Act to September, after the August recess, and Polymarket odds for passage in 2026 dropped to near 30%.
Senate delay dents hopes
Thune's decision means no vote until lawmakers return from recess, leaving crypto markets in limbo for weeks. The CLARITY Act, which would clarify how digital assets are classified, is seen as a potential tailwind for XRP and other tokens. With the vote now off the table for August, traders have trimmed bullish bets. Polymarket's 30% odds reflect a sharply reduced chance of passage this year.
Technical picture
XRP is sitting just above the psychological $1.00 support, with Fibonacci levels at $1.0125 and $0.9711 below. Resistance is heavy between $1.06 and $1.08. A break above $1.10–$1.15 could open a path toward $1.65, but a drop below $0.9711 risks a slide to $0.85. The Aroon Oscillator sits at -100, BBTrend at -1.36, and ADX at 11.2, pointing to weak trend strength and possible consolidation.
LiquidChain presale crosses $933K
In other news, LiquidChain's presale has raised $933,004.07, with $LIQUID tokens priced at $0.01487. The project is a Layer 3 infrastructure protocol designed to unify liquidity across Bitcoin, Ethereum, and Solana. The presale continues to attract attention as the broader market digests the Senate delay.
A speculative social media post claims XRP could hit $27 by October, but nothing in the current chart supports that.
