XRP is trading around $1.13, up about 2% over the past 24 hours, as a Senate deadline could determine whether the token secures regulatory clarity or loses its biggest legislative catalyst. The Clarity Act has 14 working days left to become law and must reach the Senate floor next week before the August recess, with ethics provisions still unresolved.
The Clarity Act Clock
The bill's path to passage is tight. With only 14 working days remaining, the Senate needs to bring the Clarity Act to the floor next week to beat the August recess. Ethics provisions remain a sticking point, and if lawmakers fail to resolve them in time, the legislation could stall. That would remove what many in the crypto space see as the most promising avenue for clear rules on digital assets.
For XRP, the stakes are high. The token has been caught in a legal gray area since the SEC sued Ripple in 2020. A favorable Senate outcome could provide the regulatory framework Ripple has long sought, potentially boosting investor confidence.
Price Levels to Watch
XRP has been consolidating between $1.08 and $1.15 over the past week, with the daily range narrowing to $1.12 to $1.16. Support sits near $1.05, while resistance is at $1.15 to $1.20. If Senate legislation advances or Ripple receives favorable legal news, XRP could break above $1.20, with the next resistance zone around $1.30 to $1.40.
On the downside, if legislation stalls or regulatory pressure increases, a break below $1.05 could send XRP toward $1.00, then $0.90 to $0.95. The consolidation pattern suggests traders are waiting for a catalyst.
Maxi Doge Presale Gains Momentum
Separately, the Maxi Doge presale is underway at $0.000283 per token and has raised $4.8 million. The project is an ERC-20 token that offers staking and uses a meme-first marketing approach. While not directly tied to XRP, the presale's traction highlights continued retail interest in speculative crypto assets even as regulatory debates grind on in Washington.
