XRP and Bitcoin Price Outlook as CLARITY Act Faces Crucial White House Review
Highlights
- XRP and Bitcoin Price weakness persists near crucial support levels.
- XRP ETFs added inflows and Bitcoin funds had large outflows.
- White House CLARITY Act review could influence near-term crypto sentiment.
XRP and Bitcoin price trends weakened as the crypto market fell 1.51% to $2.16 trillion within 24 hours.
Bitcoin price hovered near $63,000, while XRP traded around $1.06 as traders reduced exposure amid macroeconomic uncertainty.
Ethereum remained under pressure near $1,860 after July ended with renewed selling around resistance zones.
CLARITY Act Faces Crucial Weekend as Trump Reviews Ethics Proposal
The White House is expected to review a bipartisan ethics proposal for the CLARITY Act this weekend.
The reaction of President Trump may spell the difference between Senate leaders moving the bill to a cloture vote next week.
Lawmakers have only six days before leaving Washington for the summer recess, increasing pressure on negotiations.
The compromise would allow state attorneys general to challenge the Justice Department over unenforced federal ethics rules.
That provision concerns a Democratic issue and may rejuvenate the digital asset market structure bill which has been stalled.
🚨NEW: 🇺🇸 White House is expected to review the latest bipartisan ethics proposal for the CLARITY Act this weekend.
President Trump’s decision could determine whether the Senate moves to a key vote next week.
Senate has 6 days before leaving for summer recess. pic.twitter.com/Ku2Wag7mhK
— Crypto India (@CryptooIndia) August 1, 2026
But the movement will need 60 Senate votes, or at least seven Democrats to join the Republicans. The biggest challenge is still political divisions, even though there is consensus on more specific rules regarding digital asset markets.
A White House nod would relinquish the doorway to bipartisan backing prior to the Senate starting its August break.
The bill may impact the institutional involvement in tokenized assets, stablecoins, exchanges, and other regulated crypto products
The traders of prediction markets are still not optimistic of the chances of the legislation in the current congressional calendar.
Polymarket data places the CLARITY Act’s chance of becoming law in 2026 at 27%.
That likelihood has just dropped 38%, showing skepticism on whether disputes can be resolved by the time they go back on recess.
Bitcoin and XRP price might be volatile as traders evaluate regulatory developments and the overall economic risks.
XRP ETFs Extend Inflow Streak as Bitcoin ETFs Shed $265M
On July 31, XRP exchange-traded funds registered 7.69 million in net inflows daily, and cumulative inflows totaled 1.51 billion. The total trading value was 8.62 million and the net assets were 988.78 million. Bitwise contributed the highest inflows to XRP funds amounting to 7.12 million, and Franklin Templeton came in with 576 520.
In the meantime, spot Bitcoin ETFs recorded a combined net outflow of 265 million in the session. The IBIT of BlackRock reflected the withdrawals of $123 million. Spot Ethereum ETFs had net inflows of 9.03 million.
Spot Bitcoin ETFs Record $265 Million in Net Outflows on July 31
On July 31 (ET), spot Bitcoin ETFs recorded total net outflows of $265 million, led by BlackRock’s IBIT with $123 million in net outflows. Spot Ethereum ETFs recorded total net inflows of $9.0295 million, led by… pic.twitter.com/RxijlhmoGT
— Wu Blockchain (@WuBlockchain) August 1, 2026
BlackRock Ethereum products BlackRock Ethereum products Ethereum products posted a net loss of $15.38 million, led by Ethereum products. Figures were used to represent institutional demand which was mixed in products.
XRP and Bitcoin Price Outlook: Will CLARITY Act Review Trigger a Crypto Rebound?
XRP and Bitcoin price movements remained weak as traders assessed technical support levels and the CLARITY Act review. BTC price fell 1.97% to $63,069 during the past 24 hours, hovering near the crucial $63,000 support zone.
Holding this level may aid in consolidation before another recovery attempt towards $65,000. Increased buying pressure can push the rebound to $65,800 as per the future Bitcoin outlook. However, a clear break below $63,000 could expose Bitcoin to $62,800. The sustained selling pressure can then drive the price to $62,000.
XRP price declined 1.41% to $1.07 during the same period. The token continues to trade above a Fibonacci support level of between $1.04 and $1.05. The range would enable XRP to re-test $1.10. Failure can lead to a downturn to $1.00. Another market trigger that traders observe is the White House review of the CLARITY Act
Frequently Asked Questions (FAQs)
1. Why are XRP and Bitcoin prices declining?
2. Why is the CLARITY Act important for crypto prices?
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