XRP Price Outlook Ahead of August 3 Potential CLARITY Act Vote

XRP price rose 0.69% to $1.11 as regulatory optimism and broader market gains supported demand. The global crypto market climbed 1.45% to $2.23 trillion, while Bitcoin reclaimed $65,000. 

The Senate is now under review to pass the CLARITY Act by investors. A potential vote in the week of August 3 might influence the future trend of XRP in the short term and broader institutional trust in crypto markets within the global market.

Senate Unveils Unified CLARITY Act Draft Ahead of Possible August 3 Vote

A revised proposal was issued by senators, combining ideas of the Banking and Agriculture committees. This is the first document that comes with an ethics provision. A motion to commence formal consideration can be received on Monday or Tuesday. Senate leaders could then schedule a floor vote during the week of August 3.

The bill aims at providing more transparent oversight guidelines to digital assets and other participants of the market. The advancement would enhance regulatory consistency among exchanges, issuers and investors and institutions in the United States.

🚨NEW CLARITY ACT DRAFT MERGES COMMITTEES, ADDS ETHICS RULES!

A revised version of the Clarity Act has been released, combining the Senate Banking and Agriculture Committee texts and introducing an ethics provision for the first time, CoinDesk reports.

A motion to proceed is… pic.twitter.com/Vc3TNIHSQD

— Crypto Banter (@crypto_banter) July 27, 2026

XRP is also vulnerable to the legislative cycle since more transparent regulations can facilitate broader institutional involvement. Any delays or retracted agreements would undermine new ground.

Crypto Market Gains as Bitcoin Price Reclaims $65,000

The crypto market also improved as investors embraced regulatory developments and reduced tensions. Bitcoin price moved above $65,000 after its fourth consecutive weekly gain.

The United States and Iran paused attacks for a second day, pushing oil prices down 5%. Ethereum price ended at over $1,960 and XRP price at close to $1.10. The momentum indicators indicated a slight positive bias in assets.

Markets focused on the Federal Reserve’s July 29 decision. CME FedWatch assigned a 36.3% chance of a rate increase. The future action of XRP can be based on the Senate development, the stability of Bitcoin, and the information given by the Fed.

XRP Open Interest Reaches $2.43B as Derivatives Trading Accelerates

XRP derivatives market showed increased trading volume with a total volume of 18.32% increasing to $1.28 billion. Open interest grew by 0.68% to become 2.43 billion, with a slight rise in active futures positions.

Options trading posted the largest percentage gain, climbing 96.23% to $2.90 million. Options open interest also advanced 3.45% to $67.88 million during the reporting period.

Futures trading was still prevalent as the total open interest was much higher than the options market value. The figures indicated an increase in trading in XRP derivatives, but the volume increased at a rate higher than open interest.

XRP Price Prediction: Will a Break Above $1.12 Send XRP to $1.15?

The XRP price has soared to $1.11 following the support level of $1.09 defended by the buyers in the recent four-hour session.

The Relative Strength Index was close to 50.85 which indicated balanced momentum with no overbought. Meanwhile, the MACD histogram changed to positive after the MACD line crossed the signal line.

The XRP price was trading close to $1.107, and it was above the critical level of $1.10 as it rebounded following the July 25 fall. Price action is currently under direct pressure at $1.12 that declined on numerous recovery efforts.

A four-hour close higher than confirmed above $1.12 may kick off the move to the stronger $1.15 resistance area. The subsequent buying momentum can now focus on $1.16, to which the sellers just halted the last surge.

But the inability to hold onto $1.10 will leave XRP vulnerable to a fresh decline to $1.09 and 1.08. Further downward movement can put the area of support at $1.06 at the forefront.