Some of the links on this site may be affiliate links. ICOBench may receive advertising commissions when users visit recommended platforms via our affiliate links, at no additional cost to you. All recommendations are based on a comprehensive review process. 
In XRP news today, Ripple is down more than -2% on the day to $1.03 after the US Senate left Washington for its August break without voting on the CLARITY Act. The token was down -4.5% over seven days, making it the weakest-performing major cryptocurrency during that period.
Senate Majority Leader John Thune said a vote would come in September, when lawmakers return on September 14. The delay shifts attention from a potential near-term legislative decision to the US employment report and July inflation data due the following week.
The CLARITY Act is intended to set out which US regulator oversees which digital assets. With Senate action postponed, the timing and outcome of the legislation remain unresolved.
As a result, XRP USD is now at risk of slipping below its long-standing support at $1, a level which, if lost, could spell disaster for the token.
$XRP is at a two-year low. Pay attention!
Ripple is approaching the support zone at the bottom of a falling wedge pattern on the weekly chart.
The price has hit a two-year low near $1, and the monthly RSI is more oversold than ever before.
All signs point to a reversal.… pic.twitter.com/VmL2d6eh7j
— Jasmine (@Jasminent0wva) August 6, 2026
XRP News: What the CLARITY Act Delay Means for the September Window
The Senate will return on September 14 with three weeks to work through a backlog that includes government funding and a Russia sanctions bill. The CLARITY Act will therefore compete for floor time when lawmakers return.
The bill needs 60 votes to pass, and it is unclear whether it currently has 50. Several Republican senators have publicly opposed the measure, while Democrats have sought stricter rules to prevent President Donald Trump from profiting from crypto while in office.
Those vote requirements underline the uncertainty around the bill’s path. The Senate’s decision not to take it up before the August break means the next opportunity for a vote is in September.
XRP’s decline came as major cryptocurrencies were mixed. Bitcoin held near $64,300 and was little changed on the day. ADA is one of the only prominent tokens up on the day, running +7% in the past 24 hours, continuing the seven-day stretch that has seen it spike +20%.
Jobs and Inflation Data Take Focus Before the Senate Returns
With the legislative timetable delayed, the next U.S. employment report is the immediate economic release highlighted for crypto markets. The data may shape expectations around monetary policy before the Senate returns in September.
The Federal Reserve held its target interest rate at 3.50% to 3.75% in July, though three officials voted to raise rates. A strong jobs number or sticky inflation would strengthen the case for tighter policy, which typically weighs on bitcoin.
Bitcoin has remained below $66,000 despite inflows into spot bitcoin funds. Those funds took in about $626M between August 3 and August 5, helping defend the $63,000 to $64,000 area but not pushing the price through resistance between $66,000 and $66,600.
The upcoming reports are therefore an important test for bitcoin’s near-term direction. The same macro backdrop will be part of the wider market context as XRP traders wait for the next Senate window.
Key Issues to Watch Into September
Ahead of tomorrow's US jobs report and — more importantly for most Fed officials — next week's CPI inflation data, markets see a 57% probability of a September rate hike by the Federal Reserve. Kalshi has it at 50% (below).#economy #markets #federalreserve pic.twitter.com/ZBFpsx8HZl
— Mohamed A. El-Erian (@elerianm) August 6, 2026
In other XRP news, three developments frame the period ahead. First, the Senate’s return on September 14 will determine whether the CLARITY Act receives floor time amid competing legislative priorities.
Second, the bill’s vote count remains a central obstacle. It needs 60 votes, while public Republican opposition and Democratic demands for stronger ethics restrictions leave the final level of support uncertain.
Third, the employment and inflation releases will provide the next major readings on the U.S. economic backdrop. The reports may influence expectations for Federal Reserve policy, an issue that has been identified as relevant to bitcoin’s price direction.
