Bitcoin and XRP Price Prediction as CLARITY Act Reaches Crucial Senate Vote

KUALA LUMPUR, 7 AUGUST 2026 —

Bitcoin held above $64,400 and XRP traded near $1.05 on Thursday as a Senate vote on the CLARITY Act failed to materialise before the summer recess.

Support for the bill reached 44 votes out of the 60 required, leaving it short of the threshold and prompting traders to pare risk, according to statements on the Senate floor. Majority Leader John Thune has not filed a cloture motion, reducing the chance of a floor vote before lawmakers adjourn, the Congressional record shows.

Senator Cynthia Lummis said she is still negotiating with Democrats over ethics provisions, adding that the safeguards exceed those in the last presidential ethics pledges.

Bitcoin ETFs attracted $244 million in net inflows on Wednesday while XRP funds posted daily outflows of $3.58 million, data from the issuers show. BlackRock’s IBIT took in $196.83 million and ARKB added $37.63 million, lifting total Bitcoin ETF assets to $79.21 billion, or 6.09% of Bitcoin’s circulating supply. Bitwise’s XRP ETF accounted for the entire outflow, leaving the XRP fund complex with $993.38 million in assets, or 1.49% of XRP’s market capitalization.

Price levels remain in focus after Wednesday’s consolidation. Bitcoin faces immediate resistance near $66,000; a breakout could push it toward $68,500, with a move above that opening the path to $70,000. On the downside, the $63,500 support zone must hold to avoid a pullback to $61,800.

XRP’s technical picture shows immediate resistance at $1.08; a sustained breakout could lift it to $1.12 and then $1.18, while a failure to stay above $1.00 risks a slide to $0.96 and $0.92.

Risk sentiment remains fragile as geopolitical uncertainty over Hormuz shipping talks limits broader appetite, traders said. The Senate has not set a new date and no cloture filing has been made, according to the Congressional record.