XRP price falls 2% as CLARITY Act vote slips to September

XRP traded near $1.03 on Aug. 7 as selling pressure kept the token among the weaker large-cap cryptocurrencies ahead of fresh U.S. labor data. Summary XRP traded near $1.03, down about 2.2% as selling pressure persisted across major exchanges today. Binance XRP open interest rose roughly 8% while perpetual CVD moved deeper into negative territory. Spot CVD fell more than 52%, showing a sharp decline in aggressive centralized exchange buying. Whales accounted for 81% of Binance XRP outflows, versus 72% across centralized exchanges overall globally. Senators return September 14, while July employment data arrives August 7 before inflation data Wednesday. According to crypto.news market data, XRP dropped about 2.2% over 24 hours, compared with smaller moves in Bitcoin and Ether, while its market capitalization remained near $64.2 billion. crypto.news showed XRP down 5.7% over seven days and 6.7% over 30 days. Trading volume was approximately $1.44 billion, with circulating supply near 62.53 billion tokens. The decline came as the U.S. Senate pushed consideration of the CLARITY Act beyond its August recess. Senate Majority Leader John Thune said the bill would be queued when lawmakers ...