XRP Price Slides on CLARITY Delay as Analyst Flags Weak August Trend

BTC and ETH stayed relatively stable as XRP absorbed most of the market's reaction to the CLARITY Act delay. XRP fell on August 7 after the US Senate delayed a vote on the CLARITY Act until September, adding new pressure to a token that had already been losing ground against Bitcoin (BTC) for weeks. The setback has renewed attention on historical price trends, with analyst ChartNerd arguing that August has consistently been a difficult month for XRP during US midterm election years. XRP Faces Selling Pressure After Senate Delays CLARITY Vote ChartNerd wrote on X that XRP was “already bleeding” after news emerged that the Senate had postponed consideration of the CLARITY Act until after the summer recess. Journalist Eleanor Terrett reported that sentiment across the crypto industry was mixed following the decision to push the vote into September, with some participants frustrated while others remained hopeful that lawmakers would make the bill a priority when Congress returns. Digital Chamber CEO Cody Carbone said the industry would continue working to secure enough support for a successful vote after the recess. Bitwise CIO Matt Hougan had said that failing to pass the CLARITY Act ...