XRP price today falls as Clarity Act stalls before Fed decision

XRP price today was trading near $1.06 after the U.S. Senate put the Clarity Act aside and crypto investors turned their attention to the Federal Reserve’s July 29 rate decision. For everyday investors, the move is a reminder that crypto prices can react to policy delays and interest-rate expectations as quickly as they react to token-specific news.

CoinGecko price data shown by Decrypt listed XRP at $1.056, down 2.85%. Decrypt also reported that XRP was off nearly 8% over the past week. Bitcoin was near $63,718, down 1.57%, while Ethereum traded around $1,912, down 0.99%, according to the same price board.

Why is the XRP price falling today?

Decrypt reported that the Senate shelved the Clarity Act on Monday to focus on a Russia sanctions bill and federal nominations. The chamber’s August recess begins around August 7, leaving a narrow window for the crypto bill to move this year, according to Decrypt.

The Clarity Act matters for XRP because Decrypt said it would write the token’s commodity classification into law. That kind of legal clarity is the foundation banks, custodians and exchange-traded fund issuers often want before building products around an asset. An exchange-traded fund, or ETF, is a regulated product that trades like a stock and gives investors exposure to an underlying asset.

The policy delay reversed some of the optimism from earlier in the month. Decrypt reported on July 21 that XRP rose 3.25% to $1.1485 after reports that President Donald Trump had accepted the bill’s long-stalled ethics provision. Polymarket odds for Senate passage briefly moved to 43%, according to Decrypt.

Standard Chartered’s conditional $8 XRP target remains tied to full Senate passage and $4 billion to $8 billion of new ETF inflows, Decrypt reported. Without the bill advancing, that scenario remains dependent on events that have not happened.

How is the Fed decision affecting crypto?

Decrypt reported that global markets are bracing for the Federal Reserve’s July 29 decision. New Fed Chair Kevin Warsh, in his second Federal Open Market Committee meeting, is widely expected to keep rates at 3.50% to 3.75%, while CME FedWatch odds cited by Phemex recently put the chance of a rate hike near 38%.

Higher rates can pressure risk assets because safer interest-bearing investments become more attractive. A hawkish Fed hold means policymakers keep rates unchanged while signaling they may stay restrictive, which can weigh on crypto. A dovish tone means officials sound more open to future cuts, which can support risk appetite.

What do XRP technical indicators show?

On Binance, Decrypt cited XRP at $1.0641 with a market value of roughly $65 billion, a 24-hour low of $1.0450 and a high of $1.0679. The token peaked near $3.40 in mid-2025 and has been moving through lower highs and lower lows since then, according to Decrypt’s chart analysis.

Decrypt said XRP’s Average Directional Index was 11.2. ADX measures trend strength on a 0 to 100 scale, and readings below 25 usually point to a weak or unconfirmed trend.

Decrypt also reported that XRP’s 50-day exponential moving average remains below its 200-day average, a setup traders call a death cross. An exponential moving average smooths price data to show trend direction, and a death cross usually points to weaker medium-term momentum.

The Relative Strength Index stood at 40.9, according to Decrypt. RSI measures momentum from 0 to 100, with 70 often viewed as overbought and 30 as oversold. At 40.9, XRP is below the neutral 50 level but not at the extreme oversold threshold.

Decrypt said XRP’s bearish leg runs from $1.1646 to $1.0450, with Fibonacci support levels at $1.0125 and $0.9711. It also said a more supportive Fed message could put the $1.10 to $1.12 area in focus, while a hawkish statement could leave XRP testing lower support. Those are technical scenarios, not guaranteed outcomes.

This story draws on original reporting from Decrypt.