XRP Price Faces Pressure After CLARITY Act Stalls

XRP is facing fresh uncertainty this week after the CLARITY Act failed to pass before the August recess. Legislative progress was seen as a key catalyst for the coin, but the delay has cooled off some of the recent market optimism.

Data from Polymarket shows that traders are growing cautious. Current contracts suggest a 71 percent probability that the price of XRP will struggle to maintain its position, with many bets centering on the asset falling below the one dollar level.

This shift in sentiment highlights how sensitive the coin remains to regulatory news. With Congress now in recess, investors will be keeping a close eye on price support levels to see if XRP can hold its ground during this period of legislative silence.