XRP Price Outlook As CLARITY Act Vote Approaches

XRP climbed 3 percent to reach $1.08 this week as anticipation builds for the CLARITY Act vote scheduled for August 3. This legislative move brings together proposals from Senate committees, creating a framework that could set the tone for the digital asset in the coming days.

AI models are weighing in on potential price action ahead of the vote. ChatGPT suggests a base case scenario where the price hits between $1.15 and $1.25, provided the vote moves forward and investor optimism remains high. This scenario holds a 50 percent probability according to the model.

Optimistic traders are hoping for a bull case that could push the price toward $1.35, fueled by strong bipartisan support and steady Bitcoin prices. However, a bear case also exists, with a potential pullback to the $1.02 range if the vote faces delays or fails to gain the necessary traction.

From a technical perspective, XRP is currently holding support near $1.09. If buyers can keep the price above this level, the next immediate hurdle sits at $1.12. Traders should watch for legislative updates and broader market signals as the August 3 deadline nears.