CLARITY Bill review is imminent, XRP, Bitcoin and Ethereum price outlook

Crypto market fell slightly, traders focused on the CLARITY Act White House review

In the past 24 hours, the market value of the crypto market fell by about 1% to US$2.16 trillion. Traders are watching the CLARITY Act closely, and the White House plans to consider a new ethics proposal this weekend.

On July 31, Bitcoin, Ethereum and XRP all fell. Market sentiment tends to be cautious. Many investors are waiting to see if lawmakers can push the bill forward before the summer recess.

What is the progress of the CLARITY Act this weekend?

President Trump is expected to consider a bipartisan ethics proposal related to the CLARITY Act this weekend. His response will determine whether Senate leaders will push the bill into closing debate voting next week.

Lawmakers have only six days left before leaving Washington for summer recess. This added more pressure to the already tense negotiations.

The compromise currently on the table would allow state attorneys general to challenge the Justice Department over non-enforcement of federal ethics codes. This is a point Democrats have raised, and addressing it could help restart a bill that has been stalled for weeks.

Even if more consensus is reached on digital asset market rules, the bill will still need 60 votes in the Senate to pass. That means at least seven Democrats need to join the Republican camp.

The White House's support will open the door to more bipartisan support before the August recess. The bill may affect how institutions will regulate tokenized assets, stablecoins and exchanges in the future.

What are the chances that the CLARITY Act will become law in 2026?

Predictions that the market is not optimistic about this. Polymarket data shows that the probability that the CLARITY Act will become law in 2026 is only 28%. This figure has dropped 38% from previous levels, indicating growing doubts about resolving differences before the recess.

This uncertainty is expected to increase price volatility in Bitcoin, Ethereum and XRP, and traders are waiting for a clearer signal from Washington.

How are Bitcoin, Ethereum and XRP currently performing?

Bitcoin (BTC) was quoted at US$63,036, a 24-hour decline of 1.18%, key support at US$63,000 and resistance at US$65,000/US$67,000. Ethereum (ETH) reported at $1,866, down 1.23%, with support at $1,850 and resistance at $1,930/$2,000. XRP was reported at US$1.067, down 1.40%, with support at US$1.05/US$1.00 and resistance at US$1.10/US$1.13/US$1.20.

Bitcoin is currently hovering near the US$63,000 support level. If it can hold on, it may form a consolidation and then try to break through $65,000 again. Stronger buying could even push it to $67,000. However, a clear break below US$63,000 could open up downside to US$61,500, and could even hit US$60,000 if the sell-off continues.

Ethereum is close to US$1,850 support. If it continues to fall below this level, it may fall towards US$1,750, and if sellers continue to exert pressure, it may test down to US$1,650. If the day closes above $1,930, market sentiment will shift and may open a path to $2,000 and $2,100.

XRP fell to $1.067. A 4-hour close above $1.10 was the first sign of strength for bulls. A breakthrough of $1.13 will support expectations for a larger reversal, with the next target of $1.20. Another blockage near $1.05, the first line of defense that bulls had previously held, could trigger more selling.

What kind of investor sentiment does ETF fund flow reveal?

Data shows that on July 31, XRP ETF continued its capital inflow trend, adding US$7.69 million in new funds. Since its launch, the total inflow has reached US$1.51 billion, and net assets are close to US$988.78 million. Bitwise led the way in XRP fund inflows with $7.12 million, with Franklin Templeton contributing $576.52 million.

Bitcoin ETF presents a different picture. On July 31, the spot bitcoin fund had a net outflow of $265 million, and BlackRock's IBIT alone lost $123 million. The spot Ethereum ETF recorded a moderate net inflow of $9.03 million, despite losses on some BlackRock's Ethereum products.

These mixed capital flows suggest that institutional demand remains uneven among the three assets, with XRP attracting more stable interest and Bitcoin facing short-term pressure.

XRP, Bitcoin and Ethereum Price Outlook: What are the factors that may drive prices in the future?

The biggest catalyst remains the review of the CLARITY Act. A positive signal from the White House may boost market sentiment for Bitcoin, Ethereum and XRP. On the other hand, another delay or vote blocked could exacerbate selling pressure, especially as lawmakers run out of time before recess. Traders are also focusing on broader macroeconomic conditions, factors that continue to put pressure on risky assets such as cryptocurrencies.

Disclaimer : This document is for information purposes only and does not constitute financial, investment or legal advice. The cryptocurrency market is highly volatile and has extremely high risks. The prices mentioned in the article may change and past performance does not represent future results. Before making an investment decision, be sure to study it yourself.