Bitcoin and XRP Price movements remained cautious Thursday as traders awaited a crucial Senate vote on the CLARITY Act. Bitcoin price was trading above $64,400, and XRP price was around $1.05 and the selling pressure persisted.
Ethereum price remained over $1,900 with the overall market consolidating. Risk appetite was also held back in markets due to geopolitical uncertainty surrounding Hormuz shipping negotiations.
What’s Next for Bitcoin and XRP Price Ahead of Senate Clarity Vote Today?
The Clarity Act Senate vote has the potential to influence the short-term sentiment of big cryptocurrencies. This requires 60 votes, whereas the actual number is 44 in favor and 56 against. That disconnection has raised worries over rejection of bills before legislators go on recess.
Senator Cynthia Lummis mentioned that she is still negotiating with Democrats, particularly on unresolved ethics provisions. She also stated that the safety measures offered are more than the last presidential ethics pledges.
JUST IN: 🚨So No CLARITY Act vote scheduled for today.
A vote before the August now looks very unlikely, with no closure filed just yet.
We will likely have to now wait for a few months
— Crypto Tony (@CryptoTony__) August 6, 2026
Time is a constraint since no cloture resolution has been provided. John Thune, who leads the majority in the Senate, has to move fast to leave any hope of a floor vote.
Bitcoin And XRP Price Prediction: Key Levels To Watch
XRP and Bitcoin prices are poised to gain further as long as the current support levels hold. XRP price is trading around $1.04 and has an immediate resistance at $1.08. An established breakout may drive the price to reach $1.12, and then to $1.18. However, failure to stay above $1.00 may expose XRP to $0.96 and $0.92 support levels.
Bitcoin price is trading above $64,400 and it is gaining new strength in the wider market. The upside target is close to $66,000, and the upward target is $68,500 in case the momentum is positive.
Another higher breakout of more than $68,500 may create the way to $70,000. On the downside, Bitcoin must protect the $63,500 support zone. A failure to maintain that level can lead to a pullback to $61,800.
Bitcoin ETFs Attract $244 Million While XRP Funds Record Outflows
Bitcoin ETF market registered 244.42 million in net inflows on a daily basis. BlackRock’s IBIT led demand with $196.83 million, while ARKB added $37.63 million. Total Bitcoin ETF assets reached $79.21 billion, representing 6.09% of Bitcoin’s market value.
XRP ETFs saw varied performances with a net outflow of $3.58 million per day. The full decline was attributed to the XRP fund of Bitwise. XRP ETF assets stood at $993.38 million, equal to 1.49% of XRP’s market capitalization.