XRP’s Next Price Wave Could Be Violent As Clarity Act Faces August Break
XRP price got hit during the ongoing market correction. The token fell around 5% today and is now trading at $1.05. The broader crypto market is in the red, with Bitcoin below $64,000 and Ethereum under $1,900. But one of my favorite analysts who posts XRP price predictions, CasiTrades, just weighed in again. There are also some Clarity Act news worth covering. CasiTrades: “The Purple Scenario Continues” CasiTrades posted a clear XRP price update. Her message was direct: the purple scenario continues to play out. During Friday’s livestream, she highlighted the importance of the $1.09 level. She expected a small reaction for subwave 2, and that is exactly what happened. She also warned that any bounce would likely have a strong rejection, and now price is right back to macro support. Her key message: “Critical time in the market to confirm purple plan to $0.87 support. I believe the next wave is a break toward $1.00.” The subwaves continue to develop as expected and still point toward the $0.87 macro support. XRP Chart Analysis: Bearish Structure Intact The XRP 1-hour chart has turned decisively bearish after failing to sustain momentum above the $1.11-$1.12 resistance zone. Price was rejected near the 0.382 Fibonacci retracement around $1.1156, reinforcing that sellers remain in control following the recent lower high. The break back below the green support zone around $1.07-$1.09 also places XRP beneath the descending black trendline. That signals that the short-term trend continues to favor the downside unless buyers quickly reclaim this area. Elliott Wave perspective: The chart indicates that the XRP price may have completed a corrective bounce before beginning another impulsive leg lower. The projected wave count outlines a series of lower highs and lower lows, with an interim rebound toward $1.02-$1.05 possible before sellers attempt another decline. If this wave structure remains valid, the next bearish leg could target the $0.98-$0.94 region, where the 1.618 extension and additional Fibonacci support levels converge. Source: X/@CasiTrades The broader downside target lies inside the large green demand zone between approximately $0.86 and $0.93. This area is technically significant because it combines previous support, Fibonacci retracement levels, and the projected completion of the wave sequence. A move into this region would represent a deeper correction from July’s highs while potentially offering buyers their first high-probability accumulation zone if bullish reversal signals emerge. Momentum indicators also support the cautious outlook. The RSI has broken lower after forming a bearish divergence, with price making higher highs while momentum failed to confirm the move. The indicator is now approaching oversold territory, which means bearish momentum is strengthening in the near term. While oversold conditions could eventually trigger a relief rally, the prevailing technical structure remains bearish as long as the XRP price trades below the descending trendline and fails to reclaim the $1.10-$1.12 resistance area. A sustained break above that zone would invalidate much of the current bearish wave count and shift sentiment back in favor of the bulls. Clarity Act Math: The Senate Reality Senate floor time is the most valuable commodity in Washington. The Senate is scheduled to leave August 7 – leaving roughly two weeks. Under Senate Rule XXII, once cloture is invoked on a major bill, that measure becomes the unfinished business to the exclusion of all other business until it is disposed of. You generally cannot advance other contested legislation at the same time. Major bills that could come to the floor in this short window include CLARITY, the SAVE Act, a Russian sanctions bill, budget-related legislation, or the NIL bill. Choosing to advance any one of them will come at the expense of the others, because the Senate can effectively process only one major contested measure at a time. Even if CLARITY were brought up today, the procedural steps – cloture, amendment process, second cloture, and up to 30 hours of debate – make finishing before recess extremely difficult without unanimous consent to waive process, which is rare on contested bills. I know many people are disappointed it won’t clear by early August. That does not mean CLARITY is done for the year. Realities of CLARITY Act expectations and Senate Rules and Math: Senate floor time is the most valuable commodity in Washington. The Senate is scheduled to leave August 7 — leaving roughly two weeks. Under Senate Rule XXII, once cloture is invoked on a major bill, that measure… — Anne Kelley (@amk_dc) July 27, 2026 The bill includes critical protections for everyday crypto users. If a crypto exchange goes bankrupt, customers’ assets are currently at risk of being treated as the exchange’s property and used to pay off the company’s debts – leaving regular people with nothing. CLARITY’s bankruptcy remoteness provisions help prevent that outcome and keep customers’ crypto from being swept up to satisfy the exchange’s creditors. Having the text out for people to read and digest over the recess, while Senate staff continue building toward consensus, can still set up quicker movement in September. Every step is progress. Read more Clarity Act news: Pro-XRP Lawyer Warns: Clarity Act Faces “Party Over Country” Block My Take: XRP Price Could Go Lower Before Any Recovery CasiTrades’ bearish scenario is playing out exactly as she outlined. The rejection at $1.09, the break below support, and the wave structure all point lower. The $0.87 target is becoming increasingly likely. The Clarity Act delay adds to the bearish pressure. The Senate is running out of time before the August recess. The bill could slip to September or later. That means the regulatory clarity catalyst that the market was hoping for is not coming anytime soon. For XRP, the short-term direction is down. The next support is $1.00 , then $0.94 , and finally $0.87. I would not be buying XRP here. The chart is bearish, and the fundamentals are not strong enough to justify a position. I am watching the $0.87 level as a potential accumulation zone. But I need to see confirmation – a bullish reversal signal, a break above the descending trendline, or positive news – before considering an entry. Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis. The post XRP’s Next Price Wave Could Be Violent as Clarity Act Faces August Break appeared first on CaptainAltcoin.
Here’s Why the Crypto Market Is Down Today As Bitcoin Dips Below $64K Again
Bitcoin and crypto prices are not doing great today. BTC dipped 2.5% and Ethereum dropped 3.5%, trading below $64,000 and $1,900 again. The broader crypto market is in the red, with altcoins giving back recent gains. The sentiment over the past few days was pretty positive. ETF inflows were improving. The Clarity Act was making progress. But today, the market is selling off. Let me explain why. Trump Threatens “Strong Military Action” If Iran Talks Fail President Trump said he is ready for “strong military action” if Iran talks fail, according to Axios. “We are in very deep talks with Iran. If they don’t work out, we will go back to very strong military action,” Trump said. When asked how long he is willing to give diplomacy, Trump said “not much time.” He also said he decided to pause strikes on Friday because the countries mediating asked him to give negotiations another chance. US oil prices are now trading near $84 per barrel. The threat of renewed military action in the Middle East is a significant risk-off catalyst. Markets hate uncertainty, and geopolitical escalation is one of the most unpredictable variables. KOSPI Trading Halted After 8% Plunge South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8% , marking its eighth circuit-breaker activation of 2026. SK Hynix’s U.S.-listed ADR, traded under the ticker SKHY, fell below USD 140 and was last quoted at USD 139.45 , down 11.89% over the past 24 hours. SK Hynix is one of the world’s largest memory-chip manufacturers and a leading supplier of high-bandwidth memory used in AI processors. KOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140 South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of 2026. SK Hynix’s U.S.-listed ADR,… pic.twitter.com/WZU1smMcIo — Wu Blockchain (@WuBlockchain) July 28, 2026 The KOSPI crash is a significant risk-off event for global markets. South Korea’s stock market is a bellwether for technology and semiconductor stocks. When it crashes, it sends shockwaves through global equity markets, and crypto follows. Bitcoin ETFs Post $11.6 Million Outflow U.S. spot Bitcoin ETFs recorded net outflows of $11.64 million on July 27, according to SoSoValue. BlackRock’s IBIT posted the largest single-fund outflow at $8.82 million. Spot Ethereum ETFs recorded net inflows of $9.23 million , led by BlackRock’s ETHA with $11.75 million. Source: SoSoValue The Bitcoin ETF outflow is small compared to the $900 million inflows last week. But it is a reversal after several days of positive flows. The market is reacting to the geopolitical news and global equity turmoil, not the ETF data. Crypto Shows 93% Correlation to Gold The market fell in sync with traditional assets. Crypto is showing a 93% correlation to gold , according to recent data. This signals a unified macro move, likely driven by changing expectations for U.S. interest rates ahead of the Federal Reserve’s meeting. This environment triggered over $156 million in Bitcoin liquidations in 24 hours. Longs accounted for $133 million , indicating a forced deleveraging of bullish bets. The high correlation with gold is notable. It means crypto is trading like a risk asset, not a hedge. When gold falls, crypto falls with it. And the gold price is down 1.2% today, now barely above $4,000 per ounce. Where Could Bitcoin Price Go From Here? The immediate path is contingent on the Fed’s decision and global risk sentiment. The KOSPI crash and SK Hynix selloff are adding to the bearish pressure. South Korea’s stock market is a major indicator of global tech sentiment, and its plunge is dragging down risk assets worldwide. If the Fed signals a more dovish stance, it could relieve pressure and allow crypto to rebound from the $2.15T–$2.17T zone. Conversely, hawkish rhetoric could push the market toward the next major support at $2.12T. Traders are positioned defensively. The Fear & Greed Index is at 34 – “Fear.” This means caution but is not yet at extreme levels that typically signal a bottom. Watch for: Bitcoin ETF flow data post-announcement and whether the market can reclaim the $2.21T level to invalidate the bearish short-term structure. My take: The geopolitical risk is the dominant driver right now. The KOSPI crash adds another layer of global risk-off sentiment. The Fed meeting is another variable. Until there is clarity on all fronts, volatility will remain elevated. The $64,000 level is critical. A break below could send Bitcoin to $62,000 and then $60,000. A break above $65,000 would be the first sign of strength. FAQs Why is crypto down today President Trump threatened “strong military action” if Iran talks fail, and South Korea’s KOSPI crashed 8%. The geopolitical uncertainty and global equity turmoil triggered a risk-off move. What is the correlation between crypto and gold Crypto is showing a 93% correlation to gold. This means a unified macro move, with both assets reacting to the same drivers. Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis. The post Here’s Why the Crypto Market Is Down Today as Bitcoin Dips Below $64K Again appeared first on CaptainAltcoin.
APIA、サモア、2026年7月27日 /PRNewswire/ — 暗号資産取引所HTXの専用リサーチ部門であるHTX Researchは、「From Asset Tokenization to Cash-Flow Tokenization: RWA and DeFi Enter the Second Half of Programmable Finance(資産トークン化からキャッシュフロートークン化へ:RWAとDeFiがプログラマブル・ファイナンスの後半へ進む)」という新しいレポートを発表しました。本レポートでは、RWAのトークン化とDeFiのキャッシュフロー評価という一見別々のテーマが、同じ業界の移行を指し示していることを分析します。すなわち、暗号資産市場は「資産の存在」から「資産のユーティリティ」へ、そして「プロトコルの利用」から「プロトコルの収益性」へと移行しているのです。