XRP faces renewed downside pressure as Polymarket traders assign strong odds to the token trading near the $1 level. The shift follows the delay of the CLARITY Act vote until September. Meanwhile, short-term markets show limited strength, while longer-term contracts signal weaker expectations for a major XRP recovery.
XRP Price Holds Near The $1 Support
Polymarket data shows a 71% probability that XRP will reach $1 on August 10. Another contract gives XRP a 99% chance of reaching the $1 to $1.10 range. However, the same market assigns only a 1% probability to the $0.90 to $1 range.
Separate contracts also show limited upside for XRP during the session. The token has a 28% probability of reaching $1.05, while another contract gives $1 a 5% probability. Therefore, current market activity places greater attention on the $1 area than higher price levels.
Short-term contracts remain stronger than daily and four-hour projections. Polymarket gives XRP a 96% chance of rising during the next hour, while 15-minute odds stand at 76%. However, five-minute odds fall to 50%, while daily and four-hour markets show only 10% and 7% chances.
XRP Faces Wider Weekly Price Pressure
Polymarketโs weekly contracts also show mixed expectations for XRP between August 10 and August 16. One contract assigns a 50% probability that XRP will not reach $0.90 during that period. Another standalone contract gives a 99% probability that XRP will reach $1.70.
These contracts measure separate price outcomes, so their probabilities do not represent a single price forecast. However, the data shows a wide range of possible outcomes as traders assess XRPโs near-term direction. At the same time, longer-term contracts show limited expectations for a new record high.
Polymarket places the probability of XRP reaching an all-time high by December 2026 at 5%. The probability for XRP reaching a record high by the end of September stands at 1%. Therefore, the market data points to restrained expectations despite possible short-term moves.
Clarity Act Delay Adds Pressure To XRP
The delayed CLARITY Act vote has added another source of uncertainty for XRP and the wider crypto market. Senate Majority Leader John Thune filed a cloture motion on the motion to proceed. The Senate now plans to consider the cloture vote on September 15 after the August recess.
The bill still faces disagreements over several provisions before lawmakers can advance it. Senators have raised concerns about stablecoin rules and provisions involving stablecoin yields. Meanwhile, law enforcement groups and prosecutors have objected to protections covering non-custodial blockchain developers.
The legislative outcome could influence XRPโs next major price move because the bill affects the broader digital asset framework. CoinGape analysis identifies $1.08 and $1.12 as key resistance areas for XRP. A stronger trading volume could push XRP toward $1.18, while a failed bill could send XRP back toward $1 and $0.95.
