Bitcoin and XRP Price Hold Key Support as Trump’s CLARITY Act Meeting Draws Market Focus

Bitcoin and XRP traded cautiously as investors awaited fresh signals from Washington ahead of discussions on the proposed CLARITY Act, a key crypto market structure bill. The broader cryptocurrency market slipped 1.35% over the past 24 hours, bringing its total market capitalization to approximately $2.2 trillion. Bitcoin hovered around $64,000, while XRP remained above the $1.10 level as traders looked for signs of a potential recovery.

President Donald Trump is scheduled to meet Republican senators and senior White House advisers on Thursday to discuss the CLARITY Act and unresolved ethics concerns related to cryptocurrency regulation. Expected participants include Senators Bernie Moreno and Cynthia Lummis, White House crypto adviser Patrick Witt, Chief of Staff Susie Wiles, and Solana Policy Institute President Kristin Smith.

The talks come as Senate Democrats continue raising concerns over President Trump’s reported cryptocurrency holdings and financial interests, arguing that stronger safeguards are needed to prevent federal officials from benefiting from digital assets while overseeing industry regulation.

Prediction markets currently estimate a 41% chance that the CLARITY Act will become law by 2026. Those odds have declined by roughly 25 percentage points due to political disagreements and a crowded congressional agenda.

From a technical perspective, Bitcoin continues to trade near the crucial $64,100 support level. Holding above this area could allow the cryptocurrency to target resistance near $65,500, with a move toward $66,000 possible if buying momentum strengthens. However, a daily close below $64,000 could trigger a decline toward the $61,800-$62,000 support zone.

XRP fell 1.37% over the past day to trade near $1.10. Maintaining support at this level could open the door for a rebound toward $1.15, while stronger demand may push the token above $1.20. If XRP loses the $1.10 level, the next major support sits around $1.06.

Institutional investment trends remained mixed. U.S. spot Bitcoin ETFs recorded net inflows of $108 million on July 15, led by BlackRock’s IBIT with $80.82 million. Spot Ethereum ETFs attracted $53.83 million, with BlackRock’s ETHA accounting for $45.29 million. Meanwhile, U.S. spot XRP ETFs posted no net inflows, although cumulative inflows remain at $1.48 billion, with Bitwise continuing to lead the sector in assets under management.