The main purpose of this study was to assess the influence of grass planting and jujube branch mulching on soil moisture levels and jujube tree transpiration rates, with the ultimate goal of improving jujube tree production in rain-fed orchards. The study encompassed four treatments: jujube branch mulching (JBM), jujube branch mulching with white clover planting (JBM + WCP), white clover planting (WCP), and clean cultivation (CC). During a two-year experiment, it was observed that the JBM treatment exhibited the highest capacity for moisture conservation. Specifically, it resulted in an average increase of 2.69% (in 2013) and 2.23% (in 2014) in soil moisture content compared with the CC treatment. The application of statistical analysis revealed significant differences (p < 0.05) between JBM and JBM + WCP, as well as highly significant differences (p < 0.01) between JBM and WCP in the year 2013. In 2014, JBM exhibited significant differences (p < 0.01) from both JBM + WCP and WCP. Between April and August, JBM exhibited the highest soil moisture content, followed by CC, with WCP showing the lowest levels. From September to October, JBM retained its status as the treatment with the highest soil moisture content, JBM + WCP ranked second, and CC experienced a decline and recorded the lowest soil moisture content. Under sunny conditions, all treatments showed a broad peak curve in the daily variation of sap flow velocity. In cloudy weather, a multi-peak wave-like curve was observed with similar trends across treatments. Between April and August, the monthly average sap flow velocity of JBM ranked the highest, followed by CC, while WCP showed the lowest velocity. During the period of September to October, JBM maintained its lead in sap flow velocity, while JBM + WCP rose to the second position, and CC’s sap flow velocity dropped to the lowest level. JBM and WCP treatments showed significant differences (p < 0.01), and in 2014, JBM also had significant differences (p < 0.05) compared with JBM + WCP. The sap flow velocity was positively correlated with air temperature, vapor pressure deficit, wind velocity, photosynthetically active radiation, and soil temperature. Photosynthetically active radiation was identified as the main driving factor influencing jujube tree transpiration. In conclusion, the findings of this study demonstrate the effectiveness of using pruned jujube branches for coverage in rain-fed jujube orchards. This approach not only conserves mulching materials and diminishes the expenses associated with transporting pruned jujube tree branches away from the jujube orchard but also achieves multiple objectives, including increasing soil moisture, promoting jujube tree transpiration, and enhancing soil water utilization. These results have significant implications for the efficient utilization of rainwater resources in rain-fed jujube orchards and provide valuable insights for practical applications in orchard management.