Wire Arc Additive Manufacturing (WAAM) technology, known for its low equipment and material costs, high material utilization, and high production efficiency, has found extensive applications in the fabrication of key components for the aerospace and aviation industries. The stability of the arc is crucial for the WAAM process as it directly affects the forming of the parts. In this study, the monitoring data of electrical signals and arc morphology during the WAAM process of 2319 aluminum alloy were investigated using a high-speed camera system and current/voltage acquisition system. By analyzing the current and voltage signals, as well as the arc imaging results, the influence of arc stability on the forming of the cladding layer was studied. The experimental results indicated that when both current and voltage exhibit regular periodic fluctuations, this manifests as a stable short-circuit droplet transition form, while sudden changes in these signals represent abnormal droplet transition forms. The adaptability of the process directly influenced the arc shape, thereby affecting the forming of the cladding layer. Under the process parameters of welding speed of 240 cm/min and wire feeding speed of 6.5 m/min, it was observed that the current signal exhibited a tight state and the variance of the arc width was minimized. This indicated that at a higher wire feeding speed, the droplet transfer frequency was increased. Under these process parameters, the arc output was more stable, resulting in a uniform metal coating.