XRP fell harder than other major crypto assets after the U.S. Senate left Washington without voting on the Clarity Act. The delay keeps a key regulatory question unresolved for XRP and Ripple-linked market participants until at least September.
XRP fell harder than other major crypto assets after the U.S. Senate left Washington without voting on the Clarity Act. The delay keeps a key regulatory question unresolved for XRP and Ripple-linked market participants until at least September.
XRP weakened after the U.S. Senate departed without taking up the Clarity Act, pushing a vote on the crypto market-structure bill to at least September. According to Decrypt, XRP fell 2.05% over 24 hours to $1.02, making it the only top-10 crypto asset to close in the red while other major tokens were flat or higher.
XRP weakened after the U.S. Senate departed without taking up the Clarity Act, pushing a vote on the crypto market-structure bill to at least September. According to Decrypt, XRP fell 2.05% over 24 hours to $1.02, making it the only top-10 crypto asset to close in the red while other major tokens were flat or higher.
The delay matters because the Clarity Act could help define whether certain crypto assets are treated as securities or commodities in the United States. Drafts previously reported by Decrypt would classify XRP, Solana and Dogecoin as non-securities, placing them under the Commodity Futures Trading Commission rather than the Securities and Exchange Commission.
For Ripple and XRP holders, that distinction is central. Ripple has spent years in litigation with the SEC over whether XRP was an unregistered security, and Decrypt noted that Ripple agreed to pay $50 million to settle its cross-appeal with the agency. A federal statute would provide broader clarity for exchanges, custodians and regulators than a settlement alone.
The market reaction also came as XRP was already under technical pressure. Decrypt reported XRP trading near $1.028, with a roughly $64 billion market capitalization, after a decline that left it just above the $1.00 level and near its second-lowest daily-chart print since early 2024.
Chart indicators cited by Decrypt showed XRP in a bearish setup, including a 50-day EMA below the 200-day EMA, an RSI of 35.9 and an ADX of 11.9. Still, prediction market traders on Myriad were pricing 77% odds that XRP would remain above $1.00 over the weekend, leaving that level as the near-term focus for traders watching the policy delay.
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