XRP gives back gains after Senate crypto bill sparks 5% rally

CoinDesk·

XRP gives back gains after Senate crypto bill sparks 5% rally

60-second summary

XRP is giving back its recent gains after a Senate crypto bill sparked a 5% rally, as the token stays pinned below resistance despite derivatives activity surging ahead of a key Senate vote that could formally reinforce XRP's commodity status, potentially providing regulatory clarity and boosting investor confidence in the cryptocurrency market.

XRP stayed pinned below resistance even as derivatives activity surged ahead of a key Senate vote that could formally reinforce the token’s commodity status.