XRP Price Slides as Senate Drops Clarity Act and Fed Decision Looms
Decrypt·
60-second summary
The Senate has dropped the Clarity Act, a move that fuels uncertainty for XRP's regulatory status. Meanwhile, the Fed's upcoming decision on interest rates has traders on edge, causing XRP's price to slide. With charts running out of support zones, the asset's downward momentum shows no signs of slowing, putting pressure on its value.
The Senate kicked the can, the Fed has traders on edge, and XRP's charts are running out of support zones to fall back on.