Altcoins Slide Ahead of Clarity Act Vote

Top altcoins Ripple (XRP), Cardano (ADA), and Hyperliquid (HYPE) are trading in the red on Tuesday, each down around 2% so far. The crypto market is bracing for the CLARITY Act cloture vote scheduled for today, which will establish clarity for the crypto market structure.

Ripple's price remains capped below key resistance levels at $1.5137 and $1.6999, according to the Fibonacci retracement analysis. Despite this, Ripple maintains a constructive bullish bias as its price holds above the 50-period and 100-period Exponential Moving Averages (EMAs) on the four-hour chart.

Cardano's price is facing downside pressure, with immediate support seen at the 50% Fibonacci level at $0.1999 and reinforced by the 50- and 100-day EMAs. On the upside, Cardano faces resistance levels at the 200-day EMA at $0.2437 and the 78.6% Fibonacci retracement at $0.2467.

Hyperliquid's price edges below $80 on Tuesday but maintains a constructive bullish bias following its rally to a record high of $89.61 on September 6. Momentum is mixed, with the RSI hovering near a neutral 51 and the MACD extending a downtrend below its signal line.