Ripple Price at Risk as US Senate Delays CLARITY Act Vote

XRP's price remains near $1.03 as short positioning builds and spot demand weakens following news that the U.S. Senate delayed its CLARITY Act vote until September.

The delay has had a negative effect on the Ripple chart, with XRP recording a nearly 2% decline in the past 24 hours, according to market data from CoinGecko.

While regulatory clearance in Europe could offset the deferred US legislative timelines, the token's price is currently pinned near psychological support at $1.00.

Experts note that a break below $1.00 would expose lower support near $0.92, while a bullish structural pivot requires buyers to break above resistance at $1.10 to $1.15.