Ripple's XRP Drops on CLARITY Act Setback, But Momentum Improves
XRP's price took a hit after the US Senate failed to advance the CLARITY Act, plummeting from its weekly peak of $1.50 to below $1.30.
However, the token quickly rebounded to just over $1.30, highlighting the regulatory risks that can impact cryptocurrency prices.
Analysts point to improving momentum and a possible rotation toward altcoins as major technical signals for XRP.