Ripple's XRP Ticks Down Amid Regulatory Headwinds and Senate Gridlock
XRP's price has struggled to gain traction despite positive corporate developments from Ripple, dropping 1.78% to $1.09 on Saturday.
The token is now just 7.71% above its 52-week low of $1.01 set in June, highlighting the disconnect between fundamental expansion and market performance.
The CLARITY Act, a US digital asset market structure bill that would classify XRP as a commodity, has stalled in the Senate due to disagreements over an ethics package. The bill needs 60 votes to pass, but prediction markets currently peg passage odds for 2026 at around one-third to half.
Ripple CEO Brad Garlinghouse has urged lawmakers to pass the bill before the August break, while CTO David Schwartz called the legislation a 'starting gun' for institutional capital. The lobbying battle is intensifying, with both supporters and opponents weighing in on the bill's prospects.