XRP Hangs in Balance as CLARITY Act Vote Looms
XRP is facing a critical test as Tuesday's CLARITY Act procedural vote threatens to unwind bullish positioning built ahead of the closely watched crypto legislation.
According to Bitrue Research Institute, Binance liquidation data shows that leveraged positioning is skewed to the downside, leaving XRP vulnerable if the Senate vote fails or is delayed.
The elevated political uncertainty around the CLARITY Act has pushed back against the latest legislation over ethics provisions and is preparing a counterproposal, increasing failure probabilities for the bill.
This matters for XRP because traders have treated U.S. crypto market-structure legislation as a major regulatory catalyst, and a failed vote could remove that near-term tailwind just as leveraged longs sit near a key liquidation zone.
Bitcoin's weakness and the Fed decision could add pressure on XRP, with BTC support near $76,000 a key level to watch.