XRP Plunges 5.3% Amid Senate Vote and Rising Bond Yields

The value of XRP has declined by approximately 5.3% as of 1:59 p.m. ET on September 15, following a key Senate vote and rising bond yields.

XRP is closely tied to Ripple's RLUSD stablecoin, which could be affected by the CLARITY Act's regulatory framework for digital assets in banking and traditional finance.

The Senate needed 60 votes to advance the CLARITY Act, but with markets pricing a 93% chance of a Federal Reserve rate hike this week, XRP is facing additional headwinds from the broader economy.