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Crypto

XRP Price at Risk of Losing Key Support Amid US Senate Delay

Guavy AI Editorial Team
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XRP
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The price of XRP has declined by nearly -2% over the past 24 hours, trading at around $1.03 as the US Senate delays its vote on the CLARITY Act.

This news has had a negative impact on Ripple's chart, with spot demand weakening and short positioning building up.

The token's market capitalization remains near $64.7Bn, with trading volume standing at around $1.4Bn against a circulating supply of 62.53 billion tokens.

Ripple has reported full compliance in Crypto-Assets (MiCA) and Crypto Asset Service Provider (CASP) in Luxembourg, but it remains to be seen whether this will offset the delayed US legislative timelines.

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