XRP Price Falls Amid Broader Market Pressure

The XRP price is down 2.39% to $1.11 today, underperforming a slightly negative market.

This comes as the broader market experiences a selloff, with roughly $2.8 trillion wiped out across stocks, gold, silver, and crypto in the past 24 hours following a disappointing Alphabet earnings report that raised concerns about AI spending outpacing profits.

The CLARITY Act, a key regulatory bill for crypto, is still short of the votes needed to pass, with Republicans struggling to get their own members on board.

XRP's underlying legal and market position has genuinely shifted over the past year, including the resolution of the five-year SEC lawsuit, the launch of seven US spot XRP ETFs, and Ripple's stablecoin RLUSD growing to a $1.5 billion market cap.