XRP Price Plummets as Washington Regulatory Momentum Hits Roadblock

The XRP price has taken a hit of around -2% over the past 24 hours, trading at approximately $1.03 due to regulatory momentum in Washington stalling.

The token's 30-day losses have now reached -4%, while its circulating market capitalization stands near $64.2 billion.

The immediate catalyst behind this weakness is a schedule change in the US Capitol, where Senate Majority Leader John Thune confirmed that consideration for the CLARITY Act has slipped past the August recess into September.