XRP Price Plummets on CLARITY Act Setback and Broader Market Weakness

The XRP price has been experiencing renewed selling pressure following the setback of the CLARITY Act, which failed to advance in the U.S. Senate on September 15.

This failure leaves regulatory uncertainty hanging over the digital asset market, contributing to XRP's decline towards $1.30.

Celal Kucuker, a financial expert, believes that the recent sell-off could be a healthy correction within the broader market structure, with XRP potentially moving back toward its weekly moving averages near $1.50.