XRP Price Plunges Amid Broader Market Woes as CLARITY Act Hits Snag

XRP's price has taken a hit, down 2.39% to $1.11 today in a session driven by broader macro pressure rather than anything specific to the token itself.

Roughly $2.8 trillion was 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 piece of legislation for crypto regulation, still lacks the 60 Senate votes needed to pass, with some Republicans opposing it and Senator Elizabeth Warren urging colleagues to vote against it entirely.