XRP Price Slumps Amid Senate Decision and Fed Uncertainty

The price of XRP has declined following the U.S. Senate's decision to drop the Clarity Act, which was intended to provide clarity on cryptocurrency market structure.

This development comes as the Federal Reserve is set to make a policy announcement that could impact digital assets, including XRP, with hawkish policies previously linked to declines in major cryptocurrencies.

XRP's price sensitivity to U.S. regulatory changes and macroeconomic factors is evident in its recent slide, which reflects intertwined pressures from these sources.

Market activity suggests a low probability of XRP reaching $3.00 by August 1, 2026, with the likelihood of achieving this target appearing minimal at less than 1% chance according to current pricing.