XRP Price Slumps as Traders Wait on Clarity Act Vote

XRP's price has fallen by 1.26% to around $1.09 as traders wait for a key piece of U.S. crypto legislation, the Clarity Act.

The altcoin is currently stuck below its moving-average cluster near $1.11 to $1.12, with the RSI reading 38 and showing weak momentum.

There are two possible scenarios for XRP's price prediction: if $1.08 holds, the price could push back toward $1.145, then $1.20, and eventually the $1.29 to $1.30 resistance zone; if $1.08 breaks decisively, $0.91 becomes the first downside target.

The Clarity Act news remains a major policy trigger for traders, with Senate Majority Leader John Thune indicating that a final vote before the summer recess looks unlikely.