XRP Price Stabilizes Amid Regulatory Uncertainty and Expected Hawkish Fed Moves
XRP's price volatility has significantly decreased ahead of the US Senate's vote on the CLARITY Act and the Federal Reserve's interest rate decision. As a result, the price is stabilizing around $1.34-$1.37.
This low volatility phase for XRP has historically led to extended sideways trading periods lasting up to 240 days.
Market participants are cautious due to regulatory uncertainty and expected hawkish Fed moves amid rising inflation. This has caused a freeze in activity, with XRP holders withdrawing coins from exchanges as they await upcoming news that will likely determine the next price direction.