XRP Price Tanks on Regulatory Delay and Institutional Selloffs

XRP's price plummeted to $1.02, a new low, after institutional investors pulled out amid high volatility.

The U.S. Senate delayed its vote on the CLARITY Act, which would provide regulatory clarity for digital assets like XRP, until after its August recess.

This delay removes an immediate catalyst for regulatory clarity, prolonging uncertainty and chilling institutional demand.

XRP's price action is highly sensitive to U.S. regulatory developments, and the absence of positive news has allowed selling pressure to dominate.