XRP Slumps 6.4% Amid Regulatory Uncertainty and Stalled Upgrade

XRP's price dropped by 6.4% over the last ~19 hours due to a confluence of regulatory, technical, and macro factors.

The decline was largely tied to rising disappointment and uncertainty around the U.S. Senate's CLARITY Act vote, which weakened the earlier 'regulatory relief' narrative for XRP.

XRP rallied intraday on news about the XRP Ledger's Batch V1.1 upgrade, but quickly reversed lower when it stalled at 77% validator support, one vote short of activation.

The risk-off macro backdrop and position clean-up also amplified the downside, with traders reducing exposure to higher-risk altcoins, including XRP.