XRP Slumps Amid US Regulatory Uncertainty

XRP's price has been declining due to regulatory uncertainty in the US. The Clarity Act, which aims to regulate cryptocurrencies, is set to be voted on, and investors are cautious ahead of this decision.

Despite growing on-chain activity and Ripple's launch of institutional tools like Ripple Mint, XRP faces strong technical resistance near $1.14 and support around $1.01-$1.04. Trading volume has spiked, reflecting short-term interest, but broader market uncertainty and Bitcoin dominance limit altcoin gains.

The upcoming regulatory decision will be key to XRP's near-term price direction. If the Clarity Act passes, it could provide clarity on crypto regulations and potentially boost XRP's price.