Crypto
XRP Stalls at $1 as Senate Delays Clarity Act Vote Amid Macro Pressure
The US Senate's decision to delay the vote on the CLARITY Act has sent shockwaves through the crypto market, with XRP's price plummeting towards the critical $1 support level.
The act, which aims to provide clearer regulatory guidelines for digital assets like XRP, was expected to pass but its postponement until September 2026 has increased selling pressure and weakened risk appetite in the market.
XRP is still benefiting from positive ecosystem developments such as EU regulatory approval and reduced exchange-held XRP supply, but traders remain cautious and are focusing on near-term demand.
The next support level for XRP if it decisively breaks below $1 would be around $0.90, raising concerns about potential further downside.