XRP Struggles at $1 Amid Market Uncertainty and Regulatory Risks
XRP is trading near $1.07 as investors remain cautious ahead of the U.S. Federal Reserve's interest rate decision and the delayed 'Clarity Act' in the Senate, which could clarify XRP's regulatory status.
The token has seen limited price movement within a narrow range due to broader market risk aversion and uncertainty over the Clarity Act. Ripple is expanding its stablecoin RLUSD and payments infrastructure, but these developments have yet to boost XRP's price significantly.
Traders are closely watching the Fed's guidance, the Senate's legislative timeline, and Ripple's ecosystem growth to gauge XRP's next trend direction.