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XRP Stuck in Bearish Channel as Regulatory Uncertainty Lingers

Guavy AI Editorial Team
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XRP LUSD
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XRP extended its slide this week, trading within a persistent bearish channel as traders weighed heavy technical resistance against a potentially market-moving U.S. regulatory vote.

The token has been struggling to break out of the low-$1 range, with on-chain and ecosystem developments around Ripple's RLUSD stablecoin continuing to accelerate.

According to CoinMarketCap data, XRP was trading around $1.0632 at the time of writing, down 4.05% over the past 24 hours and 4.63% over seven days.

The market is focusing on two variables: how U.S. lawmakers advance the Clarity Act and whether price can convincingly clear the $1.14 resistance zone.

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