XRP Traders Left Hanging as Senate Delays Clarity Act Vote

XRP traders are at a crossroads as the Senate's delay on the Clarity Act has left the market-structure bill uncertain. The token fell 2.05% in 24 hours to $1.02, making it the only major coin to close red among the top 10.

The delay is significant for XRP, which had been rallying based on a potential reclassification under the Clarity Act as a non-security, thus falling under the CFTC's purview rather than the SEC's. This would settle years of litigation and provide clarity for exchanges, custodians, and regulators.

However, without the Clarity Act, XRP remains in legal limbo. The token's price chart is bearish, with a confirmed death cross and a momentum gauge reading 35.9 on the Relative Strength Index. Prediction market traders are optimistic but the current trend suggests room for more downside before buyers step in.