XRP's CLARITY Act Hopes Rest on Tuesday's Procedural Vote

XRP is facing a critical test as the CLARITY Act procedural vote on Tuesday could unwind bullish positioning built ahead of the closely watched crypto legislation.

The Bitrue Research Institute notes that Binance liquidation data shows leveraged positioning is skewed to the downside, leaving XRP vulnerable if the Senate vote fails or is delayed.

The failure of the CLARITY Act could remove a near-term tailwind for XRP just as leveraged longs sit near a key liquidation zone. Bitcoin's weakness and the Fed decision could also add pressure on XRP, with support near $76,000 a key level to watch.

A failed vote could trigger additional liquidations, exposing $1.30-$1.32 if the price breaks below $1.38-$1.39. A push through this range could be required to turn a positive vote into a more sustained breakout.