XRP Price Slump: Senate Rejects Clarity Act as Fed Decision Looms
XRP is facing a significant downward trend as the U.S. Senate fails to advance the Clarity Act, leaving the crypto market in a regulatory limbo. With traders bracing for the upcoming Fed decision, the XRP price action is showing a critical lack of support zones, heightening the risk of further liquidations.
The combination of legislative inaction and macroeconomic uncertainty is creating a perfect storm for volatility. As the market awaits signals from the Federal Reserve, the absence of a clear regulatory framework for digital assets like XRP could lead to prolonged bearish sentiment across the broader crypto market.
The XRP price is sliding as the Senate drops the Clarity Act and a pivotal Fed decision looms. The Senate has effectively kicked the can down the road, the Fed has traders on edge, and XRP's charts are running out of support zones to fall back on, signaling potential further downside.
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