XRP plunged 5.5% this week, leading major losses after the Senate delayed the Crypto Clarity Act vote until September.
This bill, meant to clarify US digital asset oversight, faces an uphill battle. Republicans oppose it; Democrats want stricter rules to prevent a Trump crypto profit.
Our take: This is political theater, not a fundamental shift. The bill was always a long shot. The delay doesn't change XRP's underlying sentiment. Price action reflects short-term uncertainty, not a structural problem.
XRP sits at $1.02. Reclaim the EMA20 at $1.04 or risk a deeper slide.
$XRP $ETH
This bill, meant to clarify US digital asset oversight, faces an uphill battle. Republicans oppose it; Democrats want stricter rules to prevent a Trump crypto profit.
Our take: This is political theater, not a fundamental shift. The bill was always a long shot. The delay doesn't change XRP's underlying sentiment. Price action reflects short-term uncertainty, not a structural problem.
XRP sits at $1.02. Reclaim the EMA20 at $1.04 or risk a deeper slide.
$XRP $ETH