XRP STALLS AT $1.03 — CLARITY ACT DELAY HITS HARDEST!
XRP is the weakest major cryptocurrency, trading near $1.03–$1.06 and down roughly 43% from its January high of $2.41. The token is trading at a -0.43% discount in South Korea.
Why XRP Is Getting Hit Hardest:
· XRP is the most sensitive to the CLARITY Act delay — it would clarify whether XRP is a commodity
· The Senate has postponed the vote until September 14
· XRP ETF inflows plunged to just $1.01 million for the week
· Ripple's 1 billion XRP unlock at the start of August added supply pressure
The Bright Side: Ripple locked 700 million XRP back into escrow immediately, cutting net new supply. XRP is holding above the $1.00 psychological floor.
$CL
Key Level: Support at $1.00**; resistance at **$1.10.
#XRP #Ripple #CLARITYAct #Regulation #Altcoins
XRP is the weakest major cryptocurrency, trading near $1.03–$1.06 and down roughly 43% from its January high of $2.41. The token is trading at a -0.43% discount in South Korea.
Why XRP Is Getting Hit Hardest:
· XRP is the most sensitive to the CLARITY Act delay — it would clarify whether XRP is a commodity
· The Senate has postponed the vote until September 14
· XRP ETF inflows plunged to just $1.01 million for the week
· Ripple's 1 billion XRP unlock at the start of August added supply pressure
The Bright Side: Ripple locked 700 million XRP back into escrow immediately, cutting net new supply. XRP is holding above the $1.00 psychological floor.
$CL
Key Level: Support at $1.00**; resistance at **$1.10.
#XRP #Ripple #CLARITYAct #Regulation #Altcoins