Ripple ( $XRP ) remains in bearish hands on Thursday, trading near $1.30 while bulls defend a short-term moving average support cluster. Since Monday’s uptick to $1.50, the token has continued to face headwinds, primarily because the United States (US) Senate failed to advance the CLARITY Act and the Federal Reserve (Fed) raised interest rates by 25 basis points to the 3.75%-4.00% range. Despite the regulatory setback, Ripple said XRP is legally grounded thanks to its long court battle with the Securities and Exchange Commission (SEC), whose ruling established that the token is not a security $BTC #BTC Price Analysis# #Macro Insights#