XRP Price Hit by Regulatory Uncertainty Ahead of Senate Deadline

The XRP price is currently trading at $1.37, down 3.1% in the last 24 hours, as regulatory uncertainty continues to affect the broader crypto market.

One regulatory event that could change this trend is the CLARITY Act, which would formally classify XRP as a digital commodity under federal law, placing it on the same statutory footing as Bitcoin and Ethereum. The bill has cleared the House with bipartisan support but has stalled in the Senate due to disagreements over stablecoin yields.

With macro headwinds still present and technical indicators deteriorating, the XRP price structure warrants a closer examination before assuming that a CLARITY Act bounce is already priced in.