XRP slides more than 8% after U.S. Senate vote stalls Digital Asset Market Clarity Act
AI Market Summary
XRP sold off sharply after the U.S. Senate failed to advance the Digital Asset Market Clarity Act, removing a near-term path to clearer oversight boundaries between the SEC and CFTC. The setback revives regulatory uncertainty for tokens with elevated enforcement risk, prompting broader risk-off positioning across crypto and outsized pressure on XRP. Near-term trading may remain headline-driven as market participants reassess policy timelines and compliance assumptions.
Impact level
● High
Affected assets
XRP/USDT-8.90%
AI Insight · XRP/USDTAI Insight
▼ Bearish
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XRP came under sharp selling pressure after the U.S. Senate failed to move forward with the Digital Asset Market Clarity Act, a major crypto bill aimed at providing clearer rules for digital assets. The legislation did not reach the 60 votes required to advance, disappointing an industry that had expected greater regulatory certainty for cryptocurrencies including XRP.
The setback sparked a broader selloff across the crypto market, with XRP among the weakest large-cap tokens. XRP fell more than 8% in the past 24 hours and was trading at $1.29 at the time of writing.
If enacted, the Clarity Act would have helped define how oversight is divided between the SEC and the CFTC. For XRP, long entangled in regulatory disputes, the bill had been viewed as a step toward improved legal clarity. With the measure stalled, the sector remains dependent on existing agency guidance and future regulatory moves.
Price outlook (ChatGPT)
Technical indicators point to a cautiously constructive view despite the pullback. The base-case scenario calls for XRP to stabilize and consolidate between $1.25 and $1.40 as markets digest the failed vote. If sentiment improves and the broader crypto market recovers, XRP could climb back toward $1.50 to $1.70 in the months ahead. If risk appetite continues to weaken, the token could revisit the $1.15 to $1.25 area.
Technical setup
Despite the abrupt decline, XRP is still trading above key moving averages. The 50-day simple moving average is near $1.23 and the 200-day simple moving average is around $1.27. With price near $1.29, XRP remains above both levels, a sign the broader bullish structure has not broken even as near-term momentum softens.
The 14-day Relative Strength Index is 45.22, placing XRP in neutral territory. The reading reflects increased bearish pressure after the Senate outcome, but it remains well above the oversold threshold of 30, suggesting sellers have not fully taken control.
Featured image: Shutterstock
