XRP slipped nearly 3% after the U.S. Senate voted down the Clarity Act, leaving the regulatory outlook uncertain just days before the Federal Reserve's key announcement. This move dampened investor enthusiasm, triggering a broader ripple across altcoins.
While Bitcoin and Ethereum fell by 1.7% and 1.2% respectively, XRP's sharper decline at 2.97% highlights how geopolitical and regulatory events continue to dictate market sentiment. The Clarity Act, aimed at providing precise guidelines for digital assets, was seen by many as a path to reduce regulatory risk for cryptocurrencies like XRP.
Investors now brace for the Federal Reserve's upcoming decision, which could influence liquidity and risk appetite across crypto markets. The refusal to pass the bill leaves XRP vulnerable amid an already choppy trading environment, reminiscent of the key levels Bitcoin, Ethereum, and XRP have been juggling recently.
