XRP: Slides as Senate Drops Clarity Act

XRP price slipped to $1.06 after the Senate dropped the Clarity Act and traders braced for the next Fed decision. The move echoes the sharp XRP price reaction to regulatory news seen over the past year when policy signals triggered rapid volume spikes.

Price sits inside the Bollinger band with lower support at $1.05 and upper resistance at $1.13. The bearish structure holds as price trades below both EMA50 at $1.1 and EMA200 at $1.11, while the MACD death cross at -0.01 and RSI at 33.71 keep momentum negative. A test of the 50-EMA resistance remains the next key level before any sustained recovery in this crypto market volatility environment.