XRP dropped 8% below $1.30 after Senate failed to advance the CLARITY Act; Ripple CEO maintains legal standing is unchanged while ChatGPT predicts consolidation between $1.25–$1.50.
Regulation & Gov ·
XRP fell over 8% to below $1.30 after the Senate did not advance the CLARITY Act on September 15, marking a monthly low and drawing stronger losses than other major cryptocurrencies. Ripple's CEO stated the company's business momentum and XRP's existing legal standing in the U.S. remained unchanged by the Senate vote. Trading scenarios suggest the asset may consolidate between $1.25 and $1.50 as the market adjusts, with a recovery past $1.50 potentially leading to a retest of the prior $1.70 level, though a bearish case could push it toward $1.20.