XRP fell 8% in 24 hours and over 10% for the week following the US Senate's failure to advance the Digital Asset Market CLARITY Act, driven by aggressive selling pressure.
Regulation & Gov ·
XRP declined 8% over 24 hours and more than 10% across the week after the US Senate rejected the Digital Asset Market CLARITY Act on Tuesday, with trading data showing cumulative volume delta reached negative 10.5 million as investors engaged in aggressive selling rather than routine profit-taking. The selloff reflected market expectations tied to the failed legislation, which would have split digital asset oversight between the SEC and CFTC. Despite the recent drop, XRP remains up 29% over 30 days, though it sits 56% below its level one year ago and roughly 65% below its all-time high of $3.65.