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Daily Market Briefing

Bearish

XRP drops 10% to $1.29 after Senate blocks CLARITY Act; Ripple maintains legal stance.

XRP experienced a significant decline of approximately 10%, falling to $1.29, following the U.S. Senate's decision to block the CLARITY Act. Despite this setback, Ripple asserts that the ruling does not alter XRP's established legal position.

Key points

  • XRP's price drops 10% to $1.29 after Senate blocks CLARITY Act.
  • Ripple maintains that CLARITY Act's failure doesn't affect XRP's legal standing.
  • XRP Ledger processes record 3,254 transactions; 2,000 were identical 1-drop payments.
  • XRP Ledger's daily activity remains above 2 million transactions.

Sources

AI-generated from public news sources. Not financial advice.

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