XRP Rises Over 7% Despite CLARITY Act Setback
XRP rebounded more than 7% in the wake of a failed Senate vote on the CLARITY Act and the Federal Reserve's first rate hike since 2023. The cryptocurrency briefly dipped to $1.27 after the bill narrowly missed passage, but has since climbed back toward $1.39 with strong trading volume near its 30-day average. Whale activity on Binance reached six-month highs and futures open interest increased, signaling renewed large-scale participation in XRP markets. The broader crypto market also saw gains across major assets like Bitcoin, Ethereum, and Solana, pushing the altcoin market cap to an eight-month high of $222 billion. Analysts are watching for a potential inverse head-and-shoulders pattern on price charts that could signal further upside if confirmed. XRP remains 62% below its all-time high but appears resilient against recent regulatory and macroeconomic pressures.
Tickers: $XRP
Topics: CLARITY Act Price Recovery Regulatory News XRP