XRP led a broad cryptocurrency sell-off Wednesday morning, plunging nearly 10% to $1.30 during Asian trading hours after the U.S. Senate failed to advance the Clarity Act, according to CoinDesk data. Major Tokens Slide Across the Board Ether followed with a decline of nearly 5% to approximately $2,410. Solana dropped 5% to just above $97, ...
Bitcoin, Ethereum, XRP Face Selling Pressure After Senate CLARITY Act Vote Fails Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP came under fresh selling pressure Thursday after the U.S. Senate failed to advance the CLARITY Act, a key piece of digital-asset market structure legislation. Senate Procedural Vote Falls Short of 60-Vote Threshold A procedural ...
Senate Prepares for CLARITY Act Vote as XRP Eyes Breakout The United States Senate is scheduled to vote on the CLARITY Act, a development coinciding with technical signals suggesting XRP is positioning for a potential price breakout. Analyst CasiTrades Weighs in on XRP Outlook Crypto analyst CasiTrades indicates there is potential for more significant price ...
A pivotal week is unfolding for Bitcoin and the broader cryptocurrency market, with a convergence of major financial events and key technical setups drawing intense trader focus. The calendar kicks off on September 15 with the highly anticipated Clarity Act vote, followed by the Federal Reserve’s interest rate decision on Wednesday. Against this macroeconomic backdrop, ...
Attorney Bill Morgan stated that the newly released final text of the CLARITY Act resolves a long-standing debate in the cryptocurrency sector. He asserted that XRP will be classified as a commodity in secondary markets irrespective of the volume of supply Ripple continues to hold. “Deal with it Bitcoin maxis,” Morgan wrote, referencing critics who ...
Bitcoin, Ethereum, and XRP are bracing for a fresh macroeconomic headwind as market-implied odds of a Federal Reserve rate hike at the September 16 Federal Open Market Committee (FOMC) meeting have climbed sharply. Bitcoin Faces Key Test Ahead of September FOMC Decision According to the CME FedWatch Tool, the probability of a 25-basis-point increase has ...
XRP’s brief August rally has lost momentum, with the token’s price retreating to the $1.34–$1.37 range. Daily volatility has nearly evaporated, evidenced by Bollinger Bands tightening into a narrow horizontal line on the daily chart, according to TradingView data. Historically, this state of “anti-volatility” signals only one outcome for XRP: the market is hitting pause. ...
XRP Weekly Super Trend Flips Bullish, But Analyst Warns of Historical Pattern XRP’s weekly Super Trend indicator turned bullish on August 17 after the token rallied roughly 70% from $0.98 to $1.70. However, analyst ChartNerd cautions that this exact signal has marked local tops before deep pullbacks in every previous cycle dating back to 2019, ...
Escalating tensions between the United States and Iran have renewed interest in an Iran-backed study examining Ripple’s XRP for cross-border payments. The research has resurfaced as financial sanctions and disruptions to international money transfers dominate headlines, drawing fresh scrutiny to the digital asset’s potential utility in restricted financial corridors. Sanctions Pressure Highlights Alternative Payment Rails ...
Senate Republicans have circulated a revised 630-page version of the CLARITY Act mere days before a pivotal procedural vote that could shape the regulatory future of the broader cryptocurrency market, including major assets such as Bitcoin, XRP, and Ethereum. Partisan Dynamics Remain Unresolved Journalist Brendan Pedersen reported Thursday that the latest legislative text remains a ...
Bitcoin, Ethereum, and XRP extended their losing streak on Thursday after fresh U.S. inflation data fueled speculation that the Federal Reserve will raise interest rates at its upcoming policy meeting. The renewed sell-off across major cryptocurrencies highlights the asset class’s continued sensitivity to macroeconomic shifts and central bank signaling. Inflation Data Triggers Rate-Hike Bets The ...
XRP Price Potential Tied to Tokenized Asset Growth on XRP Ledger, Analysts Say Crypto analysts tracking XRP’s institutional infrastructure argue the token’s path to triple-digit prices depends on a single metric that remains far from target levels: the total value of tokenized assets actually deployed on the XRP Ledger. Current Ledger Metrics Show Concentrated Activity, ...