XRP Price Slides as Senate Drops Clarity Act and Fed Decision Looms
In briefXRP is trading at $1.06, off nearly 8% over the past week.The movement happens as the U.S. Senate shelved the Clarity Act before its August recess and global markets braced for the Feds July 29 rate decision.XRPs technicals are almost uniformly bearish: a confirmed death cross, RSI at 40.9, negative Squeeze momentum, and a composite score of -63%—the only technical lifeline is that it is deeply oversold. The global macro backdrop is as unfavorable as its been all year for crypto markets. New Federal Reserve Chair Kevin Warsh, in only his second FOMC meeting, is widely expected to hold rates at 3.50%–3.75%, but CME FedWatch put hike odds near 38% as recently as last weekend—the highest of this cycle. Even a hawkish hold can rattle risk assets. Bitcoin is parked near $63,400–$64,000, well below its June highs around $80,000, and altcoins are taking the brunt. XRP, the cryptocurrency developed by the founders of payments company Ripple, had a moment of optimism this month that now feels like a distant memory. As Decrypt reported on July 21, the coin cautiously jumped 3.25% to $1.1485 when reports broke that President Donald Trump had agreed to the Clarity Acts long-stalled ethics provision, briefly nudging Senate









