XRP Loses 8.2% on Major U.S. Regulatory Setback
Ripple (XRP) price slumped by 8.18% to $1.29 in 24 hours, significantly underperforming a broadly weaker crypto market, driven by a major U.S. regulatory setback.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act in a 49–50 procedural vote on September 15, postponing any comprehensive market-structure legislation until at least 2027.
The comprehensive cryptocurrency legislation backed by President Donald Trump failed to scale in a major blow for digital asset companies and Republicans who had championed the bill for months.
The bill, called the Clarity Act, fell 10 votes short of reaching the 60-vote threshold needed to advance most legislation in the 100-seat chamber, as four Republican senators — Jerry Moran, Susan Collins, Josh Hawley and Thom Tillis — joined all the Democrats in voting against it.
This directly impacted XRP, which had rallied ahead of the vote on regulatory hopes, leading to a violent unwind of speculative long positions. The move highlights XRP’s acute sensitivity to U.S. regulatory developments.
Despite Ripple’s legal team asserting the token stands on “settled ground,” the market priced in immediate disappointment.
The sell-off was not isolated. Bitcoin fell 1.61%, and other majors like Cardano (ADA) dropped over 5%, indicating a risk-off rotation out of altcoins.
Technically, XRP broke below its 7-day and 30-day moving averages (~$1.36), with the RSI-14 at 45.22 showing bearish momentum. The spot Cumulative Volume Delta (CVD) cratered to -10.5 million, signaling aggressive institutional selling.
XRP’s higher beta amplified the market’s downturn, and the volume-confirmed breakdown suggests the bearish move has conviction.
The immediate focus is the Federal Reserve’s rate decision expected later on September 16, with markets pricing in a high probability of a 25-basis-point hike. This macro pressure could sustain headwinds for risk assets like XRP.
If XRP finds support at the 61.8% Fibonacci retracement level near $1.25 and the Fed’s tone is less hawkish than feared, technical traders said a period of consolidation between $1.25 and $1.42 is likely.
However, a decisive break below $1.25 opens the path toward the next key support at $1.14. The trend is bearish in the short term, with price action heavily dependent on the macro outcome and whether the intense selling pressure subsides.
XRP’s sharp decline was catalysed by a specific regulatory disappointment, then accelerated by broader market weakness and technical selling. The token remains in a precarious position until macro and regulatory clouds clear. Ripple’s CEO Sees XRP Hitting $10trn Market Cap
