XRP price faces volatility after CLARITY Act setback

XRP dropped over 9% in less than 12 hours to trade at $1.30 following the failure of a procedural vote on the CLARITY Act. Ripple CEO Brad Garlinghouse expressed frustration over the legislative delay. While the decline was part of a broader market-wide risk-off event, XRP's drop outpaced other major assets. Analysts are monitoring the $1.30 level as a critical technical battleground ahead of the upcoming Federal Reserve rate decision.