XRP Price Faces Downward Pressure Following CLARITY Act Setback

XRP price declined on Wednesday as regulatory disappointment and monetary concerns weighed on the digital asset market. The token dropped from a recent high of $1.45, briefly falling below $1.23 before a slight recovery. Meanwhile, Bitcoin hovered near $75,700, Ethereum traded around $2,390, and Solana changed hands near $97, with the total crypto market capitalization decreasing by 1.44% over 24 hours.