XRP slid 1.26% to $1.09 on Monday, tracking a broader crypto market that shed 1.42% to $2.18 trillion over 24 hours. Bitcoin fell 1.24% in the same period. The sell-off comes as the CLARITY Act — a bill that could reshape how digital assets are classified — approaches a make-or-break deadline, adding a fresh layer of regulatory uncertainty to an already jittery market.
Why XRP is under pressure
Rising Treasury yields and ongoing geopolitical risks are pushing investors toward less risky assets, and crypto isn't escaping the rotation. XRP had been trading near $1.12 before the pullback, so the move wipes out recent gains. The broader risk-off mood is hitting altcoins harder than Bitcoin, though BTC's own 1.24% drop shows no one's immune.
The CLARITY Act clock
The CLARITY Act is approaching a make-or-break deadline, and the uncertainty is weighing on sentiment. The bill would clarify whether XRP and similar tokens are securities or commodities — a question that's dogged Ripple for years. With the deadline looming, traders are pricing in the possibility of a regulatory shakeup that could go either way. The timing isn't great: a market already nervous about macro headwinds now has to factor in a legislative wildcard.
The CLARITY Act's fate will likely be decided in the coming weeks. If it passes, XRP could get a clear regulatory path. If it stalls or fails, the legal fog persists. For now, the market is watching the calendar as closely as the order books.
