9% Drop After CLARITY Act Setback

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Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

About Author

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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CryptoNews Editorial Team

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CryptoNews Editorial Team

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Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

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XRP is changing hands at $1.30, after a brutal overnight leg that saw the token shed more than 9% in less than 12 hours. XRP is volatile. But now, will $1.30 holds as anything more than a bounce point before the next leg down? Here’s our full XRP price prediction.

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A failed procedural vote on the CLARITY Act last night has reignited the regulatory ambiguity XRP has spent years trying to shed. Ripple CEO Brad Garlinghouse called the setback “stings’ in a same-day post on X, a rare public admission of frustration from a CEO usually disciplined about messaging.

Bitcoin dipped briefly below $75,000 before recovering, while Ethereum, BNB, and Solana slid 3-5%, confirming this was a market-wide risk-off event, not an XRP-specific breakdown.

Still, XRP’s decline outpaced the majors by a wide margin. That elasticity is the story. Regulatory clarity was priced in; its absence is now being priced out.

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XRP Price Prediction: Can Ripple Recover and Run to $1.50 This Week?

XRP trades at $1.30, down from an intraday low near $1.27 after the CLARITY Act news broke. Liquidity and open interest data suggest the selloff, while sharp, hasn’t triggered the kind of cascading liquidations that mark a true breakdown. The immediate technical battle is at the $1.30 level here, which flips from support to resistance if buyers can’t reclaim it convincingly.

Three scenarios frame the next move, all pinned to the Fed’s rate decision. A 25 basis point hike likely sends XRP toward the $1.00 psychological floor, with $1.21 and $1.10 as intermediate stops. An unchanged rate probably supports a reclaim of $1.30, with $1.36 and $1.45 as next resistance.

How about the best case? A surprise cut, although low probability, could open a path toward $1.60, then $1.68, potentially $1.86. Triangle-pattern analysis puts $2.19 on the table if resistance clears, though that scenario currently sits well outside base-case odds.

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Discover: The Best Token Presales

Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels

A 9% overnight drop on a top-five asset is a reminder of how exposed large-cap crypto remains to single legislative headlines. Traders who bought the CLARITY Act narrative are now underwater, waiting on a Fed decision they can’t control.

This is the pain point, and it’s exactly the kind of setup that pushes capital toward assets with no regulatory overhang and no $1.30 resistance ceiling to fight through.

Enter Maxi Doge ($MAXI), a meme token built around leverage-trading culture rather than legal precedent. The project has raised $4.8 million in presale funding at a current price of $0.0002839, with a huge 65% APY staking already live only for early holders.

Its identity leans into gym-bro absurdity (240 lbs of “1000x leverage” energy, holder-only trading competitions, a treasury fund for liquidity and partnerships), but the mechanics are straightforward presale economics.

Research Maxi Doge before the next presale tier prices in.

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