Ripple (XRP) is consolidating around the mid-$1.30 range after a sharp three-day selloff, with traders focused on whether the token can hold a key support band near $1.30–$1.32. The move matters because a confirmed breakdown below that zone could open the door to another leg lower, while a recovery would likely depend on broader market stabilization led by Bitcoin (BTC).
The CLARITY Act just cleared the Senate Banking Committee in the most significant regulatory breakthrough for crypto in US history. Bitcoin should be rallying, but instead it is down $6,000 since the vote advanced the bill to the full Senate, wiping $126 billion from its market cap. Ethereum fell more than 10%, erasing $30 billion.
Leading cryptocurrencies stagnated, while stocks closed lower on Monday after President Donald Trump hinted at a “large-scale” assault on Iran.
Ripple (XRP) is hovering in a tight range after a prolonged downtrend, with major AI models broadly agreeing that the token is stuck in a ‘bearish-leaning consolidation' where the next move hinges on whether key support holds. As of Tuesday UTC, XRP was trading around $1.39, repeatedly oscillating inside a narrow $1.37–$1.42 band.
Japans bond market is experiencing its most severe pressure in decades, raising concerns about a potential global financial ripple effect that could impact interest rates, currencies, credit markets, and investor confidence worldwide. The countrys 30-year government bond yield recently surged above 4% for the first time since its launch in 1999, while the 10-year yield climbed to levels not seen since the late 1990s.
Ripple Chief Technology Officer Emeritus David Schwartz has sparked debate across the XRP community after calling the idea of treating meme coins as investments distasteful. The longtime Ripple executive, widely known on X as JoelKatz, made the comments during a discussion surrounding the FUZZY meme coin on the XRP Ledger (XRPL).
XRP continues to show stronger price stability compared to many major altcoins, even as the broader cryptocurrency market struggles to regain bullish momentum. While assets like Ethereum (ETH) and Shiba Inu (SHIB) have experienced sharper declines, XRP has managed to stay within its recent trading range, signaling relative resilience during ongoing market uncertainty.
A U.S. XRP spot ETF reportedly recorded $750,400 in single-day net inflows, a modest but notable data point as the market continues to track early demand signals for newly launched crypto ETF products.
With the US Digital Asset CLARITY Act inching closer to becoming law, many investors and supporters are eager to know how it could shake things up for XRP. A crypto analyst has broken down the specific sections of the bill that could directly impact XRP, Ripple, and its stablecoin RLUSD.
XRP consolidates near $1.43 as on-chain activity drops and derivatives leverage hits multi-month lows
Ripple APAC VP notes that in low-interest economies like Japan and Korea, retail investors are increasingly turning to alternative assets, and XRP is emerging as a potential store of value filling that gap.
XRP price dropped 2% on May 18, sliding to $1.3865 as traders sold aggressively into the $1.42 resistance zone. XRP fell as traders took profits aggressively after another failed push above $1.42, knocking the token back below $1.