XRP Slips as Senate Pulls Clarity Act and Markets Brace for Fed Call

XRP has moved lower after the U.S. Senate removed the closely watched Clarity Act from its agenda, a step that adds to regulatory uncertainty for the crypto sector as investors also await the Federal Reserve's next policy decision. The Clarity Act, a crypto market-structure proposal, had advanced to the Senate Legislative Calendar after clearing the Senate Banking Committee. Its sudden removal has unsettled sentiment, particularly for XRP, which traders often view as highly sensitive to U.S. regulatory signals and broader macro conditions. Attention is also centered on the Fed's upcoming announcement. Recent hawkish policy expectations have coincided with pullbacks across major digital assets, including XRP, and current pricing suggests traders are positioning cautiously ahead of the decision. Prediction-market indicators point to limited confidence in a near-term rally. The implied odds of XRP reaching $3.00 by August 1, 2026, remain extremely low. For July, pricing suggests less than a 1% chance of XRP hitting $3.00, signaling that market participants see steep obstacles to a short-term surge amid regulatory and economic overhangs. Key Takeaways - Market positioning has turned more cautious on XRP after the Senate dropped the Clarity Act. - Traders appear to be factoring in downside risk tied to the Fed's imminent policy decision. - Market odds imply a sub-1% chance of XRP reaching $3.00 in July. What to Watch - Any new U.S. legislative or regulatory initiatives that emerge after the Clarity Act's removal. - The Federal Reserve's policy statement and guidance, which could sway crypto risk appetite. - Broader market reaction across digital assets that could reshape XRP's near-term path. Get live prediction-market analysis, powered by Vera. Sign up for Vera.