XRP Slides to $1.43 Ahead of U.S. Clarity Act Vote
Ripple (XRP) price is down 0.56% to $1.43 ahead of the U.S. Clarity Act vote, underperforming a flat market amid broad crypto risk-off sentiment sparked by hot inflation data.
The U.S. Senate Banking Committee is scheduled to hold a crucial markup vote on the [Digital Asset Market Clarity Act of 2025.
Macro pressure from hotter-than-expected U.S. Producer Price Index (PPI) data, which reduced rate-cut hopes and triggered a sell-off across risk assets, pulling Bitcoin and correlated alts like XRP lower.
The primary driver is market-wide risk aversion. The April U.S. PPI surged 1.4% month-over-month, far above the 0.5% forecast, hitting a 6% annual rate.
This stoked fears of persistent inflation, leading traders to price in a higher probability of Fed rate hikes. As a result, Bitcoin fell 1.41%, dragging down correlated assets like XRP in a broad liquidity-driven move.
XRP’s move was not coin-specific but a reaction to deteriorating macro conditions that reduce appetite for speculative assets. Traders said any shift in Fed rate expectations or upcoming U.S. economic data could alter liquidity sentiment.
XRP faced selling pressure after being rejected at the $1.50 resistance level, a key psychological and technical barrier noted in recent analysis.
The immediate catalyst is the U.S. Senate Banking Committee’s markup of the CLARITY Act on May 14. If XRP holds above the $1.40–$1.38 support zone, it could consolidate and attempt a breakout toward $1.50 on positive regulatory news.
However, if Bitcoin breaks below $79,000 and XRP loses $1.38, the next major support is $1.32. The trend remains cautiously bullish above $1.38, but a breakdown would signal deeper correction risk.
XRP Gains, Breaks $1.45 Resistance on Clarity Act Optimism
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