The delay of the US CLARITY Act penalized several altcoins last week, with XRP recording the steepest decline among large-cap cryptocurrencies. XRP’s price slipped to just over $1, while BTC and ETH held their supports at $64,000 and $1,900 respectively. According to ChatGPT, XRP is not necessarily doomed to fall below $1, but the risk has increased due to its strong ties to US regulatory developments. Ripple has continued its expansion with partnerships, acquisitions, and regulatory wins in other jurisdictions, which could support the price. Analysts believe that a dip below $1 could open the door to a stronger rally going forward.
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