XRP fell more than 9% in less than 12 hours, dropping to around $1.30 from an intraday low near $1.27 after a failed procedural vote on the CLARITY Act. Ripple CEO Brad Garlinghouse publicly expressed his frustration over this regulatory setback that reignites legal uncertainty around the token. Bitcoin briefly dipped below $75,000 before recovering, while Ethereum, BNB, and Solana declined 3-5%, indicating a market-wide risk-off event rather than an XRP-specific breakdown. Liquidity and open interest data suggest the selloff, though sharp, has not triggered the cascading liquidations typical of a true breakdown. The technical battle is now centered at the $1.30 level, which could flip from support to resistance if buyers cannot convincingly reclaim it.
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