The price of XRP plummeted towards $1.00 after the US government delayed the CLARITY Act, which aimed to clarify anti-money laundering regulations for cryptocurrency companies.
Source
"Ripple Price Target Remains High Amid Delayed Clarity Act" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The act's delay sent shockwaves through the market, causing XRP to drop sharply in value. However, one analyst remains steadfast in their long-term outlook for the asset.
XRP · 7D · $1.03−2.9%