XRP fell about 8% in 24 hours after the US Senate failed to advance the Digital Asset Market CLARITY Act, making it one of the weakest performers among leading cryptocurrencies. The token dropped from around $1.46 to near $1.27, while analyst Xaif Crypto said its cumulative volume delta (CVD), a measure of buying and selling pressure, fell to negative 10.5 million. The bill’s cloture vote received 49 votes, short of the 60 required. All supporting votes came from Republicans, while four Republicans opposed it and Senators Gillibrand, Warner, Booker, Warnock, Gallego, Alsobrooks and Cortez Masto also voted no. The legislation would divide digital-asset oversight between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator) and establish federal registration for exchanges, brokers and dealers. XRP was around $1.28 at the time of writing, down more than 10% over seven days but still up close to 29% over 30 days. It remained down more than 56% over one year and about 65% below its July 2025 all-time high of $3.65. Bitcoin fell about 2% to near $75,000, Ethereum dropped close to 4% to below $2,400, and other major tokens also declined. Ripple CEO Brad Garlinghouse said the setback did not change XRP’s legal position and that his company has never been stronger.