Although the general expectations showed that the CLARITY Act didn’t have the best odds of passing the cloture vote on Tuesday, the actual confirmation was quite painful for most cryptocurrencies. However, XRP suffered a major blow, slumping by over 8% at one point and dipping below $1.30 to mark a monthly low.
Aside from the price dip, the correction resulted in cumulative volume delta plunging to negative 10.5 million, suggesting that the move was more than routine profit-taking.
With that regulatory shock now absorbed, we decided to ask ChatGPT about the asset’s future and the levels that can determine what happens next.
Regulation Delayed, Not Dead
The first major point the AI platform made is that the September 15 failure to advance in the US Senate doesn’t guarantee that the bill is scrapped. For now, it leaves more responsibility to the two largest watchdogs in the country, the SEC and the CFTC, which are already moving ahead with crypto rules under their existing authority.
Although agency rules can be changed more easily by a future administration, which makes CLARITY even more important, the situation for XRP is rather different. Ripple CEO Brad Garlinghouse stressed after the vote that the company’s business and momentum remain intact. Moreover, he reassured XRP investors that the asset’s existing US legal footing was not altered by the Senate setback.
After all, the token’s situation has improved significantly over the past several years, especially since the conclusion of the lawsuit between the SEC and the company behind it regarding its status. XRP also has institutional products already trading, with the ETFs attracting over $1.7 billion in less than a year.
Congress failing to agree on the key market structure therefore delays the next layer of certainty rather than removing the progress already made, said ChatGPT.
The Future Roadmap
The popular AI platform said it would expect the token to spend some time rebuilding confidence rather than immediately resuming the mid-August rally that drove it to $1.70. The most likely scenario, in its view, would be a period of consolidation around $1.25 and $1.50 while the market absorbs the vote and watches ETF flows.
A recovery above $1.50 would make a retest of the recent $1.70 high plausible, while renewed institutional demand and broader altcoin strength could eventually bring $2.00 back into play.
In contrast, the bearish scenario envisions XRP plunging to $1.20 if ETF flows deteriorate and the market loses further momentum.
The post Where Does XRP Go After the CLARITY Setback? ChatGPT Maps the Key Scenarios appeared first on CryptoPotato.