XRP faces downward pressure and a new $1.20 price target after the CLARITY Act failed to pass the Senate, stalling institutional momentum and shifting focus to macroeconomic headwinds.
XRP dropped 7.98% after the CLARITY Act failed, and ChatGPT's 90-day forecast projects further downside to a central estimate of $1.20 amid slowing ETF inflows.
Goldman Sachs is mentioned as a major professional holder of XRP ETFs, but the CLARITY Act failure does not materially change its outlook.
XRP dropped 7.98% following the Senate's 49-50 procedural rejection of the Digital Asset Market Clarity Act. With legislative certainty removed, analysts have recalibrated expectations, as ChatGPT projects a 90-day central estimate of $1.20 amid cooling ETF inflows and potential further Federal Reserve rate hikes.
The price fell 7.98% because the market had priced in the passage of the Digital Asset Market Clarity Act, which would have codified XRP's status as a commodity into federal law.
Institutional demand is slowing, with weekly ETF inflows dropping to $19 million and retail investors currently accounting for 84% of total inflows.