cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

XRP Price Slides on CLARITY Delay as Analyst Flags Weak August Trend

-

by

cryptd.in
in

XRP fell on August 7 after the US Senate delayed a vote on the CLARITY Act until September, adding new pressure to a token that had already been losing ground against Bitcoin (BTC) for weeks.

The setback has renewed attention on historical price trends, with analyst ChartNerd arguing that August has consistently been a difficult month for XRP during US midterm election years.

XRP Faces Selling Pressure After Senate Delays CLARITY Vote

ChartNerd wrote on X that XRP was “already bleeding” after news emerged that the Senate had postponed consideration of the CLARITY Act until after the summer recess.

Journalist Eleanor Terrett 보고 that sentiment across the crypto industry was mixed following the decision to push the vote into September, with some participants frustrated while others remained hopeful that lawmakers would make the bill a priority when Congress returns. Digital Chamber CEO Cody Carbone said the industry would continue working to secure enough support for a successful vote after the recess.

Bitwise CIO Matt Hougan had 말했다 that failing to pass the CLARITY Act before Congress leaves for recess would likely weigh on sentiment in the near term, although he contended that clearer expectations could leave the market better positioned later in the year. He also noted that regulatory action from the SEC could still provide guidance even if the legislation is delayed.

“Weak hands are selling today,” noted ChartNerd, as Hougan’s assessment became a reality. However, he argued that Bitcoin and Ethereum (ETH) had yet to see similar selling and warned that XRP could face more downside before conditions improve.

In another post, he described the move as typical for August, telling traders to focus on historical data rather than emotion. The historical data he shared showed that the Ripple token posted negative August returns during every previous US midterm year, falling 5.7% in August 2014, 23.0% in 2018, and 13.7% in 2022. This produced an average drop of about 14%.

According to the analyst, the current weakness fits that historical pattern and does not represent any new development.

Analyst Keeps Long-Term View Despite Near-Term Weakness

CoinGecko data showed XRP trading at around $1.02 at the time of writing, down 3.0% in 24 hours and nearly 6% across the week. Trading volume climbed more than 14% to about $1.33 billion, suggesting that selling activity picked up as prices slipped.

The broader crypto market was also slightly weakened, with the total market cap down 0.6%, while BTC held around $64,000 and Ethereum sat close to $1,900 with barely any movement.

Even with the latest decline, ChartNerd has not abandoned his longer-term outlook. Earlier this week, he argued that XRP is inside a large cup-and-handle formation stretching back more than eight years, with possible long-term targets at $8, $13, and $27 if the broader pattern eventually plays out.

At the same time, he acknowledged that short-term trading could be difficult and has previously said that the asset could spend much of the rest of the year consolidating around the $1 level before any sustained recovery can start.

게시물 XRP Price Slides on CLARITY Delay as Analyst Flags Weak August Trend 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.