XRP Faces Pressure Amid Bitcoin Decline, Potential Rally Tied to Upcoming Senate Meeting

XRP has been experiencing pressure alongside Bitcoin's recent downturn. According to NS3.AI, the cryptocurrency could see a rally following the U.S. Senate's closed-door meeting scheduled for February 10, which will focus on advancing the Clarity Act. This legislative proposal aims to create a unified regulatory framework for cryptocurrencies, potentially alleviating skepticism surrounding XRP due to its classification issues with the SEC. Industry leaders stress that clear crypto regulations are essential for market growth, which could position XRP for a potential recovery.