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Bernstein tells clients to stay bullish on crypto stocks even as the CLARITY Act's failure hit token prices directly.
XRP dropped 10% after the CLARITY Act failed a vote, though Bernstein analysts told clients the setback does not change their bullish view on crypto-linked equities.
The token trades near a 52-week low around $1 with analysts arguing valuation remains unattractive even after the drawdown, signalling continued unwinding of speculative crypto positioning
XRP is trading near a 52-week low of approximately $1, with commentary suggesting the asset may not represent value even at that level. The decline reflects broader risk-off dynamics in digital assets and stands in contrast to resilient equity index levels.
Bitcoin nurses losses amid a cluster of headwinds as ETF flows dry up and traditional risk markets offer no offsetting bid, leaving altcoin liquidity dangerously thin.
Digital assets are under coordinated pressure as a deteriorating regulatory backdrop combines with anemic spot ETF creations and a risk-neutral equity tape. XRP's slide toward the $1 threshold marks a psychologically important level for the broader altcoin complex.