Will XRP Price Hold Key 2024 Support Level as CLARITY Act Enters Pivotal Week?

$XRP price has dropped to test a 2024 support level following a 35% crash in the last three months. These losses have been driving a bearish sentiment from traders, with the funding rate remaining negative in the last two days. This signals a surge in short positions despite a potential shift in the US crypto regulatory framework this week as Congress resumes sessions after a two-week recess.