thecryptobasic.com
The $XRP spot CVD has collapsed amid heavy selling pressure after the U.S. Senate failed to advance the CLARITY Act through a key cloture vote.
For context, $XRP fell more than 10% from around $1.40, and its spot Cumulative Volume Delta (CVD) on Bybit dropped to -10.575 million.
In addition, the broader crypto market also fell after the result. Notably, the total crypto market cap lost $88 billion on Sept. 15, marking its biggest intraday decline since early June 2026.
Bitcoin dropped 3.26% to below $76,000, while Ethereum fell 4.66% to $2,300. Meanwhile, $XRP ended the day down 9.81%, marking its largest daily decline since the 19% crash on Feb. 5.
Clarity Act Fails to Advance in Senate
For context, the U.S. Senate held its cloture vote on the Clarity Act on Sept. 15. The bill required about 60 votes to move forward to formal debate, but only 50 senators voted in favor, and 49 voted against it.
The result stopped the legislation from moving ahead and dealt a major setback to efforts to establish a broader federal framework for digital assets in 2026.
Senator Thom Tillis changed his vote from yes to no at the last moment. Other Republicans, including Senators Josh Hawley, Susan Collins, and Jerry Moran, also did not support the bill.
Republican leaders had continued changing the bill in the final days to gain more Democratic support. The latest changes included new ethics rules aimed at stopping senior government officials from profiting from crypto ventures.
However, those changes did not produce enough votes. The legislation had already gone through more than 120 changes to address Democratic concerns, while the crypto industry had spent large funds supporting the effort.
$XRP CVD Shows Sharp Selling Shift
$XRP’s spot order flow switched directions immediately after the vote. Before the result, the $XRP chart on Bybit showed CVD at 6.512 million. This reading confirmed that aggressive buyers had been active and had pushed net spot buying up ahead of the vote.
Interestingly, the metric later fell to -10.575 million almost immediately, creating a swing of more than 17 million in cumulative delta within hours. As CVD measures the difference between aggressive buying and selling volume, the sudden decline shows that sellers began hitting bids much more aggressively.
Notably, $XRP traded near $1.40 before the vote but then lost more than 10% before finding some support. The price has since recovered slightly, rising 0.76% today to around $1.29 at press time.
$1.20 and $1.00 Remain Important Levels
The Sept. 15 decline has left $XRP in a weaker short-term position. Although the token has started to recover slightly, its CVD remains deeply negative. A continued decline in CVD would show that aggressive sellers remain active, but a recovery toward positive territory would point to a return of stronger spot buying.
The next major support area to watch sits around $1.20. If $XRP fails to hold this level, the $1.00 psychological support could come back into focus. The market also faces another potential source of volatility on Sept. 16 as the Federal Reserve announces its interest-rate decision.
At the time of the analysis, markets had priced roughly a 60% chance of a 25-basis-point rate hike. This potential macro pressure comes just one day after the Clarity Act vote.