Ripple (XRP) and Stellar (XLM) price action remains under pressure so far this week, with XRP and XLM extending their recent losses by over 4% and 6%, respectively.
Ripple (XRP) is struggling to stay above support at $1.41 as of writing on Thursday, reflecting a broader correction in the crypto market. The remittance token was rejected at its weekly high of $1.46 on Wednesday, and is currently staring at a potential pullback below the pivotal $1.40 demand zone.
Ripple CEO Brad Garlinghouse said progress on the Digital Asset Market Clarity Act (CLARITY) may take longer than expected. Speaking on Fox Business' Mornings on Friday, he said the bill is unlikely to pass Congress by the end of April, pushing back earlier expectations.