XRP Holds $1.40 While Lummis Warns Crypto Rules Need Speed

XRP has held strong at the $1.40 mark despite ongoing market worries about Federal Reserve interest rate hikes. Traders are closely watching this price level as a sign of underlying buyer strength for the token during a choppy economic climate.

At the same time, US Senator Cynthia Lummis issued a strong warning to the market. She stated that failing to establish clear cryptocurrency rules now could freeze the industry in place until 2030. Her comments highlight the growing pressure on lawmakers to pass sensible regulations so innovation stays in the country.

Beyond regulation, the broader market saw positive movement this week. Crypto exchange traded funds crossed the $101 billion milestone, showing steady institutional demand. Meanwhile, new artificial intelligence developments gave a boost to related tech tokens.

Traders should keep an eye on how XRP reacts to macroeconomic updates from the Fed and any new legislative steps in Washington. Clear policy signals could bring the next wave of momentum to the market.