XRP price remains under pressure as investors prepare for the SEC’s crypto offering framework announcement on August 14. The wider market fell by 1.57%  in 24 hours, decreasing its worth to $2.18 trillion. 

Bitcoin and Ethereum have dropped to lower levels of under $64,000 and under $1900, respectively. XRP price may experience additional weaknesses in the event that Bitcoin loses momentum around $63,500 when the market drops. The CLARITY Act cloture vote, which is scheduled to take place on September 15, is also being monitored by investors.

SEC Sets August 14 Meeting for Landmark Crypto Rules

The SEC is set to begin its cryptocurrency rulemaking process this week, with Congress delaying comprehensive market legislation.

The…