XRP fell about 12.2 percent within hours after the U.S. Senate failed to advance the Clarity bill, a development seen as negative for the crypto industry. The token slid from around $1.45 to near $1.27 before edging back to about $1.29. Attention has shifted to whether it can defend the $1.25 to $1.29 zone, with $1.35 now seen as resistance after breaking down.

Zcash token ZEC jumped even as the broader cryptocurrency market wobbled after the U.S. Senate failed to advance a digital asset market clarification bill. ZEC recently traded around $1,250 and its market value rose to about $21 billion. Futures trading also picked up, with $7.7 billion in 24-hour volume. The move coincided with positive developments around Zcash’s next major network upgrade, NU7, backed by holders in a vote.