XRP is trading around $1.40, with the token remaining just below the $1.42 resistance level as the Senate prepares for a procedural vote on the CLARITY Act. The market is showing conflicting signals: the daily chart continues to look cautiously positive, while shorter-term momentum has weakened.
At $1.40, XRP is hovering near its daily pivot and remains confined between nearby support and resistance. Although the broader daily structure remains intact, intraday indicators have yet to provide a clear signal about the next direction.
The Senate vote scheduled for September 15 is procedural and does not determine whether the CLARITY Act will ultimately become law. Instead, it relates to the bill’s advancement through the Senate, with additional legislative steps still required before a final federal regulatory framework could be established.
Senate Republicans released an updated 630-page draft ahead of the vote. The revised legislation would require trading protocols operated by identifiable individuals or groups to register with the Commodity Futures Trading Commission. It also keeps ethics provisions that prevent public officials, government employees and their spouses from issuing or sponsoring digital assets.
The proposed legislation is intended to establish clearer federal rules for digital-asset markets and define regulatory responsibilities. Even if the procedural vote succeeds, the bill would still need to clear additional hurdles. For XRP traders, the vote is therefore an important catalyst but not a standalone answer to the token’s current lack of direction.
XRP Daily Momentum Loses Strength
The 50-EMA currently sits at $1.29 below the 200-EMA, meaning XRP has yet to establish a classic bullish moving-average alignment. Instead, the configuration reflects the token’s recovery from an earlier sell-off, with shorter-term averages rebounding faster than the medium-term trend.
The daily MACD is providing another warning sign. Its MACD line is at 0.03 compared with a signal line of 0.05, resulting in a histogram of roughly -0.02. The negative histogram suggests that the recent advance has lost some momentum despite the broader daily structure remaining intact.
The wider crypto market is also showing weakness. Total cryptocurrency market capitalization has declined to $2.72 trillion, while Bitcoin dominance is at 58.36%. Despite the market pullback, the Fear & Greed Index remains at 69, placing sentiment in the Greed zone.
Meanwhile, U.S. diesel prices have moved above $6 per gallon amid the Ukraine and Iran conflicts, adding further pressure to broader risk sentiment.
$1.39 Support and $1.42 Resistance in Focus
XRP’s daily pivot is at $1.41, with immediate resistance at $1.42 and support at $1.39. The token’s position near the pivot reflects a market waiting for a catalyst to establish a stronger directional move.
A break above $1.42 would shift attention toward the upper daily Bollinger Band near $1.46. If XRP instead loses $1.39, traders could look toward the $1.33-$1.32 area, where the 200-EMA and lower Bollinger Band are positioned close together. The 50-EMA at $1.29 represents another downside level.
Lower timeframes remain less supportive. On the hourly chart, XRP is below the 20-EMA at $1.41, while the RSI has dropped to 44.41. The hourly ATR of approximately $0.02 points to limited volatility and continued consolidation.
The 15-minute chart shows even greater weakness. XRP is trading below the 20-EMA at $1.41 and 50-EMA at $1.42, while its RSI stands at 30.72, close to oversold conditions. The 15-minute ATR of about $0.01 further indicates that price action remains tightly compressed.
| Timeframe | Key Level | Momentum |
|---|---|---|
| Daily | $1.39 support / $1.42 resistance | RSI 55.92, MACD histogram around -0.02 |
| 1-Hour | 20-EMA $1.41 / 50-EMA $1.40 | RSI 44.41, ATR around $0.02 |
| 15-Minute | 20-EMA $1.41 / 50-EMA $1.42 | RSI 30.72, ATR around $0.01 |
XRP Awaits a Decisive Move
For the bullish outlook to strengthen, XRP must continue holding $1.39 while reclaiming $1.42 and staying above the daily 20-EMA. A move by the daily MACD histogram into positive territory would provide additional confirmation that momentum is recovering.
A sustained rebound in the 15-minute RSI from around 30.72 could be an early indication that buyers are stepping back in, although it would not independently confirm a larger reversal.
For now, XRP remains stuck within the $1.39-$1.42 range. The daily chart still offers a cautiously constructive outlook, but weakening MACD momentum and softer readings on shorter timeframes are keeping the bullish case in check.
Until XRP breaks decisively above resistance or falls through support, the $1.39-$1.42 range and the $1.41 daily pivot remain the most important levels to watch.
