XRP is holding near $1.40, just below the $1.42 resistance level, as the Senate prepares to hold a procedural vote on the CLARITY Act. The technical picture remains mixed, with the daily chart retaining a cautiously bullish structure while shorter-term indicators show weakening momentum.
At the current price, XRP is trading close to its daily pivot and remains sandwiched between nearby support and resistance. The daily setup has not suffered a breakdown, but intraday indicators suggest that neither buyers nor sellers have gained clear control.
The upcoming Senate vote is a procedural step rather than a final decision on the CLARITY Act becoming law. It addresses the bill’s progress through the Senate and would still be followed by additional legislative steps before a final federal regulatory framework could take effect.
Senate Republicans released a revised 630-page version of the legislation ahead of the September 15 vote. The proposal would require trading protocols operated by identifiable individuals or groups to register with the Commodity Futures Trading Commission. It also preserves ethics rules preventing public officials, government employees and their spouses from issuing or sponsoring digital assets.
The bill aims to create a federal regulatory framework for digital assets while defining the responsibilities of different regulators. Even if the procedural vote moves forward, additional Senate action would still be required. For XRP, the vote therefore represents an important catalyst but does not by itself resolve the token’s current technical uncertainty.
Daily XRP Chart Holds, but Momentum Softens
XRP’s 50-EMA is positioned at $1.29, below the 200-EMA. This means the moving averages have not formed a conventional bullish alignment. Instead, they reflect a sharp recovery from an earlier decline, with the shorter-term averages recovering faster than the medium-term trend.
The daily MACD is also signaling caution. The MACD line is at 0.03 compared with a 0.05 signal line, leaving the histogram at approximately -0.02. The negative reading indicates that upward momentum has weakened despite XRP remaining above several key moving averages.
The broader crypto market is adding to the cautious tone. Total crypto market capitalization has fallen to $2.72 trillion, while Bitcoin dominance stands at 58.36%. At the same time, the Fear & Greed Index remains at 69, indicating Greed despite the wider market decline.
U.S. diesel prices have also climbed above $6 per gallon amid the conflicts involving Ukraine and Iran, creating another source of pressure for overall risk sentiment.
$1.39 and $1.42 Define XRP’s Immediate Range
XRP’s daily pivot is positioned at $1.41, with resistance at $1.42 and support at $1.39. Trading around the pivot reflects the market’s lack of a clear directional catalyst.
A breakout above $1.42 would bring the upper Bollinger Band near $1.46 into view. On the other hand, losing $1.39 could expose XRP to the $1.33-$1.32 region, where the 200-EMA and lower Bollinger Band are located close to each other. Below that zone, the 50-EMA at $1.29 becomes the next major level.
Shorter-term charts show greater weakness. On the hourly timeframe, XRP is trading at $1.40 below the 20-EMA at $1.41, while its RSI has fallen to 44.41. An ATR of approximately $0.02 indicates relatively compressed volatility and a consolidation phase rather than a strong trend.
The 15-minute chart is more bearish. XRP remains below both the 20-EMA at $1.41 and the 50-EMA at $1.42. Its RSI stands at 30.72, placing it close to oversold territory. Meanwhile, the 15-minute ATR is approximately $0.01, highlighting the narrow range in which the token is currently moving.
| Timeframe | Key Levels | Momentum Reading |
|---|---|---|
| Daily | Support $1.39 / Resistance $1.42 | 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 Needs a Clear Break for Direction
The bullish setup would become stronger if XRP continues to defend $1.39, moves above $1.42 and holds above the daily 20-EMA. A positive shift in the daily MACD histogram would further support the argument that upside momentum is returning.
A rebound in the 15-minute RSI from around 30.72 could provide an early indication of renewed buying interest, although it would not be sufficient on its own to confirm a sustained reversal.
For now, XRP remains locked between $1.39 and $1.42. The daily structure remains cautiously constructive, but fading MACD momentum and weaker lower-timeframe readings are limiting the bullish case.
A decisive break on either side of the range is likely to provide the clearer signal, leaving $1.39 support and $1.42 resistance as the key levels for XRP traders to monitor.
