XRP traded near $1.40 on Tuesday, up a slim 0.10% on the day, after a rally that briefly pushed the token toward $1.50 a day earlier.
The move has since cooled, and traders are now weighing two events that will do more to set the token's course this week than any chart pattern: a Senate procedural vote on crypto legislation, and a Federal Reserve rate decision that lands the very next day.
Both are central to XRP news today, and both carry real consequences for the XRP price prediction traders are working from heading into Friday.
The Senate is scheduled to hold a cloture vote on the CLARITY Act at 2:15 p.m. ET on September 15. Cloture does not pass a bill. It simply ends debate and allows the Senate to proceed to a floor vote, and it requires 60 votes to succeed.
Republicans control 53 seats, meaning at least seven Democrats would need to cross over for the measure to advance.
Senators Cynthia Lummis, John Boozman and Tim Scott released updated bill text on September 13 and 14 that incorporated 126 changes sought by Democrats, along with ethics provisions barring public officials from issuing or sponsoring digital assets, enforceable by state attorneys general and the Justice Department.
The revisions have not moved sentiment much. Polymarket now puts the odds of 2026 passage at 18%, down from 30% before the new language was released, a sign that traders remain unconvinced the bill clears its next hurdle regardless of how the cloture vote goes.
The Federal Reserve has held its benchmark rate at 3.75% since December 11, 2025. Ahead of Wednesday's FOMC rate decision, futures markets assign an 85% to 87% probability to a 25 basis point increase, which would be the first Fed rate hike since July 2023 and the first since spot XRP ETFs began trading.
The case for tightening has firmed. August consumer prices rose 3.4% from a year earlier, with core inflation at 2.4%, and the 10-year Treasury yield climbed to 4.95% on September 10, its highest level in roughly a year.
A hike that is already priced in tends to produce limited fallout. Still, higher yields draw capital toward interest-bearing assets and away from tokens like XRP, and any 3% to 5% dip on the announcement itself would not be unusual, traders say, even if it proves short-lived.
What is less certain is the tone of the Fed's quarterly projections, known as the dot plot, which will show how many additional hikes officials expect.
A hold paired with hawkish language, analysts note, could unsettle markets more than the hike itself, since it would remove the cushion traders had already priced in while leaving the threat of further tightening intact.
The Federal Reserve meets on September 16, 2026, for its rate decision. According to rate probability data, 93.6% of analysts expect a 25 basis point move, with only 6.4% expecting no change.
Apart from the macro calendar, the token's technical picture has turned constructive.
XRP has traded in a bullish flag pattern since rallying from around $1.00, holding above both its 20-day and 200-day moving averages. The relative strength index sits near 56, consistent with steady rather than overextended buying.
Level Type | Price Zone | What It Signals |
Resistance | $1.43–$1.45 | A close above could open the way to $1.50 |
Next Target | $1.55–$1.57 | Reachable if $1.45 gives way on volume |
Extended Target | $1.69 | Only on a decisive breakout |
Support | $1.36–$1.34 | A break lower would weaken the bullish case |
Deeper Support | $1.28 | Next level of interest if $1.34 fails |
Major Support | $1.15 | Only comes into play below $1.25 |
Activity in XRP futures has picked up sharply. 24-hour volume rose 107.44% to $5.59 billion, and open interest climbed 4.69% to $3.11 billion, indicating fresh positioning rather than simply existing bets changing hands.
The broader long-short ratio stands near 0.99, essentially balanced. Larger traders on Binance, however, are positioned more bullishly, with top-trader ratios of roughly 2.82 by account and 1.80 by position size.
Liquidations totaled about $13.78 million over 24 hours, with short positions accounting for $7.85 million of that figure, evidence that some bearish bets were forced out as the token advanced.
Spot XRP ETFs drew net inflows of $18.9754 million, according to data from SoSoValue, extending a month in which only a single day has registered outflows against six days of gains.
Grayscale, separately, launched a new XRP Trust ETF, adding another route for investors seeking direct exposure. The asset manager also assigned XRP a 26.11% weighting in its newly introduced Next Gen crypto model, the second-largest allocation behind Ether's 42.34%.
Solana follows at 21.09%, leaving the three assets accounting for close to 89% of the portfolio combined.
Where XRP settles will depend less on chart levels than on two outcomes still in flux: whether seven Democratic senators back cloture, and how the Fed frames its rate path beyond this week's decision.
If XRP holds above $1.34 and clears resistance at $1.43, the technical setup still points toward $1.50 and potentially higher. A close below $1.34 would undercut that case and put the $1.28 level back in focus.
For now, traders tracking XRP news today are treating both events as more consequential than the token's recent price action alone.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk of loss. Always do your own research and consult a licensed financial advisor before making any investment decisions.