XRP near $1.40 as August rally faces resistance ahead of Senate vote and Fed decision

  • XRP’s 28.5% August gain stalled near $1.43 as resistance formed at $1.4437-$1.4586.
  • Spot XRP ETF cumulative inflows reached about $1.68 billion after $18.96 million entered during the week ended September 4.
  • XRP futures open interest rose 0.81% to $3.13 billion as the market awaited the CLARITY Act vote and Federal Reserve decision.

XRP traded around $1.39-$1.43 after a 28.5% August gain, its strongest August performance in five years, while resistance near $1.4437-$1.4586 limited the recovery. A sustained break above that zone could expose $1.55 and potentially $1.70, whereas support near $1.35-$1.36 and then $1.30 remains important. Spot XRP ETF cumulative inflows reached about $1.68 billion, including $18.96 million in the week ended September 4, extending an eight-week inflow streak, while whale accumulation recovered in September after late-August outflows. Analysts have cited targets from $2.00 to $2.30 and longer-term levels including $3.66, $18.23 and nearly $60, but these projections remain uncertain. XRP futures open interest rose 0.81% to $3.13 billion over four hours. The market is also focused on the U.S. Senate’s September 15 procedural vote on the CLARITY Act and the Federal Reserve’s September 16 decision.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.