XRP stabilized between $1.34 and $1.37 after trading between $1.329 and $1.365 on September 11, with reported closing levels near $1.336 and $1.36, while volatility declined ahead of the U.S. Senate's CLARITY Act vote and the Federal Reserve's interest-rate decision. Macro pressure came from higher Treasury yields, inflation concerns, elevated oil prices and expectations of roughly a 70% to 71% probability of a 25-basis-point Federal Reserve rate hike the following week. Derivatives open interest fell from about $558 million to $478 million, with roughly $14.2 million in positions liquidated across two sessions, while U.S. spot XRP ETFs had accumulated approximately $1.68 billion in net inflows earlier in the week. Trader Dark Defender said XRP completed Wave 1 and remained in sinusoidal consolidation within an intact daily bull flag; a close below $1.33 could weaken the setup, while continued support would keep the conditional $1.88 projection active. WisdomTree data cited by analyst SMQKE showed XRP up 45% year to date, with the lowest Bitcoin correlation among major assets and outperformance over one-month, three-month and one-year periods. The available newer source also references historical periods of similarly low XRP volatility but ends before completing that analysis.