XRP has fallen nearly 8% over the past week, from about $1.47 on September 3 to roughly $1.35, tracking weakness across the broader crypto market as investors await next week’s Senate vote on the Clarity Act. The immediate technical question is whether XRP can hold the $1.34-$1.35 support zone. A move below $1.30 would put $1.20 in focus, while reclaiming $1.40 would improve the short-term outlook. XRP has traded within a range since August 22, struggling to clear the $1.45-$1.52 area while buyers defend support near $1.34. A break below $1.34 could expose the token to $1.20 and, if that level fails, approximately $1. The $1.29 level is also being monitored as a key weekly support, while a move above $1.52 would provide a stronger indication that the decline is losing momentum. Technical signals remain mixed: XRP recently posted a bullish two-week MACD cross, a momentum indicator signal that has appeared near previous long-term lows, but the token remains below key weekly moving averages and has encountered repeated resistance during its recovery. The Senate’s Clarity Act vote is adding uncertainty, with some senators reportedly saying they do not currently have enough votes to advance the bill. Progress could improve sentiment toward US-based digital assets, while a delay or failure to advance the legislation could maintain market pressure. Institutional access is also expanding. A filing reportedly showed about $11.39 million in XRP ETF shares being used as repo collateral under JPMorgan Securities and Bank of America Securities. ETFs can give traditional investors exposure without requiring them to manage XRP wallets or crypto custody directly. Updated Nasdaq Texas listing rules could create more options for crypto ETFs containing XRP by allowing certain commodity-based crypto trusts to allocate up to 15% of assets to investments outside standard eligibility requirements. The change does not guarantee new XRP ETF launches or direct demand; the effect will depend on fund issuers and investor capital. Income-focused XRP ETFs using options strategies are also advancing, although they differ from spot XRP ETFs because they seek returns through options and distribute income rather than necessarily creating the same direct buying demand. T. Rowe Price updated its crypto ETF filings, with XRP reportedly representing 9.15% of one product, compared with Solana’s 8.73% allocation in that fund.