XRP traded near $1.29 on Sept. 16, 2026, down about 8% over seven days after the Senate rejected a cloture motion (vote to end debate) on the CLARITY Act by 49-50 on Sept. 15. The result fell below both the 60 votes required to advance the bill and a simple majority, effectively ending comprehensive cryptocurrency market-structure legislation in the Senate for 2026. Prediction-market odds of enactment in 2026 dropped from about 34% before the vote to below 20% afterward. Markets are also awaiting the Federal Reserve’s 2 p.m. ET rate decision, with a 25-basis-point increase now the base case after higher-than-expected Sept. 11 inflation data. Ripple separately released version 3.3.0 of xrpld, containing five protocol amendments aimed at institutional adoption, but the upgrade has done little to ease current price pressure. XRP’s market capitalization was about $81 billion, with roughly $6.5 billion in 24-hour trading volume and approximately 63 billion tokens circulating. Analysts cited the CLARITY vote and unresolved monetary-policy risk as the main drivers of XRP’s unusual volatility. The token fell from about $1.39 after Monday’s vote and remained below immediate resistance at $1.38, with support at $1.23 and key resistance at $1.50-$1.55. If the Fed delivers a hike with hawkish guidance, XRP could face pressure toward $1.23; a surprise pause or more accommodative language could help it stabilize near $1.38. XRP is available on Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.