XRP Holds Near $1.40 as Institutional Demand Grows, CLARITY Act Vote Looms

XRP's price has been holding steady near $1.40 as institutional demand continues to grow despite the token's inability to break through to new highs.

US spot XRP exchange-traded funds (ETFs) have seen a surge in inflows, with $18.98 million being invested across September 8-10, marking their ninth consecutive week of positive inflows.

Ripple's stablecoin business is also expanding, with RLUSD reaching a record supply of approximately $2.44 billion on September 8.

The upcoming Senate procedural vote on the CLARITY Act and the Federal Open Market Committee (FOMC) decision could have significant implications for XRP, potentially improving regulatory sentiment and supporting the token's price.