XRP Poised to Break $1.50 as Senate Vote and Fed Meeting Loom

XRP has been trading around $1.42 on September 9, up about 38% from its August close and 5.3% from its September 2 price.

The token's recent rally comes ahead of two major U.S. events: a Senate cloture vote on the CLARITY Act and the Federal Reserve’s policy meeting.

A successful vote could strengthen sentiment around regulatory progress for crypto, while a failure could weigh on sentiment if traders had already positioned themselves for the legislation to move forward.

The Fed's interest-rate decision and press conference are scheduled for September 16. A steady decision with a more supportive outlook could give XRP room to extend its gains, while a rate hike or hawkish guidance could make it harder for the token to break through its recent high.