XRP Price Holds Steady Near $1.38 as Regulators Weigh in on Clarity Act

XRP's price is holding steady near $1.38 after recovering about 4.75% over the last 24 hours, but traders are still watching whether stronger technical conditions can support another move toward the $2 level.

The token has remained slightly lower over the past week, while support is forming near $1.31, which was recently established as a key area of resistance following the August pullback.

Regulatory uncertainty around the CLARITY Act remains a major factor in XRP's short-term market outlook, with SEC Chair Paul Atkins stating that statutory backing is necessary for long-term regulatory stability and that current authority can support new rules, although future commissions could later change them.