XRP Price Swing: Relief Rally or Genuine Reversal?

XRP has been experiencing a volatile price swing in recent days, with its value surging by about 68% from $0.9877 on August 17 to above $1.66 on August 22.

However, the coin couldn't maintain that level and pulled back briefly to trade at $1.44 on August 22.

The current price of XRP is around $1.47, and it has gained 41.8% in Q3 2026.

With the Senate's September 15 cloture vote looming, analysts are divided on whether this is a genuine reversal or just a relief rally whose gains could soon be erased.