XRP Price Under Pressure as Clarity Act Vote Looms

The price of XRP has fallen nearly 8% over the past week, dropping from around $1.47 on September 3 to about $1.35. This decline comes amidst a broader crypto market downturn and as investors await the Senate vote on the Clarity Act next week.

For XRP's price to recover, it needs to hold onto the $1.34-$1.35 support zone. If that fails, a break below $1.30 could put $1.20 in focus. On the upside, reclaiming and holding above $1.40 would improve the short-term outlook.

Some technical analysts are also watching the $1.29 area, which has been identified as a key weekly support level.