XRP Stabilizes at $1.36 Ahead of Crucial Senate Vote and Fed Rate Decision
XRP's price hovered around $1.36 on Monday as market participants prepared for two significant events: a Senate cloture vote on the CLARITY Act and the Federal Reserve's rate announcement.
The CLARITY Act, which aims to regulate decentralized finance protocols, requires 60 affirmative votes in the Senate to advance. President Trump met with advisers to discuss the bill ahead of its critical vote on September 15.
On Wednesday, the Federal Reserve will announce its interest rate decision, with a 90% probability of a quarter-percentage-point increase. This move could impact XRP's price and overall market sentiment.
Technical analysis suggests that XRP is facing resistance between $1.37-$1.40, while finding support at $1.33 and the 200-day EMA around $1.354. Analyst Ali Charts believes a decisive break above $1.38 could trigger a bullish breakout and potentially lead to $1.60.