XRP Teeters Between Consolidation and Breakout Ahead of Crucial Votes
XRP is trading near $1.36, still within a narrow short-term range after failing to sustain its late-August recovery.
The token's price has been supported by buyers at $1.30, but it struggles to break above the immediate resistance of $1.40.
According to analysts, a confirmed close above $1.40 could improve momentum and reopen the path toward $1.50, with $1.60 becoming the next larger upside level if momentum strengthens.
Institutional demand remains significant, but fresh ETF inflows have slowed, while new XRP-linked products have been pushed into October.
The immediate price catalysts are the Senate's vote on the CLARITY Act and the Federal Open Market Committee (FOMC) decision on September 16, with tighter policy expectations already heavily anticipated by markets.