XRP trades near $1.35 ahead of the September 15 CLARITY Act Senate vote. A successful procedural vote could boost sentiment, while failure could put $1.30 support at risk.
XRP$1.45-4.09%With the Senate vote just one day away, the $1.40 - $1.45 region has become an important resistance zone for XRP.
XRP has gained more than 35% over the past month, but the rally has cooled after the token approached the $1.70 area.
It is now hovering near $1.35, with buyers attempting to stabilize the price ahead of the Senate vote.
A sustained move above $1.40 - $1.45 could strengthen the recovery and put $1.50 back in focus. A break above that level could eventually open the path toward $1.70.
However, failure to hold current levels could send XRP back toward the $1.30 support area.
The timing of the next move is closely tied to Washington.
The Senate vote scheduled for Tuesday is not a final vote to pass the CLARITY Act into law.
Instead, senators will vote on cloture for the motion to proceed to H.R. 3633. The procedural hurdle requires 60 votes to advance the legislation to floor consideration.
Republicans hold 53 Senate seats, meaning the bill needs meaningful Democratic support to clear the threshold.
The outcome could therefore become a major short-term catalyst for XRP and the broader crypto market.
Senator Cynthia Lummis released updated CLARITY Act text on September 10 ahead of the vote.
The revised version includes provisions covering when non-decentralized DeFi protocols must register with the CFTC and comply with the Bank Secrecy Act. It also clarifies certain digital asset activities by credit unions.
The legislation has been subject to months of negotiations between Republicans and Democrats. The latest changes are aimed at addressing concerns that could otherwise prevent the bill from reaching the required 60 votes.
The bill's outcome remains uncertain despite the final push.
The biggest potential benefit for XRP is greater certainty around its regulatory treatment.
The CLARITY framework is designed to establish clearer boundaries between the SEC and CFTC and create a federal framework for digital assets.
For XRP, which has faced years of regulatory uncertainty, a clearer statutory framework could improve institutional confidence.
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