XRP Price as CLARITY Act Faces Another Senate Delay

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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XRP Price as CLARITY Act Faces Another Senate Delay

Highlights

  • XRP price holds $1.40 support while Senate delays prolong regulatory uncertainty.
  • XRP ETFs retain $1.48 billion despite recording zero daily inflows.
  • Buyers need a $1.50 breakout to restore stronger bullish momentum.

XRP price traded near $1.42 on Sunday, gaining 0.71% as cryptocurrency markets steadied after a volatile week.

Bitcoin price hovered at around $79,973, and Ethereum was at $2,499 as the market awaits the FOMC meeting on September 15-16th.

Nevertheless, XRP remained vulnerable to Washington politics with another Senate postponement of the CLARITY Act.

The legislation could define regulatory roles for the Securities and Exchange Commission and Commodity Futures Trading Commission.

CLARITY Act Delay Extends Regulatory Uncertainty

Senators postponed action before recess after lawmakers failed to settle several political and policy disagreements.

The Senate returns September 14, leaving lawmakers a narrow window before election campaigning further limits available floor time.

Any procedural cloture vote would require 60 senators, making bipartisan support essential for the bill to advance.

Disputes include ethics restrictions, stablecoin rewards, decentralized finance protections, and the balance between financial regulators.

The postponement does not formally defeat the measure, but it reduces time for negotiations and possible House reconciliation.

XRP held above $1.40 despite the setback, suggesting buyers still defend the token’s immediate support area.

Bitcoin’s ability to remain near $80,000 and Ethereum’s hold around $2,500 could also influence XRP’s next direction.

Traders will watch Senate scheduling updates closely, because further delays may keep regulatory uncertainty attached to XRP.

XRP ETFs Hold $1.48 Billion in Assets Despite Zero Daily Inflows

On September 4, XRP spot exchange-traded funds had no daily net inflows, but cumulative inflows stood at $1.68 billion. Total net assets amounted to 1.69% of the overall market capitalization of XRP, totaling $1.48 billion. 

XRP Price as CLARITY Act Faces Another Senate Delay
Source: Sosovalue data

Trading activity totaled $36.21 million as every listed fund closed lower during the session. Franklin’s XRPZ posted the steepest decline at 4.94%, narrowly exceeding Bitwise’s XRP fund’s 4.86% loss. Bitwise continued to dominate the market in general, with a net asset of $507.47 million and reported cumulative inflows of 599.31 million.

Will XRP Price Hold $1.40 Support Before Its Next Rally?

The XRP price traded at $1.41 after holding above the important $1.40 support level on the four-hour chart. 

The XRP price kept consolidating above $1.40, which indicates that buyers are still active within the immediate support of the market. The RSI was 54.92, with a balanced momentum and a slight bullish inclination.  

XRP Price as CLARITY Act Faces Another Senate Delay
Source: TradingView

The MACD line fell a little below its signal line, which indicated a lower short-term momentum. A four-hour close above $1.50 would prove the resurgence of demand and create an avenue to $1.60. The inability to hold $1.40 may lead to increased selling pressure and the lower support target of $1.30.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Why is the CLARITY Act delay affecting XRP?Why is the CLARITY Act delay affecting XRP?

The delay extends uncertainty over how US regulators will oversee cryptocurrencies, including XRP. Investors may remain cautious without clearer market rules.

2. What would the CLARITY Act establish?

The legislation would divide regulatory responsibilities between the SEC and CFTC. It could also clarify legal classifications for digital assets.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.53957925 0.12% (24h)

24 Hours volume

$1.87B

Market Cap

$96.81B

Max Supply

100B

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.