XRP Eyes $1.50 Breakthrough as CLARITY Act Vote Approaches This September

Key Takeaways

• XRP hovered around $1.40 on September 7, maintaining a market capitalization of approximately $89.26 billion
• Technical analyst Dark Defender identifies pattern similarities to 2014 and 2017 rallies, projecting a potential move to $18.23
• Weekly net inflows into U.S. spot XRP ETFs declined to $18.96 million during the week ending September 4, a significant drop from the previous week’s $110.49 million
• A crucial Senate procedural vote on the CLARITY Act is scheduled for September 15, immediately preceding the Federal Reserve’s monetary policy announcement
• Technical analysis shows critical resistance between $1.50 and $1.55, with downside support established at $1.35 to $1.31

As September 2026 began, XRP maintained its position around the $1.40 level, continuing to digest gains from August’s powerful surge that temporarily lifted the digital asset toward $1.70. The token has since entered a consolidation phase, prompting market participants to evaluate whether sufficient buying pressure exists to fuel another leg higher.

XRP Price

Trading data from September 7 showed XRP reaching an intraday peak of $1.43 before retreating to $1.38. According to CoinGecko metrics, the token’s market capitalization stood at $89.26 billion, while daily trading activity registered approximately $1.46 billion. This represents a substantial decline from the September 4 volume peak of $4.17 billion.

\p dir=”ltr”>Technical indicators reveal that XRP has successfully breached a near-term descending channel pattern that emerged following August’s rally. Despite this technical breakout, the token has yet to establish a convincing upward trend. Current price action remains anchored just above the 20-day simple moving average, which sits at $1.3954.

Looking at longer-term moving averages, the 50-day SMA is positioned at $1.1916, while the 100-day and 200-day SMAs rest at $1.1588 and $1.2739 respectively. These levels, all significantly below current trading prices, underscore the magnitude of XRP’s recent recovery.

Prominent cryptocurrency analyst Dark Defender shared a weekly chart analysis via X, highlighting XRP’s positioning above several key long-term exponential moving averages. According to his assessment, the current technical formation resembles patterns that preceded major rallies in both 2014 and 2017, which he refers to as an EMA “Jumping Pattern.”

Dark Defender also referenced a projection he calls “The Frog Leap,” identifying a chart-based target around $18.23. This would represent an extraordinary 1,201% increase from present levels. His commentary stated: “The Frog Leap for an all-time high is closer than you can ever imagine.” He emphasized that XRP appears positioned for upward movement regardless of the CLARITY Act’s outcome.

Exchange-Traded Fund Flows Moderate While Maintaining Positive Trend

Spot XRP exchange-traded funds registered $18.96 million in net inflows during the week concluding September 4, marking the eighth consecutive week of positive capital flows. This figure represents a notable decline from the preceding week’s $110.49 million. Total cumulative net inflows have reached approximately $1.66 billion.

Open interest in CME XRP futures contracts expanded substantially from roughly 284 million XRP to 387 million XRP during the latter half of August. This growth elevated CME’s proportion of overall XRP futures market exposure from approximately 10% to 17%.

Critical Catalysts Converge on September 15-16

The United States Senate has scheduled a procedural vote on the CLARITY Act for September 15. Passage requires a minimum of 60 affirmative votes. With Republicans controlling 53 seats, the legislation would need support from at least seven Democratic senators to advance.

Former federal prosecutor Mariotti offered a pessimistic outlook, declaring: “CLARITY is dead.” However, Senator Cynthia Lummis countered this assessment, cautioning that failure to pass the bill now could delay comprehensive market structure legislation until 2030.

The Federal Reserve’s monetary policy announcement is scheduled for September 16, immediately following the CLARITY Act vote. Recent economic data showed the United States economy added 162,000 nonfarm payrolls during August, while the unemployment rate remained unchanged at 4.1%.

As previously noted, spot XRP ETF inflows totaled $18.96 million for the week ending September 4, bringing cumulative net assets under management to approximately $1.44 billion.

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