XRP Hovers Below $1.40 as Fading Momentum Limits Upside

XRP is trading near $1.40, remaining below the $1.42 resistance level as the Senate prepares to conduct a procedural vote on the CLARITY Act. The token’s technical picture is mixed, with the daily chart maintaining a cautiously positive structure while momentum indicators on shorter timeframes continue to weaken.

At $1.40, XRP is positioned close to its $1.41 daily pivot and remains inside a narrow band defined by nearby support and resistance. While the daily trend has not broken down, intraday signals indicate that XRP is still searching for a clear direction.

The September 15 Senate vote is procedural and does not determine whether the CLARITY Act will ultimately become law. The vote addresses the bill’s movement through the Senate, with additional legislative stages required before a final federal digital-asset framework can be established.

Senate Republicans released a revised 630-page draft before the vote. The updated proposal would require trading protocols operated by identifiable individuals or groups to register with the Commodity Futures Trading Commission. It also preserves ethics provisions preventing public officials, government employees and their spouses from issuing or sponsoring digital assets.

The legislation aims to create a federal market structure for digital assets while clarifying regulatory responsibilities. Even if the procedural vote passes, the bill would still need to clear further legislative hurdles. For XRP, the event should therefore be viewed as one potential catalyst rather than a definitive resolution to the token’s current range-bound behavior.

XRP’s Daily Structure Remains Intact

The 50-EMA is currently at $1.29, below the 200-EMA. This arrangement falls short of a traditional bullish moving-average stack. Instead, it reflects XRP’s recovery from a previous decline, with shorter-term averages recovering faster than the medium-term trend.

The daily MACD is providing a more cautious signal. The MACD line stands at 0.03 versus a 0.05 signal line, resulting in a histogram of roughly -0.02. The negative histogram suggests that XRP’s recent advance has lost some momentum despite the broader daily structure remaining intact.

The wider crypto market is also struggling. Total crypto market capitalization has fallen to $2.72 trillion, while Bitcoin dominance stands at 58.36%. Meanwhile, the Fear & Greed Index remains at 69, indicating Greed even as the broader market pulls back.

U.S. diesel prices have risen above $6 per gallon amid the Ukraine and Iran conflicts, adding another factor weighing on overall risk sentiment.

$1.39 Support Holds the Key

XRP’s daily pivot is located at $1.41, with $1.42 acting as immediate resistance and $1.39 providing support. The token’s proximity to the pivot reflects the market’s current hesitation.

A sustained move above $1.42 could bring the upper daily Bollinger Band near $1.46 into focus. Conversely, a break below $1.39 could send XRP toward the $1.33-$1.32 region, where the 200-EMA and lower Bollinger Band are positioned close together. The 50-EMA at $1.29 would be the next significant downside reference.

Shorter-term charts are showing greater weakness. On the hourly timeframe, XRP remains below its 20-EMA at $1.41, while its RSI has slipped to 44.41. The hourly ATR of approximately $0.02 points to subdued volatility and consolidation.

The 15-minute chart is weaker. XRP is trading beneath the 20-EMA at $1.41 and the 50-EMA at $1.42, while its RSI is at 30.72, approaching oversold conditions. An ATR of approximately $0.01 further highlights the limited price movement.

XRP Needs Momentum to Return

The bullish outlook would gain strength if XRP protects the $1.39 support level, breaks through $1.42 and maintains its position above the daily 20-EMA. A move by the daily MACD histogram back into positive territory would further support the case for renewed upside momentum.

A sustained rebound in the 15-minute RSI from around 30.72 could provide an early signal that buyers are returning, although this alone would not confirm a larger trend reversal.

For now, XRP remains compressed between $1.39 and $1.42. The daily structure continues to offer a cautiously constructive signal, but declining MACD momentum and weaker short-term indicators are preventing a stronger bullish confirmation.

A decisive move outside this narrow range would likely provide the clearest indication of XRP’s next direction, leaving $1.39 support and $1.42 resistance as the immediate levels to watch.