Fading Momentum Leaves XRP Price Trapped Near $1.40

XRP is trading at $1.40, with the price sitting just below the $1.42 resistance level as the Senate prepares for a procedural vote on the CLARITY Act. The setup highlights a clear tension: the daily chart remains cautiously constructive, while momentum on shorter timeframes has faded.

At $1.40, XRP is close to its daily pivot and caught between nearby support and price resistance. Daily indicators show that the structure has not broken, but intraday readings point to a market that has yet to establish a decisive direction.

The scheduled vote is procedural rather than a final decision on whether the CLARITY Act becomes law. It concerns the bill’s path through the Senate and is separate from subsequent legislative steps that would be needed for a final federal framework.

Senate Republicans released a revised, 630-page draft ahead of the September 15 vote. The updated language would require trading protocols controlled by identifiable people or groups to register with the Commodity Futures Trading Commission. The draft also retains ethics provisions that prohibit public officials, employees, and their spouses from issuing or sponsoring digital assets.

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