XRP Price Holds $1.33 as CLARITY Act and Fed Decision Loom

XRP price traded near $1.33 as the broader cryptocurrency market extended its macro-driven decline, with investors preparing for major regulatory and monetary policy catalysts next week.

The global crypto market capitalization dropped 1.47% over the past 24 hours to $2.61 trillion. Bitcoin hovered around $76,709, while Ethereum traded near $2,471.58. Although progress on U.S. crypto regulation provided some optimism, uncertainty surrounding the Federal Reserve’s September meeting kept risk appetite subdued.

Senate Republicans have released a revised version of the CLARITY Act following negotiations during the August recess. According to crypto journalist Eleanor Terrett, several major provisions remain unchanged, including ethics requirements, BRCA measures and rules covering stablecoin yields.

The updated legislation would require non-decentralized decentralized finance protocols to register with the Commodity Futures Trading Commission. It also narrows certain DeFi provisions to spot or cash digital commodity transactions and clarifies that credit unions can offer crypto-related services under appropriate regulatory standards.

The Senate is scheduled to hold a procedural vote on September 15, requiring 60 votes to advance the legislation. Passage could improve regulatory clarity for XRP and other payment-focused cryptocurrencies, while another delay could weigh on market sentiment.

Meanwhile, the Federal Reserve meets September 15–16. Futures markets indicate roughly a 70% probability of a 25-basis-point rate increase from the current 3.50%–3.75% range. Higher interest rates could strengthen the U.S. dollar and pressure XRP alongside other risk assets.

Technically, XRP needs to defend support around $1.30. A breakdown could expose $1.25, while a recovery above $1.37 may open the door toward $1.45 and potentially $1.50.

Institutional demand has remained resilient despite weaker prices. XRP ETFs recorded $5.14 million in net inflows on September 10, entirely through Franklin’s XRPZ fund. Combined ETF assets reached $1.45 billion, with cumulative inflows across five funds totaling $1.70 billion.

Bitwise remained the largest XRP ETF with $498.84 million in assets, while Franklin held $376.88 million. Regulatory progress and a softer-than-expected Fed stance could support an XRP rebound, while hawkish policy or legislative setbacks may keep prices under pressure.