XRP is trading near $1.44 as traders wait for a busy week. The CLARITY Act vote on September 15 has become a focus in the XRP community. The Federal Open Market Committee meeting and new U.S. inflation data are also due. Each event could shift risk appetite across crypto.
Price Structure Still Leans Bullish
XRP remains above several daily moving averages. The 20-day EMA is $1.3647, the 50-day EMA is $1.2659, and the 200-day EMA is $1.3553. That keeps the broader setup constructive, but not clean. Immediate resistance sits between $1.45 and $1.50. A daily close above that band might strengthen the bullish case. The next hurdle is $1.5459, the 0.786 Fibonacci level. If buyers clear it, $1.60 and $1.70 come into view. On the downside, $1.40 to $1.41 is the first support. Losing $1.355 to $1.343 would weaken the structure.
Derivatives Show Less Conviction
Open interest tells a more cautious story. It rose above $10 billion during the July rally, showing heavy speculation. By September 7 it had fallen to about $3.13 billion. Fewer borrowed positions can lower liquidation risk, but the drop also points to weaker conviction. Spot flows are mildly better. Outflows dominated from November to February, while flows became more balanced from March. By September 9, XRP saw a $7.32 million net inflow. That suggests some buyers are returning, though one day does not confirm a trend.
CLARITY Act and Macro Data Matter
The CLARITY Act has become a talking point on X and Reddit. Supporters argue the bill could clarify how the SEC and CFTC oversee digital assets, which may help XRP’s regulatory standing. I think the market may already price in some optimism, so the vote alone may not cause a straight move. Traders also need the FOMC meeting and CPI report. If inflation surprises or the Fed sounds stricter, risk assets could retreat. If policy signals ease, crypto might get a lift.
What to Watch Next
The key levels are simple. Upside: $1.45, $1.50, then $1.5459. A break above the Fibonacci line could open $1.60 and $1.70. Downside: $1.40 to $1.41 first, then $1.3647 and $1.3553. A deeper slide could expose $1.3434 and $1.2599. For now, XRP sits in a pivotal zone. A close above $1.50 would support a fresh rally. A drop below $1.35 would shift the outlook toward caution.
