XRP faces a challenging path to $1.50 as it struggles with technical resistance and macroeconomic uncertainty surrounding the upcoming Fed rate decision and Senate legislative action.
XRP fell 4.94% to $1.34 as it faces resistance levels at $1.48 and $1.52 ahead of the Fed rate decision and Senate cloture vote on the CLARITY Act.
XRP dropped 4.94% to $1.34 as investors retreat from risk assets ahead of critical policy events. The token faces significant technical resistance at $1.48 and $1.52, with a Senate cloture vote on the CLARITY Act and a Federal Reserve rate decision scheduled for mid-September.
The CLARITY Act is a legislative development that could impact the regulatory environment for digital assets; a Senate cloture vote on September 15 will determine if the bill proceeds to debate.