XRP is hovering near $1.40, keeping the token just below the $1.42 resistance level as the Senate approaches a procedural vote on the CLARITY Act. The technical outlook remains divided, with the daily chart retaining a constructive bias while shorter-term indicators show fading strength.

At the current price, XRP is trading close to the $1.41 daily pivot and remains caught between nearby support and resistance. The broader daily structure is still intact, but intraday signals suggest that the market has not yet committed to a clear direction.

The September 15 Senate vote is a procedural step and does not represent a final decision on the CLARITY Act becoming law. It concerns the bill’s advancement through the Senate, while further legislative action would still be required before a final federal digital-asset framework could be established.

Ahead of the vote, Senate Republicans published a revised 630-page draft. The updated bill would require trading protocols controlled by identifiable individuals or groups to register with the Commodity Futures Trading Commission. It also maintains ethics provisions that bar public officials, government employees and their spouses from issuing or sponsoring digital assets.

The legislation is intended to establish a federal framework for digital-asset markets and clarify the roles of regulators. Even if the procedural vote moves forward, the legislation would still face additional steps. For XRP traders, the vote is therefore another potential catalyst rather than a definitive resolution of the current market uncertainty.

Daily Chart Retains a Constructive Structure

XRP’s 50-EMA remains at $1.29, below the 200-EMA. The positioning does not represent a textbook bullish moving-average setup. Instead, it reflects the token’s recovery following a sharp decline, with the shorter-term averages rebounding more quickly than the medium-term average.

The daily MACD is also tempering the bullish outlook. The MACD line is at 0.03, below the 0.05 signal line, leaving the histogram near -0.02. The negative reading indicates that upward momentum has weakened, even though XRP’s broader daily structure has not broken down.

The broader crypto market is adding to the uncertainty. Total cryptocurrency market capitalization has slipped to $2.72 trillion, while Bitcoin dominance is 58.36%. The Fear & Greed Index remains at 69, placing market sentiment in the Greed category despite the broader pullback.

U.S. diesel prices have also climbed above $6 per gallon amid the Ukraine and Iran conflicts, contributing to pressure on overall risk sentiment.

XRP Remains Between $1.39 and $1.42

The daily pivot for XRP is $1.41, with immediate resistance at $1.42 and support at $1.39. Trading around this pivot highlights the lack of a strong directional catalyst.

If XRP clears $1.42, the upper daily Bollinger Band near $1.46 would become the next level of interest. A breakdown below $1.39, however, could expose the $1.33-$1.32 region, where the 200-EMA and lower Bollinger Band are closely positioned. Further below, the 50-EMA at $1.29 remains an important level.

Short-term indicators are less favorable. On the hourly chart, XRP is trading below its 20-EMA at $1.41, while the RSI has fallen to 44.41. An ATR of approximately $0.02 points to compressed volatility and continued consolidation.

The 15-minute timeframe is weaker. XRP is below both the 20-EMA at $1.41 and 50-EMA at $1.42, while the RSI sits at 30.72, close to oversold territory. The 15-minute ATR of roughly $0.01 also indicates that price movement remains tightly compressed.

A Breakout or Breakdown Could Set the Next Direction

XRP’s bullish case would strengthen if the token continues to defend $1.39, breaks above $1.42 and holds above the daily 20-EMA. A shift of the daily MACD histogram into positive territory would offer additional evidence that momentum is beginning to improve.

A sustained recovery in the 15-minute RSI from around 30.72 could provide an early indication of renewed buying activity, although it would not be enough on its own to confirm a broader bullish reversal.

For now, XRP remains locked in the $1.39-$1.42 range. The daily chart still leans cautiously constructive, but weakening MACD momentum and softer lower-timeframe signals are limiting the upside case.

Until a decisive breakout or breakdown occurs, traders are likely to keep their attention on the $1.41 pivot, $1.39 support and $1.42 resistance.