XRP News Today: XRP Holds Near $1.04 as Senate Files Motion to Advance CLARITY Act

Last Updated: September 16, 2026

XRP traded near $1.29 on September 16, 2026, down roughly 8% over the past week, after the Senate’s cloture vote on the CLARITY Act failed by a wide margin Monday afternoon, falling short of a simple majority, let alone the 60 votes needed to advance. Markets are now also bracing for today’s Federal Reserve rate decision, with a hike, not a cut, the base case for the first time this cycle.

Key Takeaways

• XRP trades near $1.29, down roughly 8% over the past week, extending Monday’s sharp post-vote decline from around $1.39.
• The Senate’s CLARITY Act cloture vote failed 49-50 on September 15, short of both the 60-vote threshold and a simple majority, effectively ending comprehensive crypto market-structure legislation in the Senate for 2026.
• Prediction-market odds for 2026 enactment, which sat near 34% just before the vote, have fallen below 20% in its aftermath.
• The Federal Reserve’s rate decision lands today at 2:00 p.m. ET, with a 25-basis-point hike considered the base case after a hotter-than-expected September 11 CPI print, a reversal from the rate-cut expectations that dominated earlier in the year.
• Away from the macro and political drama, Ripple shipped xrpld version 3.3.0, bundling five new protocol amendments aimed at institutional adoption, though the upgrade has done little to offset today’s price pressure.

XRP Market Overview

Metric	Value
Price	$1.29
7d Change	~-8%
Market Cap	~$81 billion
24h Volume	~$6.5 billion
Circulating Supply	~63 billion XRP

XRP News Today: Price Analysis

XRP’s decline over the past few sessions traces directly to Monday’s cloture vote. The Senate needed 60 votes to proceed to formal debate on the CLARITY Act; the motion drew only 49 in favor against 50 opposed, a result that fell short even of a simple majority and signals deep, structural opposition rather than a narrow miss that might have been revisited later this year. Coinbase and Circle shares both sold off sharply in the aftermath, and Bitcoin briefly slipped toward $76,000 as the vote count became clear on the Senate floor.

XRP has been unusually volatile through this window even by its own standards. After drifting sideways for much of the summer, the token broke out to a high near $1.695 on August 31, before this week’s regulatory disappointment and hawkish Fed repricing pulled it back down to current levels. That round trip underscores how tightly XRP’s price remains tied to the CLARITY Act’s fate, more than almost any other major crypto asset.

Support and Resistance Levels

Level Type	Price
Immediate Resistance	$1.38
Key Resistance	$1.50–$1.55
Immediate Support	$1.23
Key Support	$1.00

Why Is XRP Trending Today?

XRP is trending on two fronts at once: the confirmed failure of Monday’s CLARITY Act cloture vote, and today’s pending Federal Reserve decision, which carries a real chance of a rate hike rather than the cut markets had spent much of 2026 anticipating. That combination, a resolved political setback plus an unresolved macro risk, has left XRP more exposed than most majors this week. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today. For a deeper look at XRP’s price history and structure, visit our XRP price page.

What This Means for the Days Ahead

With the CLARITY Act’s cloture motion now dead for the current session, and no procedural requirement forcing Majority Leader Thune to refile before the November midterms, comprehensive crypto legislation looks unlikely to advance further in 2026. Today’s Fed decision is the more immediate catalyst: a confirmed hike alongside hawkish forward guidance would likely extend XRP’s slide toward the $1.23 support zone, while a surprise hold, or dovish language in the accompanying dot plot, could help stabilize price closer to the $1.38 breakout level it lost this week.

See how other majors are trading today on Bitcoin News Today, Ethereum News Today, Zcash News Today, and Hedera (HBAR) News Today.

Compare Crypto Prices Today

Asset	Price Page
Bitcoin	Bitcoin Price
Ethereum	Ethereum Price
XRP	XRP Price
Solana	Solana Price
BNB	BNB Price
TRON	TRON Price

Where to Buy XRP

XRP can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.