XRP Struggles Near $1.40 as Bullish Momentum Continues to Fade

XRP is trading around $1.40, just beneath the $1.42 resistance level, as the Senate gets ready for a procedural vote on the CLARITY Act. The current setup presents a mixed picture: the daily chart remains moderately constructive, while momentum across shorter timeframes has weakened.

At $1.40, XRP is hovering near its daily pivot and remains positioned between nearby support and resistance. The daily indicators have not signaled a breakdown, but shorter-term readings suggest that buyers and sellers have yet to establish clear control.

The upcoming vote is procedural and does not represent a final decision on whether the CLARITY Act will become law. Instead, it addresses the legislation’s progress through the Senate and remains separate from the additional steps required before a final federal regulatory framework can be established.

Ahead of the September 15 vote, Senate Republicans introduced a revised 630-page version of the bill. Under the updated proposal, trading protocols operated by identifiable individuals or groups would be required to register with the Commodity Futures Trading Commission. The draft also maintains ethics provisions barring public officials, government employees and their spouses from issuing or sponsoring digital assets.

The legislation is designed to create a federal framework for digital-asset markets while providing greater clarity over regulatory responsibilities. Even if the procedural vote succeeds, the bill would still require additional Senate action before reaching a final legislative outcome. For XRP traders, the vote therefore represents another market catalyst rather than a definitive resolution to the token’s current indecision.

XRP Technical Structure Remains Mixed

The 50-EMA at $1.29 remains below the 200-EMA, meaning XRP has not established a traditional bullish moving-average configuration. Instead, the current arrangement reflects a strong recovery following an earlier decline, with shorter-term averages rebounding more quickly than the medium-term trend.

The daily MACD also introduces some caution. The MACD line stands at 0.03 versus a 0.05 signal line, leaving the histogram at approximately -0.02. This mildly bearish crossover indicates that the rally above the moving averages has lost some momentum, even though the broader daily structure remains intact.

The broader crypto market is also facing pressure. Total crypto market capitalization has fallen to $2.72 trillion, while Bitcoin dominance is at 58.36%. The Fear & Greed Index remains at 69, indicating Greed despite the broader market weakness.

U.S. diesel prices have also moved above $6 per gallon amid the conflicts involving Ukraine and Iran, adding another source of pressure to overall risk sentiment.

XRP Tests $1.39 Support and $1.42 Resistance

XRP’s daily pivot sits at $1.41, with resistance at $1.42 and support at $1.39. Trading near the pivot reflects the market’s current wait-and-see stance as traders look for a catalyst capable of breaking the narrow range.

A move above $1.42 would bring the upper Bollinger Band near $1.46 into focus. Conversely, a break below $1.39 could shift attention toward the $1.33-$1.32 region, where the 200-EMA and lower Bollinger Band are positioned close together. The 50-EMA at $1.29 would become the next important level below that zone.

Shorter-term indicators are less encouraging. On the hourly chart, XRP is trading at $1.40, slightly below the 20-EMA at $1.41, while the RSI has declined to 44.41. An ATR of roughly $0.02 points to compressed volatility and consolidation rather than a strong directional trend.

The 15-minute chart shows even weaker momentum. XRP remains below the 20-EMA at $1.41 and the 50-EMA at $1.42, while the RSI stands at 30.72, close to oversold territory. The 15-minute ATR is around $0.01, further highlighting the tight trading conditions.

Timeframe	Key Levels	Momentum
Daily	Support $1.39 / Resistance $1.42	RSI 55.92, MACD histogram around -0.02
1-Hour	20-EMA $1.41 / 50-EMA $1.40	RSI 44.41, ATR around $0.02
15-Minute	20-EMA $1.41 / 50-EMA $1.42	RSI 30.72, ATR around $0.01

XRP Bulls Need a Break Above $1.42

For the bullish scenario to strengthen, XRP needs to hold $1.39, reclaim $1.42 and remain above the daily 20-EMA. A shift in the daily MACD histogram into positive territory would provide additional evidence that momentum is recovering alongside the broader price structure.

A sustained rebound from the 15-minute RSI around 30.72 could also provide an early indication that buyers are returning, although such a move alone would not confirm a broader reversal.

For now, XRP remains confined to the narrow $1.39-$1.42 range. The daily chart continues to offer a cautiously positive outlook, but weakening MACD momentum and softer readings on shorter timeframes make that outlook conditional.

Until XRP breaks decisively above resistance or loses key support, the $1.39-$1.42 range, along with the daily pivot, remains the main area traders are likely to watch.

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