XRP price has fallen nearly 8% over the past week, dropping from around $1.47 on September 3 to about $1.35. The decline comes as the broader crypto market also moves lower, while investors await next week’s Senate vote on the Clarity Act.
The key question for XRP price is whether the token can hold the $1.34-$1.35 support zone. A break below $1.30 could put $1.20 in focus, while a recovery above $1.40 would improve the short-term outlook.
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XRP Price Forecast : Major Support and Resistance Levels
XRP price has been trading in a range since August 22. The token has struggled to move above the $1.45-$1.52 area, while buyers have continued to defend support near $1.34.
A move below $1.34 could increase selling pressure and expose XRP to the $1.20 level. If that support also fails, the next major level could be around $1.
On the upside, XRP needs to reclaim $1.40 and hold above it. A move above $1.52 would be a stronger signal that the current decline is losing momentum.
Some technical analysts are also watching the $1.29 area, which has been identified as a key weekly support level.
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Key Factors That Could Support an XRP Price Recovery
Technical signals are mixed. XRP Price recently recorded a bullish two-week MACD cross, a signal that has appeared near previous long-term lows. However, the token remains below key weekly moving-average levels and has faced repeated resistance during its recent recovery.
This leaves XRP between two important zones. Holding $1.29-$1.34 could support another attempt at higher levels, while a sustained break below those levels could lead to a deeper correction.
The $1.52 level remains important for the bullish case.
Clarity Act Vote Could Affect XRP Price
The Senate’s upcoming vote on the Clarity Act is another factor being watched by XRP investors.
The source material indicates that some senators have said they do not currently have enough votes to advance the bill. Uncertainty around the legislation has added pressure to the crypto market.
A positive development around the bill could improve sentiment toward US-based digital assets. A delay or failure to advance it could keep pressure on the market.
XRP Gains More Institutional Exposure
XRP is also becoming more widely used in institutional investment products.
A filing reportedly showed about $11.39 million in XRP ETF shares being used as repo collateral under JPMorgan Securities and Bank of America Securities. The development indicates that XRP-related ETFs are becoming part of broader financial-market activity.
ETFs can also make XRP easier for traditional investors and institutions to access without directly managing XRP wallets and crypto custody.
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New ETF Rules Could Help XRP Products
New SEC-approved exchange listing rules could create more options for crypto ETFs that include XRP.
The updated Nasdaq Texas rules define digital commodities and allow certain commodity-based crypto trusts to allocate up to 15% of their assets to investments that do not meet the standard eligibility requirements.
For XRP, this could make it easier to include the token in diversified crypto funds.
However, the rule change does not guarantee new XRP ETF launches or create direct demand for XRP. The impact will depend on whether fund issuers launch products and how much capital investors put into them.
XRP ETF Activity Continues
More XRP-related ETF products are also moving forward, including income-focused ETFs that use options strategies.
These products are different from spot XRP ETFs. Income-focused funds aim to generate returns through options and distribute income to investors, so they may not create the same direct XRP buying demand as a spot ETF.
T. Rowe Price has also updated its crypto ETF filings, with XRP reportedly representing a 9.15% allocation in one product. The allocation is higher than Solana’s 8.73% in that particular fund.
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