Analysis: XRP rebounds 7% after CLARITY Act vote fails

XRP fell more than 8% after the CLARITY Act failed to advance in a 50-49 Senate cloture vote on September 15, missing the 60-vote threshold required to end debate and move the bill toward a final vote. The vote stalled the proposed federal framework for digital assets and sent XRP to lows around $1.27 to $1.28. Pressure increased the next day when the Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75% to 4.00%, its first rate hike since 2023. XRP later rebounded to about $1.39, up 7.23% over 24 hours, although it slipped 0.30% over the previous hour. Trading volume was near $3.9 billion, close to its 30-day average, which suggested the rebound was supported by buying rather than thin liquidity. CryptoQuant data showed that whale deposits to Binance reached six-month highs. Futures open interest also rose above levels recorded before the failed vote. Bitcoin gained 5.49% to about $80,752, Ethereum rose 5.53% to roughly $2,595, and Solana led the gains with a 10.75% increase to $112.34. Total altcoin market capitalization reached $222 billion, its highest level in eight months. Some analysts identified a potential inverse head-and-shoulders pattern on XRP’s daily chart, with a neckline near $1.55 that could open a path toward $2 if confirmed. The relative strength index was near neutral at 54, leaving room for further gains without indicating overbought conditions. XRP remained 62% below its all-time high and within a broader consolidation range that had lasted for months. A sustained close above $1.41 on strong volume may determine whether the recovery becomes a durable trend reversal or another temporary bounce within that range.