XRP Shakes Off CLARITY Act Failure to Surge 7%: Will It Hold?
XRP shook off a sharp regulatory setback this week, climbing more than 7% over 24 hours to trade near $1.39 after briefly touching lows around $1.27.The rebound followed a rocky 48 hours that combined a failed Senate vote with the Federal Reserve’s first rate hike since 2023.What Actually Triggered This Week’s SelloffCloture is the Senate procedure required to end debate and move a bill toward a final vote, needing 60 senators to succeed. On September 15, , missing that threshold and stalling a proposed federal framework for digital assets.XRP dropped more than 8% in the immediate aftermath, touching lows near $1.27 to $1.28. Pressure intensified the next day when the Fed to a range of 3.75% to 4.00%, a move that typically weighs on risk assets broadly.The sell-off, however, proved short-lived. XRP has since rebounded to $1.39, up 7.23% over 24 hours, even as the token slipped slightly by 0.30% in the past hour. Trading volume held near $3.9 billion, close to its 30-day average, suggesting genuine buying rather than thin, low-liquidity trading. to get the latest news as it happens.Is This Rebound Built on Solid Ground?Whale deposits to Binance reached six-month highs, according to CryptoQuant data, while futures open interest climbed back above levels seen before the failed vote, both signals of renewed large-scale participation.The broader market moved in tandem. Bitcoin gained 5.49% to trade near $80,752, Ethereum rose 5.53% to roughly $2,595, and Solana surged 10.75% to $112.34. Total altcoin market cap climbed to $222 billion, its highest level in eight months.Some analysts point to a potential inverse head-and-shoulders pattern forming on the daily chart, with a neckline around $1.55 that could open a path toward $2 if confirmed.The RSI sits near neutral territory at 54, leaving room for further upside without yet flashing overbought conditions. XRP still trades 62% below its all-time high and remains inside a broader consolidation range that has persisted for months.Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.Whether the token can consistently close above $1.41 on strong volume will likely determine whether this recovery becomes a durable trend reversal or another temporary bounce within the same range.For now, the market has clearly absorbed both the CLARITY Act’s failure and the Fed’s rate decision without lasting damage.