XRP Holds at $1.44 as Senate Vote and Fed Meeting Approach: Can It Break $1.50?

XRP Holds at $1.44 as Senate Vote and Fed Meeting Approach: Can It Break $1.50?

Sam Daodu

Wed, September 9, 2026 at 11:00 PM GMT+3 6 min read

• XRP-USD -2.38%

Quick Read

• XRP trades at $1.44, up 40% in 30 days, but remains down 23% year-to-date and needs $1.84 to break even for 2026.

• A Senate cloture vote on the CLARITY Act and an FOMC rate decision converge mid-month, but the House canceled September votes, pushing final crypto legislation into a lame-duck session.

• The XRP Ledger earned BIS approval for recording official statistics hashes, adding long-term institutional demand context without predicting near-term price moves.

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.

XRP (CRYPTO:XRP) trades at about $1.42 on September 9, 2026, up roughly 38% from its $1.03 close a month ago and about 5.3% from its September 2 close. The move comes just ahead of two major U.S. events: a September 15 Senate cloture vote on the CLARITY Act and the Federal Reserve's September 15–16 policy meeting.

XRP also recently tested $1.4821 on September 3, putting $1.50 within sight. From the current $1.42 area, reaching that level would require significant gain, making the upcoming events a potential test of whether the recent rally has enough momentum to push XRP through its September high.

What the September 15 Senate Vote Means for XRP

The September 15 Senate vote is a cloture vote on the motion to proceed to the CLARITY Act, with Senate records scheduling it for 2:15 p.m. Cloture is a procedural step that limits further debate and allows the Senate to move forward with consideration of a bill, so a successful vote would advance the legislation rather than send it to the president.

The CLARITY Act is intended to create a federal framework for digital assets and clarify the respective roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Reuters reported on September 9 that the crypto industry was lobbying senators ahead of the vote, while banking groups were opposing parts of the legislation.

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For XRP, the significance is less about the procedural vote itself and more about what it could signal for the bill's chances of advancing. A successful vote could strengthen sentiment around regulatory progress for crypto, while a failure could weigh on sentiment if traders had already positioned themselves for the legislation to move forward.

What the Fed Decides on September 16

The Federal Reserve will meet on September 15 and 16, with its interest-rate decision and press conference scheduled for September 16. The meeting comes after the Fed left its target range at 3.50% to 3.75% in July, despite three voting members preferring a 25-basis-point increase.

That split makes the September decision more important for markets, particularly because investors will be watching not only the rate decision but also what the Fed signals about future policy. Expectations for higher rates can weigh on risk assets such as cryptocurrencies by making money more expensive.

For XRP, the Fed's message could help determine whether the recent rally has enough momentum to challenge $1.50. A steady decision with a more supportive outlook could give XRP room to extend its gains, while a rate hike or hawkish guidance could make it harder for the token to break through its recent high.

Why $1.50 Is the Next XRP Test

XRP's recent price action puts $1.50 within reach, but the token still has a nearby resistance level to clear first. XRP reached $1.4821 on September 3 after opening at $1.3513 and closed the session at $1.4516, before falling to $1.3987 on September 4 and recovering to $1.4225 by September 9.

From the September 9 close, XRP needs to gain about 5.5% to reach $1.50, while a move of roughly 1.2% would take it back above the September 3 high. That makes $1.4821 the immediate test, with $1.50 becoming the next level if buyers can push through it.

The strength of the August recovery also shows that XRP has made this kind of move before. The token climbed from a $1.0016 close on August 18 to an intraday high of $1.6990 on August 22, a gain of about 69.6%, before giving back some of those gains over the following sessions.

XRP then closed at $1.5200 on August 23, $1.4811 on August 24, $1.4340 on August 25 and $1.3840 on August 28. The September move is therefore a recovery from that pullback, with $1.50 now sitting between the current price and the August high.

XRP Still Has Ground to Cover

A move above $1.50 would mark another step in XRP's recovery, but the token would still be below its 2026 starting level. From around $1.42, XRP would need to gain roughly 32% to reach $1.88, the approximate level it began the year at.

The size of the recent rebound is still significant. XRP climbed from a $1.0016 close on August 18 to about $1.42 on September 9, a gain of roughly 42% in 22 days. The rally has therefore changed XRP's short-term picture, even though it has not erased the larger decline from earlier in the year.

Can XRP Break $1.50 Next Week?

XRP has a realistic path toward $1.50 if the recent recovery can maintain its momentum through next week's major market catalysts. The Senate's CLARITY Act vote could influence sentiment around U.S. crypto regulation, while the Fed's policy decision could shape broader appetite for risk assets.

Neither event guarantees a breakout, however. What matters most will be how XRP responds to the headlines and whether buyers can sustain the move rather than allowing a brief spike to fade. If the token holds its gains through both events, $1.50 becomes a more credible next target. If momentum weakens, XRP could remain within its recent trading range.

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