XRP Price Stuck Near $1.40 As Market Waits For Senate Vote

XRP is currently trading around $1.40, sitting just below the $1.42 resistance line as the Senate prepares for a procedural vote on the CLARITY Act. This creates a clear market tension. The daily chart remains cautiously constructive, but shorter timeframes show fading momentum. At the current price, XRP sits close to its daily pivot point, caught tightly between nearby support and resistance levels.

The upcoming Senate vote is procedural rather than a final decision on the bill becoming law. The legislation aims to establish a federal framework for digital assets and clarify regulatory responsibilities, though further Senate steps will still be required even if this procedural hurdle passes. Senate Republicans recently released an updated draft that includes registration rules for trading protocols and strict ethics provisions. Traders are watching the vote closely alongside the charts.

On the technical side, the daily chart gives XRP some breathing room above the 20 day exponential moving average at $1.37 and the 200 day average at $1.33. The daily RSI sits at 55.92, which is above neutral but well away from overbought levels. However, the daily MACD shows a soft bearish cross, hinting that the recent advance has lost some steam while the broader structure stays intact.

Looking at the levels ahead, key support sits at $1.39, with resistance waiting at $1.42. A break above $1.42 could push the price toward the upper Bollinger Band near $1.46. On the downside, losing the $1.39 support could send the token back down toward the $1.32 area. Shorter timeframes point to consolidation, leaving traders waiting for a decisive push in either direction.