XRP Stabilizes at $1.30 Amid Fed Rate Hike and US Legislative Setback

Key Facts

1XRP price stabilized around $1.30 after sharp volatility forced out leveraged traders.

2The Federal Reserve raised interest rates by 25 basis points to a range of 3.75%–4%.

3The US Senate's failure to advance the CLARITY Act acted as a secondary shock to the market.

Reflecting a hawkish shift in US monetary policy, the price of XRP has stabilized around the $1.30 level following intense volatility that forced out leveraged positions. According to reports, this stabilization followed the Federal Reserve's decision, under Chair Kevin Warsh, to raise interest rates by 25 basis points to a range of 3.75%–4%. This macroeconomic pressure coincided with a secondary market shock as the US Senate failed to advance the CLARITY Act, a key piece of crypto regulation, forcing a broad re-pricing of digital assets.

In a broader economic context, these movements occurred alongside mixed global data, with market data showing central banks like Turkey's holding rates steady at 37% as of September 10, 2026. In the US, the Producer Price Index (PPI) recorded a 0.4% monthly increase during the same period, reinforcing the Federal Reserve's hawkish stance which subsequently impacted risk appetite across the cryptocurrency sector.

Looking ahead, traders are monitoring XRP's current support levels following the flushing of speculative leverage from the market. While specific real-time price data is unavailable in this update, market focus remains on upcoming economic indicators and the asset's ability to maintain its footing given the continued lack of legislative clarity following the CLARITY Act's failure.