Will XRP Soar Past $1.50 Before the Fed’s September 16 Verdict?
Brief Overview
Before the Federal Reserve’s decision on September 16, XRP must surpass the $1.43 resistance level. With inflation at 3.7% and three hawkish dissents from the FOMC, the risk of an interest rate hike looms large.
Markets show skepticism about the upcoming Senate vote on the crypto cloture on September 15, posing a valid concern given Ripple’s quest for regulatory clarity has spanned years.
A potential Fed rate increase and the Senate’s failure to vote could lead XRP to retest the $1.35 mark. Only a significant daily close above $1.43 on substantial volume could make the $1.50 target viable.
Recent analysis indicates that our experts have identified the top 10 stocks worth purchasing at this time. Access the FREE report. Discover which stocks made the list.
As of September 6, XRP (CRYPTO:XRP) trades at $1.41. It has not managed to close above $1.43 since August 27, despite reaching $1.47 on that day. This $1.43 level represents the breakeven point for many August purchasers, with $1.50 being the next significant barrier above.
The Senate is set to discuss the CLARITY Act on September 15, followed by the Federal Reserve’s interest rate decision on the 16th. Will XRP break the $1.50 mark before this?
VGV MEDIA / Shutterstock.com
What XRP Requires to Surpass $1.50
Sorapop Udomsri / Shutterstock.com
Resistance occurs at prices where sell orders accumulate, as those who bought at those levels seek to recoup their investments. For XRP, this resistance lies at $1.43. The price reached $1.47 on August 27, $1.46 on September 4, and $1.43 on September 5, but has consistently closed between $1.35 and $1.42. Efforts to push above $1.43 face opposition, resulting in a tug-of-war between buyers and sellers.
The selling pressure at $1.43 stems from the August price surge. XRP increased from $0.99 on August 11 to $1.70 by August 22, meaning those who entered during that rise will only break even at or above $1.43. As of September 6, XRP is up 39% over the past month but remains 23% below the year-start price of $1.84; thus even reaching $1.50 wouldn’t return it to the year’s starting point.
Recently Released Report
Top 10 Stocks to Consider Now
For over twenty years, 24/7 Wall St has assisted investors in achieving notable returns, and our leading analysts have recently compiled a definitive list of the Top 10 Stocks to Consider Now. This list includes not merely the largest companies or those widely discussed. Check out the top stocks to invest in.
The report is available for free, highlighting why we categorize each stock as a worthwhile investment at present.
However, breaking through $1.50 poses more difficulty than surpassing $1.43, given that more traders place their sell orders at round numbers.
Factors for a Possible Interest Rate Hike on September 16
24/7 Wall St. / Shutterstock
Since December 2025, the Federal Reserve has maintained interest rates between 3.50% and 3.75%. Notably, three voting members advocated for an increase during the July meeting. Beth Hammack, Neel Kashkari, and Lorie Logan all voted for a 25 basis point hike on July 29; this marked the first time since 2016 that three members shared dissenting opinions. Additionally, nine Fed officials forecasted at least one rate rise by the end of 2026 in June.
According to the Fed’s preferred inflation metric, prices increased by 3.7% for the year ending July. When food and energy costs are excluded, the rate stands at 3.3%, exceeding the 2% target. Also, the job report from August, published on September 4, showed an addition of 162,000 jobs, significantly surpassing the predicted 53,000, strengthening the case for a potential hike.
However, Fed Governor Christopher Waller expressed on September 3 that he would prefer to keep rates unchanged, indicating that the decision on September 16 could go either way. An increase might drive the 10-year Treasury yield up, which recently hit 4.82%, the highest since January 2025. When government bonds yield near 5%, some investors might pull funds from non-yielding assets like XRP, generally resulting in a sharper decline compared to Bitcoin.
Importance of the CLARITY Act Vote
Volodymyr TVERDOKHLIB / Shutterstock.com
On September 15, the Senate will vote on the CLARITY Act, legislation aimed at defining XRP’s classification as a commodity under federal law. To proceed, the bill requires support from sixty Senators, and passing this vote will only initiate further debate on the matter. Market predictions on Polymarket suggest a mere 18% chance for the bill to be signed into law by 2026, a significant decline from 90% in February.
Compared to Bitcoin and Ethereum, XRP’s future hangs more heavily on this legislative decision. While the SEC and CFTC deemed all three as commodities as of March 2026, the SEC had refrained from taking legal action against Bitcoin or Ethereum, making Ripple’s situation considerably different. The court case involving XRP has been ongoing since December 2020.
The CLARITY Act would solidify that ruling into law, making it immune to reversal by any agency. If this vote does not pass, XRP holders may lose the progress they were awaiting while Bitcoin and Ethereum holders would likely be less affected.
Challenges for XRP Reaching $1.50 Before September 16
It seems unlikely for XRP to reach $1.50 before September 16, as it needs to overcome $1.43 and then $1.50 within a tight timeframe, with factors in play that could push it lower. The Fed’s decision to maintain or raise rates, coupled with a potential Senate setback, offers no incentives for XRP to rise.
For XRP holders, achieving a daily close above $1.43 before September 15 could significantly shift the odds. An upward close would mean that sellers from the August spike are out, making $1.50 the next achievable goal. However, without such a close, the cryptocurrency will need an additional catalyst, and a rate hike following a failed Senate vote could drag it back down to $1.35, the lower end of its recent trading range.
Got $1,000? Consider This Before Buying More Stocks
If you have cash in your account at the moment, take a couple of minutes to read this. With over twenty years of guiding investors towards better returns, our leading analysts at 24/7 Wall St. have compiled a comprehensive report on the Best 10 Stocks to Buy Today.
Their market analysis covers not just ten random stocks or overhyped companies, but focuses on their carefully researched top stock recommendations for this moment, and it’s available at no cost. Read further and discover the list of recommended stocks.
