XRP price has stabilized between $1.40 and $1.45 after peaking at $1.70, with the $1.25 level emerging as the main pivot point of the current cycle. On the weekly chart, this zone corresponds to the intersection of the middle Bollinger Band and the 0.5 Fibonacci retracement level, calculated from the August price impulse. Large holders accumulated 642 million XRP tokens during the rally, while total XRP reserves on Binance declined from 3.1 to 2.6 billion tokens over the past year, indicating a structural supply shortage. On September 15, the US Senate is scheduled to hold a critical procedural vote on the CLARITY Act, which will define the legal status of digital assets. Current market behavior suggests that large holders intend to finalize their positions at a discount near the $1.25 pivot point just before the US lawmakers make their decision.
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