XRP suffered a major setback after the CLARITY Act failed to advance in the US Senate on September 15, dropping more than 8% to fall below the $1.30 mark, with cumulative volume delta plunging to negative $10.5 million. Ripple CEO Brad Garlinghouse, however, assured that the company’s business and momentum remain intact, and that the token’s existing US legal footing was not altered by this Senate defeat. XRP ETFs have attracted over $1.7 billion in less than a year, demonstrating sustained institutional interest despite regulatory uncertainty. According to ChatGPT’s analysis, XRP is expected to consolidate between $1.25 and $1.50 before potentially recovering toward $1.70, with bullish potential reaching $2.00 if institutional demand resumes, while a bearish scenario envisions a drop to $1.20 if ETF flows deteriorate.
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