The XRP price faces renewed selling pressure following the CLARITY Act setback, while broader market weakness weighs on sentiment. The ongoing correction has placed key technical levels under scrutiny, with traders watching for stabilization and recovery signals. Meanwhile, derivatives positioning, whale activity, and XRP Ledger developments remain important factors shaping the outlook.
XRP Price Setup Points to $1.50 Rally
XRP has entered a sharp corrective phase, but Celal Kucuker does not view the decline as a major structural breakdown.
According to Kucuker, the recent sell-off could represent a healthy correction within the broader market structure, with XRP potentially moving back toward its weekly moving averages near the $1.50 area.
Source: Celal Kucuker’s X Post
Kucuker is closely monitoring XRP’s 50-week and 100-week moving averages around $1.50. He suggested that XRP could retest these levels around next week’s market open if broader conditions stabilize.
His longer-term outlook remains constructive, with XRP, Bitcoin, and Ethereum potentially reaching new highs between December and February, although this remains a personal market view.
Also Read: XRP Ledger Sets New Record as 3,254 Transactions Hit One Ledger
CLARITY Act Setback Triggers XRP Sell-Off
XRP selling accelerated after the U.S. Senate failed to advance the CLARITY Act on September 15. The procedural vote ended 49-50, falling short of the 60 votes required to move the legislation forward.
The setback coincided with broader cryptocurrency weakness, adding another source of uncertainty for XRP and the wider digital asset market.
The CLARITY Act was designed to establish a broader regulatory framework for digital assets in the United States.
Its failure to advance leaves congressional market-structure legislation unresolved, while regulators continue developing cryptocurrency rules through existing authorities. XRP also reacted negatively, falling toward the $1.30 region as traders responded to the legislative setback.
XRP Short-Term Structure Turns Bearish
TradingView data shows XRP was trading sideways during the latter half of August and early September, with the price ranging from about $1.32 to $1.50.
Bulls tried to breach the overhead resistance level on two occasions, around September 3 and September 14, without success. Such failure made XRP vulnerable to breaking lower, given that the prevailing market sentiment had turned negative.
Source: TradingView
The technical formation weakened considerably when XRP moved below its key exponential moving averages between $1.32 and $1.37.
Pressure from the sellers caused XRP to move towards $1.27, while the lower Bollinger Band continued to widen towards $1.25. $1.25 becomes support for XRP, whereas the $1.32-$1.37 area will act as resistance on any bounce higher.
XRP Derivatives Activity Shows Position Reduction
Data from CoinGlass points out an interesting disparity in the derivatives market for XRP. Trading volume grew by 26.54% to $7.46 billion, whereas open interest fell by 10.16% to $2.85 billion.
The numbers suggest that trading is more intensive despite a reduction in the total value of open derivatives contracts.
Source: Coinglass
The widening reflects the fact that traders have been busy repositioning themselves while some amount of leveraged positions have been unwound during the downtrend.
A higher volume itself doesn’t always point toward higher amounts of bullish or bearish leverage. On the contrary, the combination of falling open interest with high volumes points to the unwinding of positions by traders.
Whale Activity and XRPL Utility Remain in Focus
Santiment Intelligence pointed to the activity of XRP’s large holders, with the information provided indicating that there were 85 wallets with a minimum of one million XRP that emerged before the previous breakout of 67% for XRP, which occurred from August 17 through August 21. This information does not necessarily mean that there will be another breakout.
Source: X
XRP Ledger news also becomes one more critical aspect. Ripple supported an institutional credit fund that included RLUSD, Clearpool, and Cicada Partners with the aim of financing the working capital needs of fintech and payment firms.
RLUSD is also listed on the XRP Ledger mainnet. XRP holders are waiting for stability near support or further corrections.
Also Read: XRP Price Eyes a Breakout Toward $1.60 as ETF Inflows Boost Bullish Outlook
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