XRP price moved higher Thursday as crypto sentiment encouraged traders to target a breakout above $1.40. The broad crypto market rose by 1.67% in 24 hours and its total capitalization is now at $2.63 trillion.
Bitcoin price regained $78,000, as ETF inflows resumed, and Ethereum recovered after support at $2,400. Market pressure was alleviated with liquidations declining by 69% forced selling was diminished in major assets. The Fear and Greed Index has risen to 72, which indicates that market participants have become optimistic again.
SEC Chair Paul Atkins Expects Senate to Advance CLARITY Act
SEC Chair Paul Atkins said he expects and hopes the Senate will advance the CLARITY Act. There will be a cloture vote on September 15 that it takes 60 senators to vote in favor of further debate. Approval would move the cryptocurrency market structure bill closer to President Donald Trump’s desk.
Atkins described the legislation as significant to the American cryptocurrency policy on Fox Business Wednesday. He claimed that more explicit regulations would stimulate a domestic operation of companies under the United States law. The action would support the goal of President Trump to transform America into a top digital asset hub.
Atkins mentioned that SEC is working on its own proposal of cryptocurrency to supplement the legislation. The comments on the framework of the agency are open to the public.
💥HUGE: 🇺🇸 The SEC Chair, Paul Atkins, announced that the US Senate will hold a VOTE on the Crypto CLARITY Act on September 15.
IT’S HAPPENING!🔥 pic.twitter.com/uSHnLQT2wl
— JackTheRippler ©️ (@RippleXrpie) September 3, 2026
The chairman also mentioned that regulators had the potential to take action using the current securities laws in the event that the bill is not passed by Congress. But he said that laws would offer a more sustainable basis of market regulation and entrepreneurship.
Advancements in Washington may favor the price of XRP sentiment since regulatory transparency is vital to securities debate asset. Any prolonged movement towards more than $1.40 might reinforce the short-term momentum, and softer sentiment might postpone the breakout.
Ripple Price Analysis
As of the report, the XRP price traded at $1.3817 after gaining 3% over four hours.
The XRP price regained its position at $1.33 and headed to the immediate resistance at $1.40. This was a reversal after a few consolidation periods above the mark of $1.30.
The Relative Strength Index climbed to 54; this indicates improving momentum without overbought conditions.
The histogram of MACD became positive at 0.0044. Meanwhile, the line of MACD had crossed the signal line.
Both MACD lines remain below zero despite the bullish crossover. Thus, XRP might need to have a more intense demand to sustain the recovery.
XRP Price Targets $1.40 and $1.50
An approved break past the $1.40 level would reveal the next big target at the $1.50 level. That was the level that constrained the growth of XRP price in the past.
Falling below $1.50 may lead to a breakthrough at $1.60. The extended bullish target would be the previous high of the swing of $1.68.
On the downside, the first significant support is at $1.33. Further pullback may challenge the consolidation floor at large around $1.30.
Inability to hold onto $1.30 could result in a shift of focus to $1.20. This would be a setback to the existing recovery framework.
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