XRP price fell 2.29% to $1.33 on September 2 as investors reduced risk exposure.
The broader crypto market declined by 0.91% within the past 24 hours, with total capitalization close to 2.6 trillion.
Bitcoin dropped to less than $77,000, and Ethereum was trading around $2,395 as geopolitical tensions shook up markets.
New US-Iran tensions raised oil prices, boosting the inflation threat and hawkish Federal Reserve expectations.
Those pressures may restrict XRP’s recovery, but the upcoming Senate vote could add a strong catalyst.
How the CLARITY Act Could Affect XRP Price
Coinbase CEO Brian Armstrong once again lobbied for the passage of the CLARITY Act before lawmakers take summer break.
He said that most banks see this as an opportunity as opposed to a threat to the existing financial services.
But stablecoin rewards are a concern for major banking groups because they could pull customers away from the traditional lender.
The Senate will vote to determine if debate on the legislation can continue on September 15, 2026.
The procedural motion requires 60 votes, so bipartisan support is key in the tight chamber.
CLARITY Act a win for America says Coinbase CEO.@Coinbase CEO @brian_armstrong has once again called for passage of the controversial CLARITY Act, stating that most banks understand that crypto is “not a threat”.
The US Senate has scheduled a procedural cloture vote on the… pic.twitter.com/UVeQ6RlCfv
— BSCN (@BSCNews) September 2, 2026
Approval would not make the bill, as Senate voting, House reconciliation, and presidential approval would still be needed
The House passed its own version in July of 2025, with some differences that slowed down the process until the August recess.
The proposal would split the regulation of digital assets between the SEC and CFTC and establish registration requirements for trading platforms.
Clearer classifications would decrease regulatory uncertainty and drive more institutional investment into the American market for XRP.
That could also help maintain the liquidity of the exchanges, the investment offerings they provide, and Ripple-related payment activity, which could bolster the demand for XRP price.
Key Levels To Watch Ahead of Clarity Act
The successful cloture vote may allow the price of XRP to break $1.40, with resistance from $1.50 and $1.60.
A move higher above $1.60 could open the door to $1.75 if the future Bitcoin outlook rallies back and sentiment in the cryptocurrency sector grows positive.
Failure to advance the bill may disappoint traders, placing $1.25 and $1.20 back under pressure for XRP price.
XRP Derivatives Volume Jumps 20% as Open Interest Declines
The volume of XRP derivatives transactions rose by 20.53% to $3.85 billion in the latest reporting period. Open interest, however, dipped 3.05% to $3.03 billion, indicating traders decreased their leveraged position.
The options volume rose by 119.68% to $2.75 million, showing a significant rise in demand for XRP-related options. Options open interest increased 3.57% to $78.15 million, representing a slight increase in positioning across the markets.
XRP ETF Inflows Reach $14.38 Million as Fund Assets Hit $1.44 Billion
According to data provided by SoSoValue, XRP spot exchange-traded funds (ETFs) pulled in $14.38 million in net inflows on September 1.
Franklin led the session with $6.63 million, Grayscale and Canary saw $4.72 million and $3.03 million, respectively.
The cumulative inflows for the combined firms were $1.68 billion, with no new inflows reported by Bitwise and 21Shares.
The total trading volume was $39.21 million while the fund’s assets were $1.44 billion.
Those assets accounted for 1.69% of the total market capitalization of XRP despite losses in all of the listed products during the session.
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