Key TakeawaysXRP maintained a position around $1.35–$1.36 on Monday with two significant market events scheduled for this weekA Senate cloture vote on the CLARITY Act is set for September 15, needing 60 affirmative votes to advanceFriday saw President Trump convene with advisers regarding ethics provisions within the proposed cryptocurrency legislationWednesday brings the Federal Reserve’s rate announcement, with futures markets pricing in a 90% probability of a 25-basis-point increaseTechnical analysis shows XRP facing resistance between $1.37–$1.40, while finding support at $1.33 and the 200-day EMA around $1.354On Monday, XRP was changing hands near $1.36, maintaining its position above critical moving average levels as market participants prepared for two significant developments scheduled for this week. Bitcoin hovered around $77,000, Ethereum traded near $2,490, and Solana remained close to the $100 mark.XRP PriceThe first major event arrives September 15 at 2:15 p.m. ET with a Senate procedural vote on the CLARITY Act. This cloture vote represents a procedural hurdle rather than final passage — it determines whether the legislation can proceed to full debate. Success requires 60 Senate votes, a challenging threshold given Republicans control only 53 seats, necessitating support from at least seven Democratic senators.Prominent crypto analyst Crypto Rover shared news on X about recent political discussions: “BREAKING: President Trump reportedly met with advisers to discuss the CLARITY Act ahead of Tuesday’s crucial Senate vote.” The announcement generated substantial attention among traders evaluating potential political outcomes.BREAKING: White House agrees to major crypto ethics rules in a last-minute push to save the CLARITY Act.Senate Republicans just released a revised 635-page CLARITY Act ahead of Tuesday’s critical vote.Major changes:1. The new text includes Trump-backed ethics rules that… pic.twitter.com/77kWxZ6i6y— Bull Theory (@BullTheoryio) September 14, 2026Last Thursday, Senator Cynthia Lummis unveiled an updated 630-page version of the legislation. According to her statement, the revision incorporates more than 114 modifications requested by Democratic colleagues — though these edits don’t automatically translate into secured votes.Revised CLARITY Act ProvisionsThe modified legislation focuses on decentralized finance protocols that claim decentralization while maintaining centralized operational structures. Under the revised framework, such platforms would face CFTC registration requirements and must adhere to Bank Secrecy Act obligations.Crypto analyst Lark Davis provided analysis on X regarding the updates: “Non-decentralized DeFi protocols must now register with the CFTC, with CFTC and Treasury jointly writing the rules. DeFi provisions narrowed to spot trading only.” The updated draft also provides clarity around digital asset service offerings by credit unions.Following Friday’s White House discussions, questions surrounding ethics language and stablecoin reward mechanisms remain without resolution.Federal Reserve Decision Creates Additional Market FocusThe Federal Open Market Committee convenes September 15–16, with Wednesday’s 2 p.m. ET announcement drawing significant attention. Interest rate futures indicate approximately 90% probability of a quarter-percentage-point increase. August’s year-over-year inflation figure of 3.4% maintains upward pressure on the Federal Reserve to implement tightening measures.From a technical perspective, analyst Ali Charts monitors the $1.31–$1.35 range as crucial support territory. His X post stated: “As long as XRP holds the $1.31–$1.35 support zone, I’m watching for price to push toward the triangle’s apex. The key confirmation comes at $1.38. A decisive break above that resistance could open the door to $1.60.”XRP BREAKOUT INCOMING!?As long as $XRP holds the $1.31–$1.35 support zone, I’m watching for price to push toward the triangle’s apex.The key confirmation comes at $1.38.A decisive break above that resistance could trigger the bullish breakout and open the door to $1.60. https://t.co/LZseuFLh3C pic.twitter.com/16C0QcpVao— Ali Charts (@alicharts) September 13, 2026Technical indicators showed XRP’s Relative Strength Index registering near 53 on Monday — indicating neutral momentum. The MACD indicator remained in slightly negative territory, suggesting ongoing consolidation. The 200-day exponential moving average at $1.354 currently provides immediate support.Upside resistance levels include $1.37 initially, followed by $1.40 and $1.45 should bullish momentum develop. A break below $1.33 would likely target the next support zone near $1.30.As of Monday’s trading session, XRP remained positioned above its 50-day EMA ($1.280), 100-day EMA ($1.252), and 200-day EMA ($1.354).The post XRP Faces Critical Week: CLARITY Act Vote and Fed Decision Loom Over $1.36 Price Level appeared first on Blockonomi.