XRP Falls 4.94% to $1.34 as $350 Billion Leaves US Stocks. Can It Still Reach $1.50 Before the Fed and Cloture Vote?

XRP (CRYPTO: XRP) fell 4.94% to $1.34 even as $350 billion left U.S. stock funds, after briefly climbing to $1.4184 earlier in the day. The next big date on the calendar is September 16, when the Federal Reserve will announce its latest rate decision.

XRP needs to clear several resistance levels on the way from $1.34 to $1.50, with the Fed decision and Senate cloture vote less than a week away.

One Session Does Not Link Two Markets

A net outflow tells us more money left a fund than went in, but it does not tell us where that money went next. Investors could have moved into bonds, money-market funds, or elsewhere in the stock market. There is no public data showing that money leaving U.S. stock funds went into XRP. In fact, the two markets moved in the same direction today, with stock funds seeing outflows while XRP also fell.

Crypto has not consistently acted as a safe place to hide when stocks weaken. XRP and other cryptocurrencies are still risk assets, so investors tend to buy them when they are willing to take on more risk and sell them when they become more cautious. 

Gold and U.S. Treasuries are more typical defensive assets because they can attract money when investors pull back from stocks. XRP falling alongside the stock-fund outflows fits the risk-asset pattern much better than a haven trade.

XRP Has to Clear $1.50 as Two Major Catalysts Approach

XRP has more work to do before $1.50 comes into view. The token fell to $1.34 during the session after reaching $1.41, leaving the $1.48 high from September 3 as the first major hurdle. Above that sits the $1.52 close from August 23, meaning XRP needs to recover roughly 11% just to reach the first resistance level, then push through another level before it can hold above $1.50.

However, history shows this is difficult because XRP has struggled to sustain moves above these levels. The token reached $1.69 on August 22 before sliding back into the $1.30s and $1.40s. It has already traded through the $1.34, $1.48 and $1.52 levels within the past month, but the latest decline means it now has to reclaim them rather than simply hold them.

The Senate is due to vote on cloture for the CLARITY Act on September 15, one day before the Federal Reserve’s rate decision. Cloture determines whether the Senate can move forward with debate on the bill and requires 60 votes, while Polymarket puts the odds of the CLARITY Act becoming law in 2026 at about 18%.

The Federal Reserve’s September 16 decision adds another layer of uncertainty, with the upper end of the federal funds target range at 3.75% since December 2025 and Polymarket putting the odds of a September hike at roughly 60% to 65%. A rate increase could make bonds and other interest-bearing assets more attractive relative to assets such as XRP, which generate no yield.

XRP has only six days to recover more than 11%, clear $1.48, push through $1.52, and navigate two major policy events landing on back-to-back days. Today’s drop leaves little room for a slow climb to $1.50.

Can XRP Break $1.50 Before September 16?

XRP could close above $1.50 before September 16, but it first needs to recover from today’s drop, reclaim $1.48, and then push through $1.52, all while the CLARITY Act vote and the Fed decision arrive just a day apart. With both events carrying plenty of uncertainty, the setup looks more likely to keep XRP under pressure than give it the clean run it needs.

A daily close back above $1.48 before September 15 would keep the $1.50 target within reach. If XRP cannot reclaim that level, the round number may have to wait for another week, and the $350 billion leaving stock funds will remain just a separate market move rather than a reason for XRP to rise or fall.

Contact [email protected] for any questions or corrections.