Analyst: XRP Unlikely to Break $1.50 Before Fed Decision and Senate Vote, Currently Trading at $1.41 with Resistance at $1.43
As of September 6, XRP is trading at $1.41, struggling to break past the $1.43 resistance level. Analysts believe that XRP is unlikely to reach $1.50 before the Federal Reserve's interest rate decision on September 16 and the Senate vote on the CLARITY Act on September 15. Potential interest rate hikes by the Federal Reserve (with inflation at 3.7% and a strong August jobs report) and the low probability of the CLARITY Act passing (Polymarket data shows an 18% chance of the bill being signed into law by 2026) are seen as bearish factors that could lead to XRP pulling back to $1.35. For $1.50 to become a viable target price, a daily close above $1.43 with supporting volume is required.
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Source:Yahoo财经 · Source Link
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