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 Falls 4.94% to $1.34 Amid $350 Billion US Stock Fund Outflows

XRP, the cryptocurrency associated with the Ripple payment network, has seen a significant decline in value over the past 24 hours. As of September 10, 2026, XRP trades at $1.34, a 4.94% drop from its previous value. This decline comes as $350 billion leaves US stock funds, sparking concerns about the cryptocurrency's potential to recover and reach its target price of $1.50.

Resistance Levels and the Road to $1.50

For XRP to reach its target price of $1.50, it must clear several resistance levels. The first major hurdle is the $1.48 high from September 3, followed by the $1.52 close from August 23. To reach these levels, XRP needs to recover roughly 11% from its current value. However, history suggests that this may be a challenging task, as XRP has struggled to sustain moves above these levels in the past.

The Impact of the CLARITY Act and the Fed Decision

The upcoming vote on the CLARITY Act on September 15 and the Federal Reserve's rate decision on September 16 add another layer of uncertainty to the market. The CLARITY Act, which aims to regulate the cryptocurrency market, has a low chance of becoming law in 2026, with Polymarket putting the odds at about 18%. The Federal Reserve's rate decision, on the other hand, has a higher chance of a rate hike, with Polymarket putting the odds 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's Risk-Asset Profile

XRP's decline alongside the stock-fund outflows fits the risk-asset pattern, where investors tend to buy and sell cryptocurrencies based on their willingness to take on risk. Unlike defensive assets such as gold and U.S. Treasuries, which can attract money when investors pull back from stocks, XRP and other cryptocurrencies are more likely to be sold when investors become more cautious.

What to Watch Next

With the CLARITY Act vote and the Fed decision arriving just a day apart, 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. However, if XRP cannot reclaim this 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.

Conclusion

XRP's decline to $1.34 has left little room for a slow climb to $1.50. The token needs to recover from today's drop, reclaim $1.48, and then push through $1.52, all while navigating two major policy events landing on back-to-back days. 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.