XRP Faces Critical Senate Vote Amid Record ETF Inflows

XRP is navigating a pivotal moment as record institutional investment contrasts with recent price declines, with market attention focused on a crucial U.S. Senate vote scheduled for September 15. On August 31, the cryptocurrency traded between approximately $1.37 and $1.39, marking a decline of about 2% over the previous 24 hours. The central event driving market sentiment is a procedural cloture vote on the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. The vote, set for 2:15 p.m. on September 15, requires a 60-vote threshold to advance the bill to full Senate debate, a step that would not guarantee its final passage. The legislation aims to formally establish the regulatory status of digital assets like XRP. The House passed its version of the bill in July 2025, and the Senate Banking Committee advanced a related measure in May 2026, but a broader version has since stalled. Prediction markets reflect significant uncertainty, with the estimated probability of the bill passing in 2026 falling to approximately 14%, down sharply from 82% in February.