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XRP futures hit 6-month high as whales prepare for Sept 15 Senate vote

Market News
07 Sep 2026
UToday
View Source
Bullish
XRP futures hit 6-month high as whales prepare for Sept 15 Senate vote

XRP futures trading volume reached a 6-month high driven by large investors (whales) accumulating positions ahead of the critical September 15 Senate vote. This surge coincides with institutional inflows into US spot XRP ETFs totaling $18.96 million, pushing combined assets under management to $1.48 billion. XRP's price broke a prolonged downtrend, peaking at $1.65 before consolidating around $1.40, supported by strong technical levels. The market is positioning for potential volatility and a bullish breakout above $1.50, which could lead to a retest of August highs.

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