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XRP falls below $1.30 after 7.3% drop amid Fed rate hike and stalled crypto legislation

Market News
18 Sep 2026
Blockonomi
View Source
Bearish
XRP falls below $1.30 after 7.3% drop amid Fed rate hike and stalled crypto legislation

XRP's price dropped 7.3% to below $1.30, marking a 23% decline from its recent peak near $1.68, amid a Federal Reserve rate hike and a failed Senate vote on the CLARITY Act. Despite strong August gains and record low RSI levels, investor interest waned as prominent investor Royal Kane declined to buy due to XRP's large market cap. The Fed's rate increase to 3.75%-4% raises the appeal of safer assets, pressuring cryptocurrencies. Meanwhile, the Senate's failure to advance clearer crypto regulations adds uncertainty, though some senators continue to push for the CLARITY Act. XRP's derivatives open interest also contracted, reflecting cautious market sentiment.

XRP's market cap on Pluang stands at Rp1.476,01 trillion as of Sep 18, 2026, 14:02 WIB, with a 24-hour trading volume of Rp48,79 trillion. Despite the article noting a 7.3% price drop below $1.30, XRP on Pluang shows a 1-day price increase of 1.48%, trading at Rp23.419. The platform data also reveals a balanced order activity with 56% buy and 44% sell, and a typical hold time of 71 days, indicating steady investor engagement amid the broader market uncertainty.

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