From 24/7 Wall St. · Sam Daodu · · 1m 10s
Ripple Bounces After Senate Vote
XRP recovers 8% after Senate vote loss.
In brief
XRP recovers 8% after Senate vote loss. XRP rose 8% in a month following a Senate vote that sent it plummeting. Originally reported by 24/7 Wall St..
XRP price rebounds

XRP clawed back from a brutal Senate vote that sent it plummeting.
XRP price history

XRP peaked at $1.70 on August 22 and closed at $1.46 that day.
Senate vote impact

The Senate vote failed 49 to 50 on September 15, dropping XRP to $1.28.
XRP recovery
XRP rose to $1.58 in 24 hours after the vote, up 8% from August 22.
XRP vs. peers
XRP gained 4.1% over 30 days while Bitcoin, Ethereum, and Solana jumped 11.1%, 11.7%, and 23.6%.
Short squeeze

XRP saw a short squeeze as traders closed $300 million in short positions on September 21.
XRP administrative wins
XRP gained four administrative wins including CFTC rulemaking and SEC approval of Nasdaq Texas.
XRP price support
XRP’s key support is around $1.53, 3% below current price.
XRP recovery question
XRP’s recovery may be temporary if short sellers return or new buyers don’t replace them.
What to remember
XRP rose 8% in a month following a Senate vote that sent it plummeting.




