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Ripple CEO Brad Garlinghouse called for comprehensive federal cryptocurrency legislation at the Wyoming Blockchain Symposium, stressing that court victories for XRP alone are insufficient for the broader industry. He highlighted Ripple’s 75 global licenses as proof of regulatory compliance and confirmed the company’s continued backing of the CLARITY Act, which the U.S. Senate is scheduled to vote on September 15. XRP trades near $1.39, facing a $1.43 resistance level that has capped three rally attempts since late August. The token’s technical setup shows support at $1.40 to $1.41, with a breakdown potentially sending prices toward $1.30. A routine 1 billion XRP escrow release on September 1 and the XRPL 3.3.0 upgrade window add to the crowded catalyst calendar. Futures data shows stable open interest near 2.24 billion XRP with positive funding rates.
Key Elements
Brad Garlinghouse pushed back on the notion that cryptocurrency firms want to operate outside government oversight, arguing that the industry’s future in the United States hinges on comprehensive federal legislation rather than one-off court victories. The Ripple chief executive made the remarks at the Wyoming Blockchain Symposium, where he emphasized that his company continues to champion the CLARITY Act even after securing favorable legal rulings for XRP (XRP-USD).
“In order for the industry to succeed in the United States, we need clarity for the whole industry,” Garlinghouse said. He pointed to Ripple’s 75 licenses across global jurisdictions as evidence that the firm operates within established regulatory frameworks. The comments come as XRP trades near $1.39, attempting to hold above a critical support level while facing a stubborn resistance wall at $1.43 that has rejected three separate breakout attempts since late August.
Ripple executives have been meeting with lawmakers in Washington to advocate for the CLARITY Act, which the Senate has scheduled for a vote on September 15. The legislation represents what Garlinghouse describes as a necessary step beyond the courtroom, where Ripple won rulings establishing that XRP is not a security. Those victories, he argued, do not extend to the broader digital asset market, leaving other firms without the regulatory certainty needed to build long-term products.
The regulatory calendar is converging with technical and supply-side developments. Ripple executed its routine monthly escrow release on September 1, unlocking 1 billion XRP across three transactions of 500 million, 400 million, and 100 million tokens. The additional supply entered a market already testing resistance, though the release was pre-scheduled and widely anticipated.
Meanwhile, the XRPL 3.3.0 protocol upgrade window could activate as early as September 11, adding another variable to an already crowded two-week stretch for the token. Futures market data indicates stable buyer interest, with open interest holding near 2.24 billion XRP and funding rates remaining positive at 0.01%. Positive funding rates suggest traders are paying small fees to maintain long positions.
| Level | Price |
|---|---|
| Immediate resistance | $1.43 |
| Secondary resistance | $1.47-$1.50 |
| Stretch target (bull case) | $1.55-$1.68 |
| Immediate support | $1.40-$1.41 |
| Deeper support | $1.33-$1.35 |
| Breakdown floor | $1.30-$1.32 |
Note: Levels reflect technical analysis from market data as of early September 2026.
Technical chart analysis shows XRP has broken out of a triangle pattern, with volume data suggesting buyers are present but not yet aggressive enough to force a decisive move above $1.43. The token gained roughly 40% during a prior week, a whiplash that underscores the volatility traders have faced. A clean break above the resistance wall could open a path toward $1.47 to $1.50, with stretch targets near $1.55 and $1.60 if the Senate vote lands favorably. A failure to hold $1.40, by contrast, could send the price back toward the $1.30 to $1.32 range.
The base case, according to market analysts, is continued consolidation between $1.35 and $1.43 while traders await regulatory clarity. The September 15 vote is widely viewed as the single biggest catalyst on XRP’s calendar this month, with some market participants speculating that traders may already be pricing in a positive outcome.
Garlinghouse’s advocacy for industry-wide rules reflects a broader push by established crypto firms to distinguish themselves from projects that have resisted regulatory engagement. By stressing Ripple’s license count and its ongoing support for federal legislation, the company is positioning itself as a compliant operator in a sector still navigating fragmented oversight.
The coming stretch will test whether regulatory momentum can translate into sustained price appreciation for XRP. Even a breakout to $1.68 would represent roughly 20% upside from current levels for a token with an already massive circulating supply. For holders, the calculus involves betting on a Senate vote and the digestion of new escrow supply playing out favorably within a two-week window.
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Source: finance.biggo.com