Ripple (XRP) Bounces Back for the Month After Losing 8% on the Senate Vote

XRP clawed back from a brutal Senate vote that sent it plummeting, but the real question is whether actual investors are driving this recovery or if it rests on the shakiest foundation in crypto trading.

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As of September 22, 2026, XRP (CRYPTO:XRP) is trading at $1.58, up 3.5% in the past 24 hours and about 8% higher than its $1.46 close on August 22. Despite a failed Senate vote and broader turbulence, XRP has managed to end up ahead of where it began a month ago.

Compared with other cryptocurrencies, XRP is trailing—over 30 days, it’s up only 4.1%, while Bitcoin, Ethereum, and Solana have jumped 11.1%, 11.7%, and 23.6%, respectively.

The question for investors is whether the XRP price can maintain this upward momentum or if it’s just a temporary spike from short covering.

XRP Fell From $1.70 to $1.25 and Climbed Back in Four Weeks

XRP peaked at $1.70 on August 22 and closed that day at $1.46—the month’s highest point. By August 31, the price had slipped to $1.38 as the CLARITY Act lost support in the Senate. Cloture—the vote deciding if debate should end—is what the bill needed to advance. When the Senate voted on September 15, it failed by a close of 49 to 50, causing XRP to drop to $1.28 by the end of that day.