The XRP (CRYPTO:XRP) price trades above $1.50 after breaking above the $1.44-$1.45 break-even zone that has capped it for the most of this year. The coin has rallied from $1 to $1.53 in the last four days, a 53% move which marks XRP’s strongest monthly performance since November 2024.
With the XRP price about 24% below the $2 mark it last tested on January 19, can the rally hold above $1.50 and build enough momentum to reclaim $2?Â
What’s Driving XRP’s Current Rally?

XRP is on track to record its best month of the year, up 48% in August with 9 days to go. Here are the four key factors that have improved market confidence and sustained buying pressure for XRP.Â
Regulatory Developments
Positive regulatory developments have historically influenced XRP’s price performance, and on August 19, President Donald Trump met with crypto market leaders, including Ripple’s CEO Brad Garlinghouse, at the White House, where he urged Congress to pass the CLARITY Act.Â
The comments renewed optimism that the bill could reach a full Senate Vote and become law in 2026. Within 24 hours of the meeting, the XRP price jumped 19% above $1.20 as traders reacted to the renewed regulatory optimism.Â
Bond Buyback Program
The U.S. Treasury’s decision to at least double its bond buyback program from at least $2 billion to at least $4 billion of 10- to 30-year Treasury Bonds per operation also gave crypto and XRP another source of support.Â
Although the change takes effect on September 9, buying back longer-dated debt from the market reduces the number of existing bonds available in the market and raises their prices, which can push yields lower. That makes riskier assets such as crypto more attractive to investors and gives XRP and the rest of the market another source of support for the ongoing rally.Â
Ripple Prime’s Bond FinancingÂ
Ripple Prime’s latest Bond financing on August 18 added to the longer-term case for XRP. The non-bank prime brokerage raised $275 million through an upsized private placement of senior unsecured notes, with an 8.25 coupon and a 2031 maturity date.Â
The raise will fund the expansion of Ripple Prime’s U.S. operations, while its BBB rating from KBRA gives it more access to large investors, helping Ripple build a bigger role in financial markets and strengthening XRP’s standing as that business grows. Â
XRP ETFs
XRP spot ETFs have added buying pressure to the market by recording $39.78 million in net inflows over the last four days, including a daily inflow of $18.38 million recorded on August 21.Â
Those four days have pushed cumulative XRP ETF inflows to $1.55 billion, with inflows in August currently at $43.05 million, almost double the inflows recorded in July, which was $27.29 million. The inflows have given investors exposure to XRP and created extra buying pressure by taking coins off the open market, which is sustaining the current rally.Â
The Resistance Levels Standing Between the XRP Price and $2 Target

Several resistance levels could decide whether XRP reaches $2 in a few weeks. With the token trading near $1.53, the first major test is between $1.65 and $1.70, where technical indicators show strong resistance.Â
XRP’s price briefly touched $1.66 on August 22, but soon fell back toward $1.50, showing that sellers are already active around this level. XRP must break and hold above $1.70, as it did with the $1.44-$1.45 break-even zone, before it can move toward $2
If XRP clears $1.70, the next key level is around $1.83, marking a 38.2% recovery from its 52-week high of $3.18. Rallying above this price sets the stage for a move to $2, although XRP would need to move above $2.09 before traders can treat that level as firmly reclaimed rather than another resistance point.Â
Can the CLARITY Act Push XRP to $2?
The CLARITY Act has been the most talked-about catalyst for XRP in 2026, but it has stalled in the Senate for the last seven months. President Donald Trump’s call for Congress to pass the legislation on August 19 boosted XRP after weeks of weak price action, but the next major test comes on September 15, when the Senate is set to vote on a cloture motion.
However, bipartisan support is necessary for the cloture vote to succeed because the Senate needs 60 votes to clear the procedural hurdle, while Republicans hold 53 seats. If the cloture vote succeeds, XRP could move toward $2, as past action shows that traders tend to respond positively to signs of progress on the bill. However, the cloture vote would only help push XRP above $2 if the token first clears the $1.65-$1.70 resistance zone and holds its gains.Â
If the Cloture vote’s momentum fails to push XRP above $2, the token could need the CLARITY Act’s full passage later in the process to sustain the momentum needed to reach $2.Â
Contact [email protected] for any questions or corrections.