XRP Nears $2 as Clarity Act Vote Looms

XRP has rebounded from under $1 to trade at $1.45, gaining 37% over the past month and 5% in the past week.

The cryptocurrency's price touched $1.70 on August 22 before pulling back, but it still needs to clear this level for a serious conversation about reaching $2.

To reach $2, XRP would need to hold above $1.70 on a daily close and then another 18% move to reach the target.

A Senate cloture vote on the CLARITY Act on September 15 will be crucial for XRP's price movement, as it would split federal oversight of digital assets between the SEC and CFTC.