XRP Rallies to $1.53, Faces Hurdle at $1.65-$1.70 Before Targeting $2

XRP has surged by 53% in four days, reaching $1.53 and its strongest short-term rally this year.

The coin must break through resistance levels around $1.65-$1.70 to move toward its target of $2.

Regulatory developments, including the CLARITY Act and Ripple Prime's bond financing, are seen as key drivers behind XRP's price increase.

If the cloture vote on September 15 is successful, it could push XRP above $2. However, if the vote fails to generate enough momentum, full passage of the bill may become necessary for XRP to reclaim its target price.