On March 4, 2026, XRP staged a sharp rally, climbing 5.69% over 24 hours to trade at $1.452 after hitting an intraday high of $1.473. The move broke out of the $1.34–$1.39 consolidation range, with volume expanding notably. Price is now approaching the upper Bollinger Band near $1.495, indicating rising volatility. Traders are watching whether XRP can hold above the moving average cluster between $1.36 and $1.39 to sustain the bullish momentum.
Trump Pressures Congress to Fast-Track Crypto Legislation
Former President Donald Trump took to Truth Social to criticize banks for allegedly attempting to undermine the Genius Act, a preliminary crypto market structure bill. He urged lawmakers to advance the Clarity Act, which aims to provide regulatory certainty for digital assets. Trump warned that delaying reforms could push innovation and investment to competing jurisdictions like China, and described the Clarity Act as essential for the U.S. to become the “crypto capital of the world.” The remarks injected renewed political energy into the crypto market, lifting sentiment across major tokens.
Ripple CEO Brad Garlinghouse Applauds Trump’s Stance
Ripple CEO Brad Garlinghouse highlighted Trump’s post, calling it a pointed signal to policymakers who have delayed progress on the Clarity framework. He stressed that clear rules are crucial for the long-term growth of the U.S. digital asset sector. Garlinghouse’s public endorsement amplified the market’s focus on regulatory clarity, which could directly benefit XRP and other tokens seeking compliance-friendly frameworks.
Technical Analysis: Momentum Building Toward Key Resistance
XRP’s technical indicators reflect a shift from consolidation to expansion. The Relative Strength Index (RSI) stands at 50.96, neutral but tilting upward. The MACD line (0.01087) remains slightly below the signal line (0.01283), but the histogram is narrowing (-0.00196), suggesting improving momentum. Price is trading above the 50-period EMA ($1.35770) and the 200-period SMA ($1.38812), creating a supportive base. Bollinger Bands show the upper band at $1.49503 and lower band at $1.32057, with price pressing toward the upper boundary. If XRP continues to hold above the moving average zone, the next target is the recent high near $1.47 and potentially the upper band at $1.49. A failure could lead to a pullback toward the $1.36–$1.39 support area.
Market Outlook: Policy-Driven Upside with Risks
The rally is fundamentally driven by renewed political pressure for crypto-friendly regulation. The combination of Trump’s aggressive push and Garlinghouse’s support has created a short-term bullish catalyst. However, investors should monitor the actual legislative progress of the Clarity Act, as well as potential pushback from banking lobbyists. If the bill advances, XRP could break its year-to-date high; if delays occur, price may retrace into the previous range. With volume increasing, the near-term bias remains positive, but volatility demands caution.