XRP posted a strong rally last week before entering a correction, with the token now trading near $1.44 as market participants look ahead to Ripple’s scheduled release of 1 billion XRP on September 1.

The token gained about 46% over seven trading days and briefly reached an intraday high of $1.69. The move began during the week of August 19, when XRP opened at $1.0014 and rose nearly 48% to its weekly peak.

The price surge followed a White House meeting in which President Trump met with several cryptocurrency industry figures, including Brad Garlinghouse, CEO of Ripple. During the meeting, Trump urged Congress to pass the CLARITY Act, a bill intended to define regulatory boundaries between the SEC and CFTC for digital asset oversight.

As XRP advanced, its market capitalization climbed above $91 billion, briefly pushing the token into fourth place among cryptocurrencies by market value.

That momentum has since eased. XRP has fallen about 12% from its weekly high, and its latest daily close was $1.4554, marking a second straight session of losses. With the token now back near levels where recent liquidation data is concentrated, traders are watching whether the market can absorb any additional supply-related pressure around the escrow date.

Technical View Points to Support Areas

One cryptocurrency market analyst described the current move as “pullback behavior following substantial gains and price rejection at the $1.66 resistance level.” The analyst said a decline into the $1.10 to $1.38 range would still preserve the broader bullish structure.

If that support zone holds, the analyst identified potential upside levels at $1.66, $1.93, and $2.25 in a later bullish phase.

Large-holder activity has also drawn attention. CryptoQuant tracking data shows that major holders withdrew 231 million XRP from Binance, the biggest single outflow in six months. Whale Insider reported on X: “JUST IN: Whales pulled 231 million $XRP from Binance, the largest outflow in six months.” Large exchange withdrawals are often interpreted as a sign that holders are moving assets into longer-term storage rather than preparing to sell immediately.

JUST IN: Whales pulled 231 million $XRP from Binance, the largest outflow in six months – CryptoQuant analyst. pic.twitter.com/eQ5ZwIoQTn — Whale Insider (@WhaleInsider) August 26, 2026

September 1 Escrow Release in Focus

Investors are now watching September 1, when Ripple’s monthly escrow mechanism is set to release 1 billion XRP tokens. In the past, Ripple has returned a substantial share of these monthly releases to escrow instead of sending them directly into the active market.

Ripple’s 1 Billion XRP Escrow Unlock Faces New Twist If CLARITY Act Gets Approval

Custody move, OTC settlement, or exchange sale? pic.twitter.com/VQwPvyknyu — Xora Finance (@xora_finance) August 26, 2026

The U.S. Senate has scheduled a cloture vote on the CLARITY Act for September 15, after the current Congressional recess ends. If the bill advances, Ripple has indicated it could distribute larger amounts of XRP from escrow reserves to support stablecoin operations and foreign exchange trading pair liquidity.

In a separate regulatory development, the SEC recently approved a registration filing for the Cryptex Digital Market Cap ETF, which reportedly allocates 4.88% to XRP, with filing details reportedly sourced from Ripple.

Liquidation data currently shows concentration around $1.55 and in the $1.42 to $1.45 range, levels that are drawing trader attention as the unlock date approaches.