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XRP jumps 50% before correction; key $1B token release and Senate vote loom in September

Market News
27 Aug 2026
Blockonomi
View Source
Neutral
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XRP surged nearly 50% last week, reaching $1.69 after a White House meeting supporting the CLARITY Act, which aims to clarify crypto regulation. The price has since corrected to around $1.44, with analysts eyeing a support zone between $1.10 and $1.38 before potential further gains. Major holders withdrew 231 million XRP from Binance, signaling possible long-term holding. A significant event is the scheduled release of 1 billion XRP tokens from escrow on September 1, with a Senate vote on the CLARITY Act set for September 15 that could impact token circulation and market dynamics.

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