XRP has retreated roughly 12% from last week's peak as traders assess Ripple's scheduled release of 1 billion tokens from escrow on September 1 and a Senate cloture vote on the CLARITY Act set for September 15. The token rose nearly 48%, from $1.0014 on August 19 to an intraday high of $1.69, lifting its total market capitalization above $91 billion and briefly making it the fourth-largest cryptocurrency by market value. The rally followed a White House meeting hosted by President Donald Trump with crypto industry leaders, including Ripple CEO Brad Garlinghouse, where Trump advocated passage of legislation that would divide digital-asset oversight between the SEC (U.S. Securities and Exchange Commission) and the CFTC (U.S. derivatives regulator). XRP later closed at $1.4554 for its second straight daily decline. An analyst described the move as a pullback after the sharp rally and said the token was rejected near $1.66. A possible retracement toward $1.10 to $1.38 could still preserve the broader bullish structure, with potential upside targets at $1.66, $1.93 and $2.25 if support holds. Liquidation density is concentrated near $1.55 and between $1.42 and $1.45. Large holders also withdrew 231 million XRP from Binance, the exchange's biggest single-token outflow in six months, according to CryptoQuant tracking data. Ripple's monthly escrow (locked tokens released under set conditions) process will release 1 billion XRP, although the company has historically returned most released tokens to escrow. Approval of the CLARITY Act could affect how much XRP Ripple distributes for stablecoin operations and foreign-currency trading pairs. Separately, the SEC approved a registration filing for the Cryptex Digital Market Cap ETF, which allocates 4.88% to XRP, potentially broadening retail and institutional access.