XRP rose about 46% across seven trading days and nearly 48% from its August 19 opening price of $1.0014, reaching an intraday high of $1.69 before entering a correction and hovering near $1.44. Its latest daily close was $1.4554, down about 12% from the weekly peak and marking a second straight negative session. The rally followed a White House meeting at which President Trump met cryptocurrency representatives including Ripple CEO Brad Garlinghouse and urged Congress to pass the CLARITY Act, legislation intended to define oversight boundaries between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). XRP's market capitalization briefly exceeded $91 billion, placing it fourth among cryptocurrencies by market value. One market analyst described the decline as pullback behavior after substantial gains and rejection at $1.66, saying a retreat into the $1.10-$1.38 support zone would preserve the broader bullish structure. The analyst identified potential subsequent targets at $1.66, $1.93 and $2.25. CryptoQuant data showed major holders withdrew 231 million XRP from Binance, the largest single outflow in six months, a movement that typically indicates transfers to longer-term storage rather than immediate selling. Traders are also watching Ripple's scheduled September 1 escrow release of 1 billion XRP. Ripple has historically returned substantial portions of such releases to escrow instead of placing them into active markets. A U.S. Senate cloture vote on the CLARITY Act is scheduled for September 15 after the current Congressional recess; if the bill gains traction, Ripple has signaled it may distribute more XRP from escrow to support stablecoin operations and foreign-exchange trading-pair liquidity. Separately, the SEC recently approved a registration filing for the Cryptex Digital Market Cap ETF, which purportedly allocates 4.88% to XRP, with filing details reportedly sourced from Ripple. Liquidation density is currently concentrated around $1.55 and between $1.42 and $1.45 as the unlock approaches.