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Crypto

Ripple Unleashes 1B XRP Ahead of Crucial Senate Vote

Guavy AI Editorial Team
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XRP
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Ripple has released its scheduled monthly 1 billion XRP from escrow at the start of September, following its standard protocol.

This move comes ahead of a significant regulatory milestone: the US Senate vote on the Digital Asset Market Clarity Act, set for September 15, 2026. Passing this legislation would bring clarity to the US digital asset space and is being closely watched by market participants.

XRP has been consolidating around $1.34 after pulling back from a recent high of approximately $1.69. The token's price action suggests it's currently below its 200-period Exponential Moving Average (EMA) near $1.56, putting medium-term momentum under pressure.

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