XRP's August Escrow Release and the Waiting Game for the CLARITY Act

XRP's August began with its scheduled escrow release, unlocking one billion tokens worth approximately $1.08 billion at the current price of $1.06.

This monthly ritual has become a non-event for traders due to Ripple's self-imposed discipline of re-locking most of each tranche, typically between 60 and 80 percent.

The actual expansion of circulating supply is only about 1.6 percent, with an average of 700 million XRP returned to new escrow contracts per month.

The real focus is on the CLARITY Act, a crypto-regulation bill in Washington that could have significant implications for XRP's price, with some market observers predicting it will trade between $1.15 and $1.25 if passed.