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$XRP's range trading continues as price chugs near the crucial $1 support. $XRP held above the $1.02 support for all of July, a feat that remained significant and saw it close the month in the green, gaining 2.18%.
$XRP faced choppy price action in July, albeit price held above the important level of $1. The price tested support in the range between $1.02 and $1.06 during the month, making this a crucial zone to watch. However, as August begins, bears seem to be testing this crucial price zone, seeking to break it.
The price of $XRP is currently $1.06, performing multiple tests in the $1.05 and $1.06 range within the last 24 hours.
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$XRP recorded its first green month since April when it closed July up 2.18%. The $1.02 support is now being watched, with a decline potentially testing $1.00, a strong support for $XRP price. The positive sign is that $XRP has held above $1.00 so far in 2026. Resistance levels are at the weekly MA 200 and 50 at $1.80 and $1.21, respectively.
Key XRPL features to land in August
August may be a noteworthy month for $XRP Ledger upgrades, with five amendments set to arrive in the week ahead.
According to Jazzi Cooper, RippleX head of product, the upcoming release of xrpld 3.3.0 includes five amendments. These are Confidential MPT, which brings native privacy to Multi-Purpose Tokens (MPTs) on $XRP Ledger; Batch, which enables up to eight transactions across different accounts to execute atomically in a single ledger.
Permission Delegation allows institutions to delegate narrowly scoped transaction permissions without handing over full signing authority; Sponsored Fees and Reserves allow a sponsor such as a bank, issuer, or platform to pay $XRP transaction fees and account reserves on behalf of another account. Dynamic MPT allows issuers of Multi-Purpose Tokens to define, at issuance, exactly which properties may be updated over time.
According to Cooper, the xrpld 3.3.0 release is currently anticipated for next week.
ambcrypto.com
