XRP entered August with its key support zone under renewed pressure, while the XRP Ledger is set for a potentially important software update in the week ahead. Price action has remained tight around the $1 level, even as RippleX outlined a package of five amendments expected in xrpld 3.3.0.

The token held above $1.02 throughout July and finished the month up 2.18%, a notable result given the choppy trading conditions. At the start of August, however, sellers appeared to be probing that same area again, keeping attention on whether XRP can continue to defend the range it preserved last month.

Support zone faces another test

XRP spent July range-trading near a level that market watchers have treated as critical support. During the month, the price repeatedly tested a band between $1.02 and $1.06, but did not lose that floor and remained above $1.02 for the entire month.

That resilience helped XRP close July in positive territory despite uneven momentum. As August begins, the same zone remains central. The source article said bears appear to be testing the area again in an attempt to force a break, with XRP changing hands at $1.06 after multiple tests of the $1.05 to $1.06 range over the previous 24 hours.

Five XRPL amendments outlined for xrpld 3.3.0

Alongside the price focus, attention is also turning to the ledger’s next software release. Jazzi Cooper, RippleX’s head of product, said xrpld 3.3.0 is currently expected next week and is set to include five amendments for the XRP Ledger.

The proposed additions are Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT. As described by Cooper, Confidential MPT would add native privacy to Multi-Purpose Tokens on XRPL, while Batch would allow up to eight transactions across different accounts to execute atomically within a single ledger.

What the proposed changes would do

The remaining amendments are aimed at account controls, transaction sponsorship, and token management. Permission Delegation would let institutions assign narrowly scoped transaction permissions without transferring full signing authority. Sponsored Fees and Reserves would allow a sponsor such as a bank, issuer, or platform to cover XRP transaction fees and account reserves for another account.

Dynamic MPT would allow issuers of Multi-Purpose Tokens to specify at issuance which properties can be updated over time. Taken together, the planned package points to a release focused on privacy features for MPTs, more flexible transaction handling, delegated access, and changes that could lower operational friction for supported accounts.

Next confirmed step

The immediate confirmed milestone is the anticipated release of xrpld 3.3.0 next week, according to Cooper. Until that arrives, the two near-term points in focus are clear from the source material: whether XRP can continue to hold the $1.02 to $1.06 support area, and whether the scheduled XRPL update lands on the expected timeline.

For now, the source article presents August as a month where both market structure and network development are being tested at once. XRP has so far stayed above the broader $1 threshold, but the support zone that defined July is under pressure again as the ledger approaches its next planned upgrade.

Source: u.today