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Ripple's XRP Price Slumps Amid Upgrade Progress and Florida Deal

Guavy AI Editorial Team
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XRP
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XRP's price has taken a hit, falling by 3.27% to $1.399 as selling pressure outweighed fresh developments in the XRP Ledger upgrade and Ripple's new sponsorship deal with Florida.

Ripple has backed key amendments in the upcoming XRP Ledger 3.3.0 upgrade, including ConfidentialTransfer, DynamicMPT, and BatchV1_1, also known as XLS-56. These proposals have gained significant support from UNL validators, with BatchV1_1 reaching a consensus of over 65%.

The fixCleanup amendment has crossed the 80% consensus threshold and will activate on September 11 at 11:15 a.m. ET. Meanwhile, U.S. spot XRP ETFs recorded $110.49 million in inflows during the past week, despite XRP facing technical pressure.

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