XRP Price Reaches Key Support Level as Sellers Test Technicals

XRP's price action remains under selling pressure, with the asset trading below its short- and medium-term moving averages. The current price is $1.4038, down 3.12% from yesterday.

The introduction of the XRP Ledger 3.3.0 upgrade has been approved by Ripple, with the mainnet activation of fixCleanup scheduled for September 11. This protocol-level governance decision aims to improve user confidence in the network's long-term development and may bring about significant technical evolution.

U.S. spot XRP ETFs have recorded $110.49 million in inflows last week, indicating a surge in institutional interest. However, validators are still reviewing native lending proposals that could further broaden the asset's use cases. Despite this, price action has remained under broader selling pressure.