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XRP's $1 Support Under Siege as Bearish Pressure Mounts in August

Guavy AI Editorial Team
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XRP
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XRP's price continues to test its crucial $1 support as August begins. The asset held above the $1.02 support in July, closing the month up 2.18%. However, bears are now testing this level, seeking a break.

The price of XRP is currently at $1.06, with multiple tests in the $1.05 and $1.06 range within the last 24 hours. This suggests that the $1 support is under significant pressure.

RippleX head of product Jazzi Cooper announced five amendments set to arrive on XRP Ledger this month. These include Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT. The xrpld 3.3.0 release is expected next week.

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