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Urgent XRPL Update: Ripple Director Urges Node Operators to Install Critical Fix

Crypto Market Update August 2: Bitcoin, Ethereum, XRP Stall Ahead of Another Busy Earnings Week

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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 AugustAugust 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. 

A fraudulent social media campaign targeting the XRP community has surfaced, involving fake announcements that attempt to lure users into handing over their digital assets. Hussein Zangana, director of community at the XRP Ledger Foundation, warned users about the scam in a recent post.

Phishing scam impersonates RippleA popular XRP-focused X account, BankXRP, called attention to a deceptive post claiming Ripple would launch “XRP Holder Tiers.” The message, presented through an impersonation of the official Ripple X account, encouraged users to visit a fake website to claim exclusive XRP badges.

Scammers stated that these tiers would unlock special benefits for holders. By driving traffic to the fraudulent link, they aimed to trick users into connecting their wallets or entering sensitive information, such as seed phrases, which would allow attackers to steal their XRP tokens.

BankXRP emphasized that the real Ripple organization did not issue the announcement, and stressed that neither Ripple nor the XRP Ledger prompts holders to claim badges or register for perks. Security advocates advised the community to avoid interacting with suspicious links, and to be wary of any requirement to share wallet credentials.

XRP leaders: Stay vigilant amid sophisticated scamsHussein Zangana confirmed that the circulating announcement was entirely fraudulent and urged the XRP community to remain alert for similar attempts.

Community leaders pointed to a rising trend of attackers impersonating leading blockchain projects, imitating official messaging, and promoting malicious sites or tokens to deceive users and compromise their funds.

Wietse Wind, a prominent developer in the XRPL ecosystem, separately warned users that there is no “Xaman token,” highlighting an emerging pattern of fake token announcements designed to mislead investors.

Firelight and Flare Network targeted by impersonatorsThe operators of Firelight, an XRP-based liquid staking protocol running on the Flare Network, issued their own alert. In an official statement, Firelight cautioned users to interact only with its verified X account, Discord server, and website, as several fake accounts had begun impersonating the project. The team urged people to ignore these false profiles and to avoid providing any information or assets to fraudulent sources.

The incident highlights the challenges digital asset holders face in monitoring for scams, especially as cybercriminals persistently develop new methods to exploit unsuspecting users. As the ecosystem evolves, platforms like 1stepSwap are emerging to address transparency and security concerns. Through its innovative structure, 1stepSwap makes it possible to access real-world assets such as major US company shares and commodities directly on the blockchain using a personal wallet, streamlining portfolio diversification and ensuring users always receive the best prices available, while eliminating unnecessary intermediaries.

Law enforcement interventionResponding to the surge in crypto-related scams, authorities in Seoul arrested three people this week accused of operating a fraudulent XRP staking platform. Investigators reported that the group impersonated Flare Network and FXRP projects, tricking 71 victims into transferring approximately 3.4 million XRP. The suspected scammers ultimately amassed digital assets worth 27.3 billion won, equal to about $19 million, in their wallets.

Officials noted an increase in criminal tactics such as launching fake staking opportunities or issuing counterfeit utility tokens, underscoring the importance of verifying every detail before engaging with any blockchain project.

The series of incidents underscores the persistent risk facing holders of XRP and other digital assets, who are advised to maintain vigilance and ensure they interact solely with trusted sources for all transactions and project updates.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Amid consistent efforts to continue advancing the XRP Ledger, a major upgrade has been released to fix the network amid rising vulnerabilities.

In a recent post from the XRP Ledger Foundation, developers have confirmed the successful rollout of a major software update to better advance the XRP Ledger.

XRP Ledger tackles manifest floodThe new upgrade has been issued to strengthen the XRP Ledger after developers identified a manifest flood that affected nodes on Friday, July 31.

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Although reports showed that the incident had yet to affect the operations of the network, as ledgers continued to close normally throughout, the development team swung into action promptly to fix the issue and prevent similar events from happening again. 
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Also, the team has yet to disclose the root cause of the issue and how it happened, but they mentioned that the problem was tied to how XRPL nodes handled validator manifests. 

Notably, nodes could accept, store, and rebroadcast an unlimited number of manifests from unknown validator keys before the update. This behavior gave room for unnecessary resource consumption even though it did not impact the network's ability to process transactions.

XRPL's new upgrade introduces four new protections Following the release of the new upgrade, the network now rejects unusually large manifests, limits the number of incoming manifest batches that can be processed, places a cap on the bulk manifest data shared with new peers, and prevents nodes from storing manifests from more than 100 unknown validator keys.

The XRP Ledger developers also improved the blockchain in a way that unknown validator manifests will no longer be saved to disk, meaning any flood of unwanted data will be cleared after a node restarts instead of remaining in the system.

The XRP Ledger Foundation has announced the deployment of a significant software update designed to strengthen the XRP Ledger’s resilience against a recent vulnerability affecting node performance.

XRP Ledger Foundation responds to manifest floodAfter developers detected a manifest flood impacting nodes on Friday, July 31, the XRP Ledger Foundation acted swiftly to contain the issue and release an upgrade. The foundation, a non-profit dedicated to supporting and advancing the XRP Ledger blockchain ecosystem, confirmed that the network’s operations and transaction processing remained unaffected throughout the incident. Ledger closings continued without interruption, but the team prioritized patching the vulnerability to prevent future disruption.

The root cause of the manifest flood has not yet been disclosed. However, developers indicated that it was tied to how nodes process validator manifests—key cryptographic documents used to guarantee the authenticity of validators within the ecosystem.

Prior to the upgrade, nodes permitted unlimited acceptance, storage, and rebroadcasting of validator manifests from unknown sources. While this did not interrupt transaction processing, it created unnecessary consumption of network and computing resources.

Mini dictionary: Validator manifests, in the context of the XRP Ledger, are cryptographically signed documents that associate an operator’s master key with their ephemeral signing key, allowing other network participants to verify the legitimacy of validators and manage key rotations securely.

The XRP Ledger Foundation stated that the new software protections are intended to address vulnerabilities that could lead to excessive resource use by limiting unwanted data from unknown sources, even though the flooding event did not impact the network’s ability to close ledgers or process transactions.

Four new protections added to XRPLThe software upgrade introduces four major security measures. Firstly, the network now actively rejects abnormally large manifests, closing an avenue for excessive data flooding. Secondly, there is a strict limit to the number of manifest batches that can be processed from incoming connections.

Thirdly, the amount of bulk manifest data that can be exchanged when connecting to new peers is now capped. This measure further restricts the potential impact of large floods of validator metadata.

Finally, nodes are restricted from storing manifests from more than 100 unknown validator keys. In addition, the system has been updated so that unknown validator manifests are no longer written to disk. As a result, any unwanted validator data will be cleared whenever a node restarts, rather than remaining stored within the network.

The XRP Ledger Foundation emphasized that these protections are designed to ensure network stability and prevent future incidents involving resource exhaustion without limiting the efficiency or openness of validator operations.

These security improvements are expected to reinforce the longevity and performance of the XRP Ledger, an open-source decentralized blockchain that powers the XRP cryptocurrency and supports fast, cost-effective transactions globally.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP is displaying clear indications of stronger institutional involvement, with the XRP Ledger’s average transaction size now reaching $85,290. Market analyst Xaif Crypto observed that this figure marks the highest among the top 10 digital assets, well ahead of Bitcoin, whose average transaction size sits at $10,600. Ethereum is not far behind, averaging around $2,930 per transaction.

Large Transactions Signal Institutional ActivityThe average transaction size represents the value transferred per on-chain transaction, differing from raw transaction volume. When such numbers climb to these levels, it often points to activity by asset managers, exchanges, payment providers, custodians, large OTC desks, and corporate treasuries.

In practice, these institutions move considerable amounts for purposes such as settlement, liquidity management, portfolio rebalancing, and long-term asset custody. The jump in value per transfer strengthens the impression that institutional players are increasingly active on the XRP Ledger.

It is important to note that a higher average transaction size does not mean XRP processes a greater number of transactions than Bitcoin or Ethereum. Instead, it reflects a higher value being settled with each payment, a trait commonly seen during periods of pronounced enterprise use and financial flows tied to real-world applications.

Record-high XRP transaction values and persistent institutional flows highlight the shift toward large-scale capital transfers on the ledger, further differentiating XRP’s network from speculative retail trading.

This trend coincides with a period of accelerating momentum from institutional participants around XRP.

Evernorth’s Strategic Push for XRP Treasury HoldingsEvernorth Holdings has taken a step forward towards closing its SPAC merger with Armada Acquisition Corp. II by submitting Amendment No. 5 to its S-4 registration statement to the U.S. Securities and Exchange Commission. If successful, the merged entity plans to trade on Nasdaq under the ticker XRPN.

Board filings revealed details of Evernorth’s executive compensation packages: Chief Legal Officer Jessica Jonas is due to receive a $400,000 base salary, a 50% target bonus, and $4.5 million in restricted stock units. Both Chief Business Officer Sagar Shah and Chief Operating Officer Megumi Nakamura are set for $300,000 base salaries, 50% target bonuses, and $2.8 million in RSUs each. The compensation structure ties leadership incentives to long-term equity, aligning with Evernorth’s strategy to accumulate significant XRP reserves and establish itself as the top publicly listed XRP treasury company.

Mirroring strategies used by Bitcoin treasury firms, Evernorth plans to hold XRP as a strategic balance sheet asset instead of engaging in active trading. Such an approach aims to reduce circulating supply and provide mainstream investors with indirect exposure to XRP through public markets.

Surging On-Chain and ETF Flows Underscore Growing DemandOn-chain data further reinforces institutional appetite. Binance recently recorded the highest-ever count of XRP exchange outflow transactions. Since their introduction, U.S. spot XRP ETFs have drawn more than $1.5 billion in net inflows. Historically, large exchange outflows suggest investors are securing digital assets in private storage rather than keeping them on trading platforms, tightening overall supply.

These developments all point to a similar dynamic: rising transaction sizes, ETF investments, exchange outflows, and Evernorth’s treasury accumulation indicate that institutions are building larger positions in XRP and pivoting toward long-term holdings.

Bridging Traditional Finance and the Digital EconomyAs attention shifts to on-chain metrics and regulatory progress, the trend highlights a maturing market for real-world financial flows on the XRP Ledger. This evolution is further complemented by platforms such as 1stepSwap, which enables users to access tokenized shares of major U.S. corporations and commodities like gold and silver directly from their wallets. By instantly sourcing optimal prices and executing trades without intermediaries, 1stepSwap expands access to the world’s largest stocks and diversifies portfolios across both digital assets and traditional securities.

Together, the convergence of large-scale capital transfers, strategic corporate treasury moves, ETF inflows, and real-world asset integration is shaping XRP into a core network bridging the gap between traditional finance and the emerging crypto economy.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP (CRYPTO: XRP) has traded within a tight range over the past two months, but that period of consolidation may be nearing an end as exchange-traded fund (ETF) inflows accelerate ahead of the v3.3.0 upgrade. The Ripple-linked token was trading at $1.0575, just above its year-to-date low of $1.00.

Bitwise’s XRP ETF has over $315 million in assets, while Franklin, Canary, 21Shares, and Grayscale funds hold $254 million, $245 million, $115 million, and $58 million in assets, respectively.

It also happened as investors waited for the upcoming v3.3.0 upgrade of the XRP Ledger network. This upgrade is a major milestone for the platform as it will position it as a major player in key industries like tokenization, institutional finance, payments, and decentralized finance.

It will achieve that by introducing confidential multi-purpose tokens (MPT) that will bring privacy for tokenized assets using zero-knowledge proofs. Additionally, the version will introduce batch transactions, sponsored fees and reserves, permission delegation, and dynamic MPTs. Crypto prices tend to do well ahead of major upgrades. 

Still, XRP faces some major challenges, including the potential delay of the CLARITY Act and the potential for Federal Reserve hikes.

XRP Price Technicals Suggest Bottoming is HappeningThe daily chart shows that the Ripple token is showing some bottoming signs. It has failed to move below the important support level of $1.0577 several times since June this year. Such a bottom is a sign that bears are hesitant to placing trades below that level.

The coin has also formed a bullish divergence pattern as the Relative Strength Index has formed an ascending trendline. Therefore, if this happens, the token will likely rebound to the next key resistance level of $1.2900, its highest level on June 15, which is about 21% above the current level.

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Ripple's "North Star" token, XRP, is ending July at $1.06. After a prolonged decline, the main question heading into the new month is whether the asset can break its four-year streak of negative August closes and finally use its accumulated potential for a bullish breakout from the descending channel.

CryptoRank statistics are clear and stubborn: the last time XRP pleased investors at the end of the summer was in 2021. Since then, August has closed in the red for four consecutive years, with the final month of summer consistently bringing losses.

XRP price history since 2013 (USD), Source: CryptoRankAt the same time, contrary to common assumptions, August is not the worst month in the coin's history. Its historical average return stands at +0.43%, which is significantly stronger than the disastrous performances recorded in June (-6.40%) and February (-6.14%). The main problem with August is precisely this four-year losing streak, which bulls are determined to break.

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Why Q3 2026 can be a launchpad for XRP's price recoveryDespite the gloomy August seasonality, quarterly statistics provide a genuine bullish reason for optimism.

Yes, the first half of 2026 was disastrous for XRP. The first quarter closed with a 27.1% decline, while the second fell by 22.4%, with June alone dragging the coin down by 22.1%. However, the third quarter has started to show a reversal in the trend. Q3 returns have now moved into positive territory at +2.10%, largely because July remained in the green with a gain of 1.91%.

Historically, the third quarter is the best period for XRP's recovery. Its average return stands at +17%, while the median rises to +25.8%. Moreover, the overall Q3 performance has remained positive for the past four years, despite local declines during August.

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The current daily TradingView chart clearly explains why XRP finally has a bullish opportunity. The coin has been moving inside a broad descending wedge for more than a year. The upper boundary of this global trend currently lies around $1.20–$1.25. This level represents the main resistance, and a breakout above it would open the way for a full-scale rally.

XRP price action year-to-year on a daily time frame, Source: TradingViewHowever, the price is currently compressed near the lower boundary of the local support range at approximately $1.05–$1.06.

August will become the decisive battle. It will either confirm its status as a weak period or submit to the broader bullish trend of the third quarter. XRP does not need to set any records to break its four-year losing streak. It only needs to close August above its opening price.

The positive start to the third quarter and the proximity of a strong support zone give the asset its best bullish opportunity to reverse the descending trend in five years.

XRP Ledger developers are preparing five proposed amendments for the upcoming xrpld 3.3.0 release, targeting privacy, atomic settlement, and easier institutional onboarding.

Summary

Five proposed amendments are expected to accompany the xrpld 3.3.0 software release. Confidential MPT would support private token balances and transfer amounts using cryptographic proofs. Batch transactions would enable delivery-versus-payment and atomic settlement across multiple accounts. Amendments require validator approval before they can activate on the XRP Ledger. XRP Ledger v3.3.0 targets institutional transactions Jazzi Cooper, head of product at RippleX, outlined the proposed changes in a post on X. The xrpld 3.3.0 release is anticipated next week, although releasing the software will not immediately activate its amendments.

“XRPL has already proven it can support tokenized assets at scale. Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling,” Cooper said.

She added that the five amendments would move the network closer to supporting those activities. The proposals cover confidential token transactions, transaction batching, delegated permissions, sponsored costs, and adjustable token properties.

XRPL has already proven it can support tokenized assets at scale. Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling.

The upcoming release of xrpld 3.3.0 includes five amendments that move XRPL significantly closer to that goal.…

— Jazzi Cooper (@jazzicoop) July 31, 2026 Each amendment must pass through the XRP Ledger’s validator-governed approval process. Amendments affecting transaction processing generally need at least 80% support from trusted validators for two consecutive weeks before taking effect.

The upgrade follows the activation of fixCleanup3_2_0 on July 29. XRPScan data showed that the amendment received support from 30 of 35 participating trusted validators, equivalent to 85.71%.

Its activation made version 3.2.0 the minimum software release compatible with the updated mainnet rules. Nodes running version 3.1.0 or earlier became amendment-blocked and could no longer follow validated ledgers correctly.

Confidential MPT would add token privacy Confidential MPT would add native privacy features for Multi-Purpose Tokens on XRPL. The proposal uses elliptic-curve encryption and zero-knowledge proofs to conceal token balances and transfer amounts while allowing authorized verification.

Issuers and holders could keep transaction data private from the public while granting access to a designated third party, such as an auditor or regulator. The arrangement is intended to balance commercial confidentiality with institutional reporting and compliance requirements.

“For financial institutions, privacy is often a prerequisite for using public blockchain infrastructure,” Cooper said.

The proposal could be relevant to US-regulated institutions evaluating public blockchains for tokenized assets. Banks, broker-dealers and asset managers often need transaction confidentiality while retaining records that can be reviewed by auditors or regulators.

However, the amendment would represent a network-level technical function, not regulatory approval for any specific financial product or activity.

Batch and delegated permissions support settlement The proposed Batch amendment would allow transactions involving multiple accounts to execute atomically within one ledger. Either every part of the batch would succeed, or the entire operation would fail.

The structure can support delivery-versus-payment, where the transfer of an asset and its corresponding payment occur together. It could also reduce settlement risk in more complicated workflows involving several accounts or assets.

Permission Delegation would allow an account holder to grant narrowly defined transaction permissions without transferring control of the account’s signing authority. An institution could therefore authorize a treasury or operations team to perform specific tasks while keeping its issuance keys under separate control.

Sponsored Fees and Reserves would address another onboarding issue by allowing a bank, issuer, or platform to cover transaction fees and account reserves for users.

“Users continue to own their accounts and keys, while removing one of the biggest onboarding hurdles: requiring every participant to acquire and manage XRP before they can interact with the network,” Cooper said.

Dynamic MPT would make issued tokens adjustable Dynamic MPT, the fifth proposed amendment, would let issuers modify selected token properties after issuance. Adjustable fields could include transfer fees, metadata, and other predefined features.

Issuers currently may need to create a replacement token when important terms require changes. Dynamic MPT is intended to provide limited flexibility without requiring an entirely new issuance, although the final amendment specifications will determine which properties can be changed.

The proposed features arrive as XRPL records increased tokenized real-world asset activity. RWA.xyz data showed that the network added approximately $2.6 billion in RWA value during the six months through July 26, excluding stablecoins.

That ranked XRPL second among tracked networks for net RWA inflows, behind BNB Chain at about $3 billion and ahead of Stellar at roughly $2.1 billion. XRPL’s combined distributed and represented RWA value reached approximately $4.38 billion.

Validator operators will be able to review the amendments as their specifications become available. Activation will depend on whether each proposal independently secures the required consensus after xrpld 3.3.0 is released.

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1 August 2026 | 09:43 XRP held near $1.06 on August 1, with price still confined between $1.05 support and resistance near $1.11 as Binance open interest fell to a 15-month low.

Key Takeaways Binance open interest fell to approximately $186 million, its lowest since April 2025. The lighter derivatives market reduces liquidation risk but provides little indication of direction. The expected xrpld 3.3.0 release includes five amendments that will still require validator approval. XRP trades near $1.06 after breaking below its rising triangle and finding support around $1.05.

Our July 28 analysis identified $1.05 as the next important test after price lost the triangle’s lower boundary. Buyers defended the level, but the rebound stopped below both the broken trendline and the 50-day simple moving average.

Price has remained in that narrow area since then, without retesting $1.05 or making a serious attempt to recover $1.11.

Daily technical price chart showing XRP moving sideways. Open Interest Has Reset While Price Stalls According to a CryptoQuant analysis, open interest in Binance’s stablecoin-margined XRP contracts fell to approximately $186 million on July 31, its lowest level since April 2025.

Bybit held roughly $229 million, while OKX accounted for another $49 million. Binance and Bybit represented nearly 89% of the combined open interest across the three exchanges.

CryptoQuant chart tracking XRP multi-exchange open interest across multiple derivatives platforms. Open interest measures the value of futures positions that remain active. The current reading shows that less leveraged capital is committed to XRP than during the major expansion phases of 2025.

With fewer positions in the market, XRP is less exposed to a large chain of forced liquidations. There is also less speculative pressure capable of quickly driving price beyond either side of the current range.

The data does not reveal whether the next expansion will favor buyers or sellers. Funding rates, volume, liquidations and spot demand are still needed to determine which side is becoming more active.

xrpld 3.3.0 Brings Five Amendments Back Into Focus The XRP Ledger community is also watching the expected release of xrpld 3.3.0.

The release is expected to introduce five proposed amendments for validator consideration:

Confidential MPT: Private balances and transfers for Multi-Purpose Tokens. Batch: Multiple transactions processed together as one operation. Permission Delegation: Controlled account permissions assigned to another address. Sponsored Fees and Reserves: Third parties covering users’ ledger costs. Dynamic MPT: Selected token properties that issuers can modify. Batch and Permission Delegation are revised versions of amendments withdrawn after earlier security reviews.

The original Batch amendment contained a signature-validation flaw that could have allowed unauthorized transactions. Permission Delegation was withdrawn after researchers found that an improperly signed transaction could charge fees to another account.

Neither flaw reached the live network. Their return in revised form reflects additional security work rather than the introduction of five entirely new features.

Jazzi Cooper, head of product at RippleX, posted on X that the amendments are intended to expand how tokenized assets can be transferred, traded, used as collateral and settled on XRPL.

XRPL has already proven it can support tokenized assets at scale. Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling.

The upcoming release of xrpld 3.3.0 includes five amendments that move XRPL significantly closer to that goal.…

— Jazzi Cooper (@jazzicoop) July 31, 2026

The software release would not activate them immediately. Each amendment must receive support from more than 80% of trusted validators and maintain that threshold for two weeks.

The release may increase developer and community activity, but its effect on XRP will depend on whether that attention produces new market demand.

The Chart Still Comes Down to $1.05 and $1.11 Resistance sits near $1.11, where the 50-day SMA at approximately $1.105 meets the former lower boundary of the rising triangle.

A move into that area would recover some of the decline, but the July breakdown would remain relevant until XRP closes above both the moving average and the broken trendline.

Support remains near $1.05, which has held since July 2 and stopped the latest decline after XRP left the triangle. A daily close beneath it would expose the June 26 low near $1.01.

For now, XRP remains between those levels. Open interest shows limited derivatives participation, while the expected xrpld release provides a scheduled network event rather than a confirmed price catalyst.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Technical levels, open interest and protocol developments do not guarantee future price performance. Methodology: The analysis uses the XRP/USD daily Coinbase chart dated August 1, 2026, including the 50-day SMA and triangle structure; CryptoQuant stablecoin-margined open-interest data through July 31; the July 28 Coindoo analysis; and official XRP Ledger documentation and vulnerability disclosures. Author

Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.

XRP Ledger Upgrade Could Make Owning XRP Optional: Will Demand Fall?

The XRP Ledger is about to get its most consequential upgrade in months. The xrpld 3.3.0 core server update is scheduled for release during the week of August 3-9, and it packs five amendments that touch everything from transaction privacy to institutional onboarding.

Jazzi Cooper, Head of Product at RippleX, announced the update on July 31, framing it as a leap forward for tokenized asset use cases including global transfers, trading, collateralization, and settlement.

What’s actually in the update Confidential MPT introduces zero-knowledge proofs to Multi-Purpose Token transactions. Token transfers can now be verified as valid without revealing the underlying amounts or details to everyone on the network.

Batch (BatchV1_1) enables atomic execution of up to eight cross-account transactions. Either every transaction in the batch goes through, or none of them do.

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Permission Delegation allows for narrowly scoped signing authority. Rather than handing over full account control, users can delegate specific transaction permissions.

Sponsored Fees and Reserves lets institutions cover XRP transaction fees and reserve requirements on behalf of their users.

Dynamic MPT gives token issuers the ability to adjust token properties after creation. Issuers can modify parameters post-launch, which adds flexibility for compliance changes, evolving regulatory requirements, or simply fixing mistakes.

The Batch amendment’s rocky history The Batch feature deserves its own section because its path to this release has been anything but smooth. The amendment originally reached the validator voting phase back in February 2026, which should have been a routine step toward activation.

A bug bounty program uncovered a critical signature validation flaw that could have allowed unauthorized transaction executions. The bug was severe enough that Ripple pulled the amendment entirely and disabled it in version 3.1.1. No funds were lost during the incident, as the bug was caught before mainnet activation. The discovery pushed Batch’s timeline back by roughly five months.

The reintroduced version, labeled BatchV1_1, presumably includes the fix for that vulnerability. The version bump signals this isn’t just a re-release of the same code.

Version 3.2.0 arrived in June 2026 with memory optimizations, while versions 3.1.1 through 3.1.3 focused on bug fixes. The 3.3.0 release is the first since then to introduce new functional capabilities rather than maintenance patches.

The activation process and what comes next None of these amendments go live automatically. Each one requires at least 80% approval from XRPL validators, sustained over two consecutive weeks, before activation. Validators need to upgrade their nodes to 3.3.0, then signal support for each amendment individually.

The Batch amendment already failed once due to a security flaw, and while the fix appears to be in place, validators may be more cautious this time around. Investors should watch validator signaling closely in the weeks following the release, as the 80% threshold will be the real test of whether the XRPL community is aligned on this direction.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Business leader Jake Claver has warned that XRP investors should look beyond short-term market movements and address the broader impact of their digital assets on estate planning. Claver emphasized that significant gains in cryptocurrency portfolios may create tax and inheritance challenges if not managed proactively.

Federal estate tax exposure for large crypto portfoliosClaver highlighted that, under current law, the federal estate tax exemption stands at $15 million for individuals and $30 million for married couples for 2026. Any portion of an estate exceeding these thresholds faces a 40% tax rate at the federal level.

He explained that investors holding substantial XRP positions without a trust risk exposing a considerable part of their wealth to this federal levy. For those whose total assets may someday surpass these limits due to crypto price appreciation, early planning could be critical.

If you hold XRP with no trust in place, everything above the estate tax exemption is exposed to a 40% federal rate. That exemption is $15 million per person now, $30 million for a couple. A trust can move future appreciation out of your taxable estate and make sure your heirs can actually reach the assets.

Claver urged investors to act before substantial appreciation occurs, to mitigate potential tax liabilities rather than waiting until assets reach higher valuations.

Role of trusts in estate planning for digital assetsPlacing XRP holdings into an irrevocable trust while asset values remain relatively modest can transfer future appreciation away from the owner’s taxable estate. Claver noted that this common estate planning strategy allows the value growth after the transfer to escape federal tax calculation at death, benefiting heirs by reducing tax exposure.

Irrevocable trusts require individuals to relinquish direct control and ownership of the assets. Because of their complexity, financial professionals recommend seeking legal advice before moving forward with such arrangements.

By including cryptocurrency in these trusts early, investors can leverage the current value of their digital assets to potentially shield larger sums in the future. The approach is considered especially relevant for assets expected to gain substantial long-term value.

Protecting access to digital assetsClaver further addressed the practical challenges unique to digital asset inheritance. With cryptocurrencies, access relies on private keys or hardware wallets, and without proper legal and technical arrangements, heirs might be unable to retrieve holdings even if they are entitled to them.

Trust structures can establish clear instructions and safe management for wallet credentials, simplifying the handover to beneficiaries if the original owner passes away or becomes incapacitated.

Cryptocurrencies do not operate like traditional financial accounts. Without thorough legal instructions and clear succession planning, heirs may permanently lose access to digital assets.

Professionals also note that some states impose their own estate or inheritance taxes with lower exemption limits, which adds further complexity for high-net-worth individuals holding XRP or similar cryptocurrencies.

Diversifying strategies and market accessEffective estate and asset planning is only one dimension of cryptocurrency management. Platforms such as 1stepSwap have expanded investor options by integrating the purchase and sale of real-world assets—including major U.S. equities and commodities like gold and silver—directly via blockchain wallets. With seamless access and price optimization tools, investors can diversify their portfolios and manage both traditional and digital assets without cumbersome intermediaries or complicated procedures.

Claver concluded that integrating estate strategies with active portfolio diversification can help investors secure long-term value for themselves and their beneficiaries, encouraging XRP holders to be proactive about potential legal, tax, and succession issues associated with growing digital wealth.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Technical analyst Dark Defender has drawn new attention to XRP’s price outlook, sharing a detailed long-term chart and expressing confidence in the cryptocurrency’s potential for substantial gains.

XRP’s technical pattern signals possible bull runPosting his latest chart on X, Dark Defender highlighted multi-year technical developments in XRP, focusing on the asset’s apparent resilience despite prevailing market headwinds. He emphasized his perspective with the comment, “The chart speaks. XRP is inevitable,” underscoring his belief that the technical structure remains supportive of an upward move over the years ahead.

The daily and monthly charts, as presented by the analyst, trace XRP’s price cycles with an Elliott Wave interpretation. According to this analysis, the altcoin has completed a significant corrective phase and is now positioned for a potential long-term advance.

Key elements of the technical overview include an ABC corrective wave structure seen as finished, followed by anticipation of an impulsive five-wave rise. The analyst identified the $1 mark as a crucial support region and outlined a series of Fibonacci extension targets.

The chart details the 161.8% Fibonacci extension near $1.88, the 200% mark around $2.90, the 261.8% level at $5.86, a 300% extension at $9.03, and an ambitious target of $18.23 for the 361.8% extension, should the projected wave structure unfold successfully.

Dark Defender’s chart also highlighted a rounded base formation spanning several years, suggesting a prolonged accumulation period for XRP leading up to a possible sustained rally. The technical path expects intermittent volatility, yet outlines a broader bullish trajectory through the full Elliott Wave count.

Community reactions and long-term sentimentThe post quickly sparked discussion within the XRP community. Commenters shared optimism about the asset’s future while acknowledging the ongoing patience required of long-term holders. For example, SKIXSKIS remarked that their involvement with $XRP dates back to 2016, noting hopes that the “inevitable” upward move will materialize sooner rather than later, reflecting the anticipation of many veteran investors. Another user, Jack J, expressed confidence in the analyst’s roadmap, stating his belief in the potential for the projected movements to play out over time.

While the analysis is grounded in technical indicators and long-term price structures, the realization of proposed targets ultimately depends on wider market dynamics, investor attitudes, and industry developments.

As technical observers continue to track pivotal support and resistance levels, tools that streamline crypto market monitoring are gaining interest among investors. CryptoAppsy, which requires no account creation hassle, combines investment tracking, real-time prices, multi-currency portfolio management, detailed charts, smart price alerts, customized news feeds, and instant discovery of newly listed altcoins—all on a single screen. By providing timely macroeconomic data such as Fed interest rates, the application lets users closely track technical breakouts and stay prepared for market opportunities.

Despite enthusiastic community engagement and compelling chart analysis, market participants remain aware that any price projections involve uncertainty. Technical frameworks such as Elliott Wave are popular for forecasting trends, but broader sentiment and macro factors can heavily influence outcomes.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

US spot $XRP ETFs have quietly crossed a significant milestone, surpassing $1.5 billion in cumulative net inflows, according to data from SoSoValue. Total assets across the funds have climbed back above $1 billion, representing approximately 1.48% of XRP's overall market capitalisation.

Steady, One-Directional Flows What stands out is not the size of the flows but their consistency. Outflows have remained relatively modest, with even one of the largest weekly withdrawal periods this year seeing only around $7 million leave the funds. The category has recorded just one negative week since late May and has posted three consecutive green weeks heading into the end of July. Thursday's session added $5.98 million, split between @Bitwise and Franklin.

The products attracted capital quickly after launch, reaching $1 billion in cumulative inflows by mid-December 2025, less than a month after the first spot XRP ETF entered the market, with daily inflows regularly exceeding $20 million in that early period. The pace moderated after cumulative inflows climbed above $1.2 billion in early January 2026, when the ETFs recorded their first daily net outflow of $40.8 million. Since then, flows have been smaller but persistently positive.

Bitwise Leads, Canary and Franklin Follow Among individual issuers, @Bitwise holds the top spot. The Bitwise XRP ETF leads all spot XRP ETFs with $504 million in cumulative net inflows, ahead of Canary Capital's $467 million and Franklin Templeton's $425 million. The Bitwise product accounts for roughly a 33% share of total cumulative net inflows, the largest for any single product.

The category's accumulation has come from smaller, specialised issuers including Bitwise, Canary, Franklin, Grayscale, and 21Shares, without the mega-allocator channel that a firm like BlackRock provides, which is part of why total assets under management remain modest relative to Bitcoin's tens of billions. Bitcoin ETFs, by comparison, hold more than $94 billion in net assets.

Still, the directional consistency of XRP ETF flows has caught attention. Bitcoin and ether products have shown cooling institutional appetite, but XRP products have continued adding money, taking in roughly $35 million between May 20 and May 29 while bitcoin ETFs lost approximately $1.70 billion and ether ETFs shed $309 million over the same period.

Sources:
The Crypto Basic: XRP ETFs Reach Record $1.5B in Cumulative Inflows
CoinDesk: XRP-linked ETFs Drew Inflows as Bitcoin and Ether Funds Lost $2 Billion
SoSoValue: US XRP Spot ETF Data Dashboard

RippleX Head of Product Jazzi Cooper has confirmed that the long-anticipated xrpld 3.3.0 upgrade will be officially released next week, marking a new milestone in the evolution of the XRP Ledger (XRPL).

Key features and institutional boostThis release consolidates five core amendments into a single, comprehensive upgrade package. The update is expected to drive the XRPL ecosystem toward widespread global adoption, extending its use from cross-border payments and trading to collateral management and instant settlement processes.

All new features are subject to independent review and approval by the community’s validators before activation, following the XRPL network’s established procedures. The technical specifications and documentation for these changes are already available on Ripple’s open-source platform.

Ripple has outlined a plan to release additional technical analyses and security reports in the coming weeks. These resources are intended to assist node operators and developers with seamless code integration and to reinforce trust in the protocol’s security and governance.

This upgrade eliminates technical and legal obstacles that have long impeded traditional financial institutions from participating in public blockchains.

Among the most significant changes introduced is support for secure institutional delivery-versus-payment (DvP) settlements. The protocol now enables up to eight transactions to be executed atomically, ensuring that all are processed together or none at all. This all-or-nothing execution is designed to enhance reliability and compliance for institutional transactions.

User experience improvements and real-world asset integrationThe upgrade also seeks to simplify blockchain interactions for everyday users. One of the standout features is fee sponsorship, which permits large institutions to cover network transaction fees on behalf of their clients. As a result, ordinary users are no longer required to buy or store XRP in order to transact on the network.

Regulatory adaptability is addressed by allowing token parameters to be updated dynamically. This capability is aimed at ensuring compliance with evolving legal frameworks, further positioning XRPL as a foundation for the secure circulation of tokenized assets.

Against this technical backdrop, practical solutions are emerging to bridge the crypto and traditional finance sectors. Platforms such as 1stepSwap play a growing role by transferring real-world assets like US company shares and commodities including gold and silver directly onto the blockchain. This approach allows users to access these assets via their wallets without intermediaries or unnecessary complexity.

The most unique aspect of 1stepSwap lies in its ability to scan the market for the best available price at any given instant, giving users the capability to buy and sell leading global stocks rapidly and at optimal rates while diversifying their holdings.

Infrastructure for compliant tokenizationCombined, these technical upgrades and user-centric developments aim to transform XRPL into a robust infrastructure for the compliant movement of tokenized capital. By addressing both the needs of institutional players and simplifying user access, the network positions itself at the frontier of blockchain adoption in regulated financial environments.

The fee-sponsorship capability is set to remove a key barrier for mainstream users, allowing institutions to handle transaction costs and reducing friction for new entrants.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Japanese financial giant SBI Holdings says its stake in Ripple remains worth roughly 6.6 trillion yen (about $45 billion) despite a recent slowdown in XRP's price, underscoring the company's continued confidence in the blockchain firm as regulatory clarity begins to take shape.

Speaking during SBI's first-quarter earnings presentation, Director Yasuo Nishikawa, who was replacing CEO Yoshitaka Kitao for the presentation, said XRP's recent weakness appeared to coincide with uncertainty surrounding the U.S. CLARITY Act, the much-talked-about legislation that has so far failed to pass. 

"As if waiting to see the outcome of the CLARITY Act, XRP's price has been sluggish. Even so, the value of our holdings in Ripple alone stands at 6.6 trillion yen."

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The comments came as SBI reported record first-quarter earnings across every level of profitability, with quarterly profit attributable to shareholders reaching 148.1 billion yen. This figure is nearly 2.5 times higher than a year earlier.

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The company's private equity business, which includes its investment in Ripple, was one of the strongest-performing segments during the quarter. SBI said profit from the division surged 328% year-over-year to 119.9 billion yen. The growth can be mostly attributed to its investments in advanced technologies, including crypto, artificial intelligence, semiconductors, and quantum computing.

Crypto headwinds SBI acknowledged that its cryptocurrency business faced headwinds due to subdued market conditions. The segment posted a 1.4 billion yen pretax loss, although the company noted that its global crypto market-making subsidiary B2C2 remained profitable.

The financial titan said it is positioning itself to benefit once market activity rebounds. 

Its recent crypto-related initiatives include the launch of support and lending services for the Japanese stablecoin JPYS, as well as new partnerships and strategic investments that are centered on on-chain finance.

The company also reiterated plans to complete its acquisition of Japanese cryptocurrency exchange Bitbank in August. SBI expects its combined crypto business to serve roughly 3 million customer accounts with approximately 870 billion yen ($5.9 billion) in assets under custody. 

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Of course, it should also be noted that SBI has long been one of Ripple's closest partners. 

The two companies are promoting blockchain-powered payment solutions across the Asia-Pacific region. 

The latest valuation shows Ripple remains one of the most valuable assets within SBI's investment portfolio. 

Has Bitcoin Hit Bottom, or Is a Shakeout on the Way? What About XRP?

Japanese financial conglomerate SBI Holdings has put a 6.6 trillion yen price tag, roughly $41 billion, on its stake in @Ripple, disclosing the figure during its earnings presentation for the April to June quarter. A company director attributed the sluggish performance of $XRP to market uncertainty around the US CLARITY Act, describing the cryptocurrency as seemingly waiting on the outcome of the stalled legislation.

Record Earnings, Quiet Crypto Markets SBI recorded its most successful first quarter ever, with revenue growing to 571 billion yen and net profit attributable to shareholders reaching 148.1 billion yen, up 149.9% year over year. The Ripple holding sits within the group's private equity division, which was its best-performing segment. The crypto asset business itself posted a 1.4 billion yen pretax loss amid weak market conditions, though the group's global crypto market maker B2C2 remained profitable.

On the regulatory backdrop, the Senate Banking Committee advanced the CLARITY Act in May, and it appeared on the Senate's Legislative Calendar on June 1. The bill missed the White House's July 4 target but remains eligible for a floor vote whenever Senate leadership schedules one. The SEC and CFTC jointly classified $XRP as a digital commodity in March 2026 through regulatory interpretation, and the CLARITY Act would write that status into federal statute, removing the risk of a future reversal.

Doubling Down: The Bitbank Acquisition Despite the soft crypto quarter, SBI is expanding its digital asset footprint. SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank for 46.7 billion yen ($288.6 million), a deal that would create Japan's largest regulated crypto exchange group. Combined with SBI VC Trade, the merged operation would hold an estimated 2.92 million crypto asset accounts and approximately 1.1 trillion yen, around $6.8 billion, in assets under custody.

The acquisition is expected to close in or around October 2026, subject to approval by the Japan Fair Trade Commission. SBI has framed the purchase as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan. The group has maintained close ties with Ripple since 2016 and remains one of its largest external shareholders, with an estimated 9% equity stake.

Sources:
CoinGape: SBI Holdings reaffirms $41.2B stake in Ripple despite XRP price weakness
CoinDesk: SBI Holdings to buy Bitbank for $289 million
Bitcoin Magazine: SBI Holdings agrees to acquire Bitbank

Ripple [XRP] was trading just above the $1 level. It was down 2% in 24 hours, following Bitcoin’s slip below the $63k level in recent hours. July 30 saw strong spot STF inflows of nearly $6 million for XRP, signaling some investor conviction.

Total net assets were at $1 billion, but the price action was dominated by sellers.

Onchain, a consolidation phase and reduced leverage could lead to healthier market conditions in the future. Here’s how.

Clues from whale accumulation and falling XRP inflows Source: CryptoQuant Data showed that XRP withdrawal transactions from exchanges reached their highest since February 2021. Their strongest dominance in five years was accompanied by XRP deposits falling to their lowest since 2021, too.

This shift accelerated towards the end of July, signaling potentially increased accumulation.

It must be clarified that the metric deals with transaction counts, not transfer volume. Hence, it does not prove sizeable capital flow away from exchanges.

Source: CryptoQuant At the same time, the withdrawal transactions reached multi-year highs, while XRP exchange inflows reached their lowest level ever. Crypto analyst Darkfost observed that the average monthly XRP inflows to the platform now stand at around 3.6 million XRP.

This number might seem large, but it’s the lowest monthly inflow figure on record. Combined with the heightened withdrawals, the onchain metrics pointed toward holders unwilling to sell XRP in large numbers.

Seller exhaustion and consolidation phase ahead The analyst concluded that the low inflows represented seller exhaustion. It could help XRP build a base above $1 and consolidate. It remains to be seen if strong demand will arrive soon to drive price trends higher.

Source: CryptoQuant The estimated leverage ratio [ELR] tracks the ratio of Open Interest to exchange reserves of the asset. The exchange reserves were at the lowest since February, and OI has been declining since May.

The falling ELR underlined deleveraging in the market. A reduced systematic risk from leverage can give XRP more room to consolidate and offer a more stable derivatives market, less prone to liquidity hunts and price volatility.

These conditions could lead to a prolonged consolidation phase that long-term investors could investigate as a buying opportunity.

Final Summary The XRP news was positive, with increased withdrawals, falling exchange inflows, and an uptick in spot ETF inflows compared to earlier this week. The price was holding above the psychological $1 support level, and falling ELR made the argument that the consolidation phase would continue.

Ripple [XRP] is slightly down by around a percent but still accounts for a sizeable daily trading volume. The altcoin’s daily volume is about $1.06 billion, slightly lower than the high volumes experienced in a bullish market.

This significant volume results from high network activity growth. Despite that, the price of XRP is lagging, down about 41% year-to-date (YTD).

Network activity on XRP Ledger explodes On-chain data showed immense network growth across multiple divides.

For instance, the XRP Ledger has added 489,739 new accounts in the first half of 2026. As a result, they have hit a new peak level of 8.403 million in July, up from 7.913 million.

Additionally, exchange supply declined to a new 7-year low of 2.748 billion XRP tokens. This indicates accumulation is in progress as coins are moving to self-custody, reducing circulating supply.

Moreover, the cumulative spot ETF inflows hit $1.50 billion, accounting for about 1.48% of the market cap. The daily total net flow was $5.98 million, with a total traded value of $8.83 million.

Source: RippleXity On top of that, Ripple Mint went live for institutional RLUSD. In fact, RLUSD’s market cap was growing on both the XRP Ledger and the Ethereum [ETH] network.

Recently, Ripple minted 15 million RLUSD on Ethereum and then burned 10 million RLUSD in their treasury. The circulating supply of RLUSD on Ethereum has climbed above $712 million, behind the XRP Ledger with $873 million.

Can this help XRP price stay above $1? Meanwhile, the price of the altcoin is around $1.07, a few cents above $1.

Over the past three months, XRP price is down 21.8% and 36.6% in six months. It is still down by more than 66% since last July.

Source: CryptoRank This data confirms the trend is bearish, which risks the altcoin breaking below $1. XRP is only 6.67% away from trading below $1. However, it was trading above the SuperTrend, which was also above this key support level.

The RSI was at 43, below the neutral level, indicating there was mid-selling activity. However, the selling did not outweigh the buying activity as per the exchange supply balances.

Source: XRP/USDT on TradingView Technically, the altcoin is trapped between two dynamic levels at $1 and $1.16. The sideways market reinforces the decline in exchange balance.

Therefore, the growing network activity may help the price hold above the lower support level at $1. If the price breaks down, the bearish market that has persisted for most of 2026 will continue.

Final Summary XRP network activity explodes with 489.7K new accounts added, low exchange balance, and RLUSD market cap growth.   XRP price was trading above $1, with mid-selling hinting at a test of the demand zone, but can bulls hold it? 

Bitcoin struggled to gain momentum on Friday despite tis week’s robust spot ETF inflows.

Notable Statistics:

Coinglass data shows 94,015 traders were liquidated in the past 24 hours for $359.33 million.        SoSoValue data shows net inflows of $233.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $13.3 million. In the past 24 hours, top gainers include MemeCore, Audiera and Pump.fun. Notable Developments:

Trader Notes:

CryptosBatman says Bitcoin’s broader market structure is weakening as it continues to form lower highs while holding a key trendline support. A confirmed breakdown below that support could trigger a move toward the $58,000 level.

Trader KillaXBT notes Bitcoin has fallen 2.8% since the FOMC meeting, in line with historical post-FOMC weakness.

Since six of the last seven FOMC events saw average declines of 4%–5%. The analyst expects a possible retest of the $60,000–$61,000 range, warning that a break below $60,000 could trigger a sweep of the recent lows.

Michael van de Poppe explained that Bitcoin often sees a pullback on the last trading day of the month, even when broader market strength remains intact.

He views the current retracement as a normal range-bound move, advising investors to accumulate during weakness, stay patient, and avoid overreacting to short-term volatility.

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