Why is XRP down today? Ledger BatchV1_1 amendment and key support levels
#CryptoNewss $XRP $ME $WIF #Market_Update 1.38
XRP (XRP) is trading at $1.387, down 1.53% for the session and approaching the lower end of today's range. The asset remains below its short- and medium-term moving averages while holding above its longer-term trend levels.
#CryptoDawar ETF inflows and ledger growth counteract continued market pressure
U.S. spot XRP ETFs recorded $1.51 billion in net inflows with total net assets of $934.04 million as of August 17, 2026.
The value on the XRP Ledger grew sharply to $4.26 billion from $99 million over six consecutive quarters, while a key protocol amendment remains below activation threshold.
#cryptouniverseofficial XRP trades below key short- and medium-term moving averages, with technical indicators signaling a high probability of further declines toward $1.3482 support.
ETF inflows and ledger growth counteract continued market pressure
U.S. spot XRP exchange-traded funds saw approximately $1.51 billion in net inflows, with total net assets of $934.04 million reported as of August 17, 2026, according to News Edaface. This sizable allocation reflects substantial capital entering ETF products, which can broaden market access and support overall liquidity. In parallel, data from Thecryptobasic indicated a surge in the value recorded on the XRP Ledger from $99 million to $4.26 billion over six consecutive quarters, underscoring growing blockchain activity. Meanwhile, Crypto noted that the BatchV1_1 amendment for the XRP Ledger had reached 68.57% validator support as of September 8, 2026 but was still below the threshold required for activation, maintaining the status quo in ledger operations, though price action has remained under broader selling pressure.
Bearish momentum persists as technical signals stay mixed
Technically, XRP currently sits below the MA-20 at $1.3976 and MA-50 at $1.4079 on the hourly chart, but remains above the MA-200 at $1.2744. Immediate resistance is marked...