XRP challenges $1.0349 resistance after XRP Ledger protocol v3.3.0 upgrade pending
#CryptoNewss $XRP $XLM $XPL #Market_Update XRP (XRP) is trading at $1.0337, up 1.21% for the day. The asset sits above its key short-term moving averages, but remains below medium- and long-term averages, reflecting a moderately positive but mixed technical backdrop.
XRP Ledger node version 3.3.0 introduces pending native privacy features, batch transactions, sponsored fees, and advanced token controls, awaiting validator approval.
$3.58 million flowed out of spot XRP ETFs on August 5, while new DeFi and Visa card integrations affect liquidity and use cases amid unclear US regulation.
#CryptoDawar XRP/USD shows short-term bullish momentum and intraday gains but remains below key longer-term trend levels, with a 52% chance of trading in the $1.0157 to $1.061 range over the next 2 to 3 days.
Institutional adoption and privacy as upgrades counter regulatory uncertainty
Developers have rolled out version 3.3.0 of the XRP Ledger node software, adding native privacy features, batch transaction support, sponsored fees, and advanced token controls, though all new capabilities are pending at least 80% validator approval before mainnet activation, according to Crypto. This upgrade, detailed by Kucoin, includes six amendments aimed at enhancing institutional adoption, privacy, and tokenization—initiating the validator voting process required for network-wide implementation. While the broader regulatory landscape remains uncertain following the U.S. Senate's CLARITY Act delay and saw institutional selling pressure, additional developments such as $3.58 million in spot XRP ETF outflows on August 5 as well as DeFi integrations and Uphold's launch of an XRP-backed Visa card for U.S. users contribute to both liquidity shifts and evolving use cases.
Oscillator divergence and resistance tests drive mixed technical outlook
Immediate technical levels are in focus, with XRP trading above the MA-20 at $1.0278 but shy of the MA-50...