XRP Posts First Monthly Gain Since April With 2.18% July Advance

XRP News

The XRP (XRP) altcoin finished July with its first positive monthly close since April, holding above the $1.02 level that traders have treated as the near-term floor. Market data shows the token gained 2.18% over the month, a modest but important change after several flat or negative monthly prints earlier in the year. The close above $1.02 suggests that sellers were unable to force a durable breakdown through the lower end of the summer range, even as liquidity remained thin and volatility stayed compressed. As of early Aug. 2 UTC, price was again hovering around the $1.05 to $1.06 band, a zone that has been tested repeatedly over the prior 24 hours. That repeated probing indicates the market is still searching for direction, with buyers defending the lower boundary and shorts pressing any move that fails to clear recent local highs. A loss of the $1.02 area would likely bring the psychologically important $1.00 level back into focus, while a sustained move above the current range would improve the short-term structure. The broader bear-market backdrop remains relevant because monthly closes are often used by longer-horizon participants to judge whether a recovery attempt has substance. In prior months, rallies faded before they could produce a clean sequence of higher lows and higher closes. July’s result does not confirm a trend reversal, but it does show that the asset can absorb periodic selling without losing its main support. Traders are also comparing the current range with longer-term weekly moving-average levels, including resistance near $1.21 and a much higher zone around $1.80. Those areas are not immediate targets, but they frame the distance between current conditions and a stronger multi-month recovery. The pattern has turned the lower range into a reference point for positioning rather than a simple price level. For now, the market’s central question is whether the $1.02 support can keep holding while August liquidity returns.

The network side of the XRP Ledger is also moving into focus, with five protocol amendments expected to be activated in the week ahead as part of the xrpld 3.3.0 release. RippleX product head Jazzi Cooper has said the software update is currently targeted for the coming week, placing institution-oriented functionality at the center of the August technical calendar. The Confidential MPT amendment would add native privacy controls for Multi-Purpose Tokens, giving issuers more say over which token details appear on the public ledger. The Batch amendment would permit a group of as many as eight cross-account transactions to settle as one atomic unit inside a single ledger, a pattern familiar to users of atomic-swap logic because the whole bundle either succeeds or fails together. Permission Delegation is intended for organizations that must assign narrow transaction rights while retaining ultimate signing control. The Sponsored Fees and Reserves proposal would enable a third party, such as a bank or trading venue, to cover XRP fees and reserve requirements for another user, lowering the barrier for customers who do not already hold the asset. Dynamic MPT would let token creators specify at launch which attributes can later be modified. Taken together, the package points toward a more configurable ledger environment for regulated finance, tokenized assets, and payment applications. It also matters for market structure because better native tooling can influence how assets are issued, transferred, and serviced on-chain. While protocol upgrades do not automatically change price, they can affect developer expectations and enterprise suitability, especially when features address privacy, operational control, and cost sponsorship. The broader automated-market-maker and trading infrastructure around digital assets has become more competitive, so ledger-level improvements are often assessed alongside execution quality and integration costs. For XRP holders, the near-term catalyst is whether the five amendments are delivered on schedule and whether early adoption follows in payment or tokenization workflows.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine shows XRP trading near $1.0813, with the $1.0708 support rated 84/100, driven by Fibo 0.114 and Donchian Lower inputs. The nearest resistance at $1.0978 scores 69/100, reflecting Flip S→R and SMA 20 confluence. Derivatives positioning is skewed long: open interest is $615.1 million, funding is 0.0061%, and the long-short account ratio is 3.20, or 76.2% long. That crowding, alongside a Fear and Greed reading of 27, leaves the market vulnerable to a squeeze if $1.0708 fails. A reclaim of $1.0978 would weaken bearish pressure; a decisive break below support invalidates the stabilization thesis.