XRP is trading near $1.06 after breaking below its rising triangle pattern and finding support around $1.05. A July 28 analysis identified $1.05 as the next critical test after XRP lost the triangle's lower boundary. Buyers defended that level, but the rebound stalled below both the broken trendline and the 50-day simple moving average. Price has remained in a narrow band since then, neither retesting $1.05 nor mounting a serious push toward $1.11.

Open Interest Resets to Lowest Level Since April 2025

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. Together, Binance and Bybit represented nearly 89% of the combined open interest across the three exchanges.

Open interest measures the total value of futures positions that remain active. The current reading indicates that less leveraged capital is committed to XRP than during the major expansion phases seen earlier in 2025. With fewer positions open, XRP faces reduced exposure to cascading forced liquidations. There is also less speculative pressure capable of rapidly driving price beyond either side of the existing range.

Historically, extended declines in open interest often precede periods of compressed volatility, as reduced positioning limits the fuel for sharp moves in either direction. Whether that compression resolves upward or downward typically depends on a shift in spot demand or a catalyst that draws new capital into the market.

The data alone does not indicate whether the next expansion will favor buyers or sellers. Funding rates, trading volume, liquidations, and spot demand remain necessary indicators to determine which side is growing more active.

xrpld 3.3.0 Introduces Five Amendments for Validator Approval

The XRP Ledger community is anticipating the release of xrpld 3.3.0, which 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 a single 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.

These amendments collectively target the XRPL's tokenization capabilities — an area where the ledger has sought to differentiate itself from competing smart-contract platforms by offering native, low-fee issuance of digital assets without requiring a separate virtual machine. Multi-Purpose Tokens, introduced via earlier amendments, extend the ledger's original Issued Currencies model with more flexible issuer controls.

Batch and Permission Delegation are revised versions of amendments previously withdrawn after security reviews. The original Batch amendment contained a signature-validation flaw that could have allowed unauthorized transactions. Permission Delegation was withdrawn after researchers discovered that an improperly signed transaction could charge fees to another account. Neither vulnerability reached the live network. Their return in revised form reflects additional security work rather than the introduction of entirely new features.

Jazzi Cooper, head of product at RippleX, posted on X that the amendments are designed 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 itself would not activate the amendments immediately. Each amendment must receive support from more than 80% of trusted validators and maintain that threshold continuously for two weeks before activation. This governance model, in place since the ledger's early design, is intended to ensure consensus upgrades have broad network support before taking effect.

The release may increase developer and community activity, though its effect on XRP's market will depend on whether that attention translates into new demand.

Technical Levels: $1.05 Support and $1.11 Resistance

Resistance sits near $1.11, where the 50-day SMA at approximately $1.105 converges with the former lower boundary of the rising triangle. A move into that area would recover part of the decline, but the July breakdown remains relevant until XRP/USD closes above both the moving average and the broken trendline.

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

For now, XRP remains range-bound between these levels. Open interest data shows limited derivatives participation, while the anticipated xrpld release represents a scheduled network milestone rather than a confirmed price catalyst.

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.