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 $1.062 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.
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.
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.
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.
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