KARACHI, August 1, 2026, 18:08 PKT — Crypto markets have opened.
- XRP was last at $1.059, slipping 0.67% in the past 24 hours.
- Jazzi Cooper, head of product at RippleX, stated that xrpld 3.3.0 is expected next week and will include five suggested amendments.
- Initial projections indicate 10 million sponsored base accounts would set aside $10.59 million in XRP.
XRP’s proposed fee-sponsor update would transfer reserve demand from individual users to institutions, rather than eliminate it. The token was priced at $1.059 on Saturday. Its decline for the day was in line with the broader market.
This difference is significant since a basic account holds 1 XRP in reserve, whereas the lowest-cost transaction consumes only 0.00001 XRP. As a result, a single account holds as much XRP as would be destroyed by 100,000 transactions at the minimum fee.
With Sponsored Fees and Reserves, a bank, issuer or platform could pay both expenses. The user’s account and keys would remain under their control. “Users continue to own their accounts and keys,” Cooper said. CoinDesk
As of the dateline, XRP’s market capitalization stood at $66.48 billion. The cryptocurrency traded largely in line with the overall market on the day.
| Measure | XRP | Global crypto market |
|---|---|---|
| Market cap | $66.48 billion | $2.16 trillion |
| 24-hour movement | -0.67% | -0.73% |
| 24-hour volume | $874.9 million | $50.84 billion |
| Status | Open | Open |
Cooper stated that xrpld 3.3.0 is expected to be released next week. This update contains five suggested amendments. The software release itself will not enable these changes.
| Proposed amendment | Core function | Investor relevance | Status |
|---|---|---|---|
| Sponsored Fees and Reserves | Sponsor covers transaction fees and reserves | Reduces onboarding barriers; XRP shifted to sponsor accounts | New |
| BatchV1_1 | Can process up to eight linked transactions at once | Facilitates multi-account settlements | Revised |
| PermissionDelegationV1_1 | Allows assignment of limited signature authority | Enables institutional oversight and checks | Revised |
| Confidential MPT | Keeps balances and transfer data private during audits | Enhances privacy for tokenised holdings | New |
| Dynamic MPT | Permits changes to defined token characteristics | Lets issuers avoid entire token swaps | New |
Activation depends on at least 80% trusted-validator approval sustained over two straight weeks. This benchmark distinguishes when publishing happens from when the protocol code becomes functional. The timeline is still unclear.
The 3.2.0 cleanup amendment illustrates the procedure. It went into effect on July 29 after receiving approval from 30 out of 35 trusted validators. Nodes running version 3.1.0 or below were blocked by the amendment.
The plan shifts reserve responsibilities to the sponsor’s account, while the originating account retains possession of its ledger objects. Sponsors are required to maintain sufficient XRP to cover each account and object included.
This preliminary model is not a forecast. It is based solely on the present 1 XRP base reserve. It does not take into account owner reserves or potential future fee votes.
| Sponsored base accounts | Aggregate XRP reserved | Value at $1.059 | Share of circulating supply |
|---|---|---|---|
| 1 million | 1 million XRP | $1.06 million | 0.0016% |
| 10 million | 10 million XRP | $10.59 million | 0.0160% |
| 100 million | 100 million XRP | $105.90 million | 0.1599% |
A total of 100 million sponsored accounts would lock just 0.16% of the circulating supply. Reserved XRP is released when accounts are closed, in contrast to burned fees that permanently reduce supply. Ongoing account creation is needed to maintain scarcity.
The minimum-fee burn remains relatively low. Real transaction fees may increase if the network experiences higher usage or if a transaction is more complex.
| Transactions | XRP destroyed at reference fee | Value at $1.059 | Share of circulating supply |
|---|---|---|---|
| 100 million | 1,000 XRP | $1,059 | 0.0000016% |
| 1 billion | 10,000 XRP | $10,590 | 0.0000160% |
| 10 billion | 100,000 XRP | $105,900 | 0.0001599% |
Conducting ten billion transfers at the minimum fee would consume as much XRP as required by the reserve for 100,000 accounts. The primary investment issue is usage; sponsors need to bring in a significant number of accounts, assets, and liquidity.
Security concerns stay prominent. The initial Batch vulnerability might have allowed unauthorized transactions on behalf of users, even without access to their private keys. Permission Delegation had the potential to impose fees on unrelated users’ accounts. Both features were never enabled on the mainnet.
Distribution across Asia expanded further. OSL Group (HKG:0863) announced its Hong Kong branch launched retail trading for XRP on July 29. Upbit began offering RLUSD markets on July 28, restricting deposits to the XRP Ledger.
These channels have distinct impacts. OSL has the potential to expand direct ownership of XRP. RLUSD may drive more ledger activity without requiring end users to hold XRP, should sponsorship be enabled.
In the coming week, investors are advised to monitor validator support, numbers of sponsored accounts, and balances of tokenised assets. Validator support measures the likelihood of activation, while the other metrics indicate if reduced friction sustains long-term demand.
Risks: Validators might postpone or refuse the amendments. Changes to the code could reveal further flaws. Sponsors might contribute funds to accounts without boosting long-term demand for XRP. Widespread cryptocurrency sell-offs present an additional risk.
