Key facts
- Ripple has approved the ConfidentialTransfer, DynamicMPT, and BatchV1_1 amendments for the XRP Ledger 3.3.0 upgrade.
- The fixCleanup amendment has reached over 80% consensus and is slated for mainnet activation on September 11.
- XRP price has seen a significant rally, increasing by over 8% in the last 24 hours and nearly 60% in the past month.
- Spot XRP ETFs experienced strong inflows totaling $6.14 million on Thursday.
- Open interest in XRP futures has increased by more than 9% in the last 24 hours.
Ripple has approved multiple amendments for the XRP Ledger 3.3.0 upgrade, paving the way for its mainnet activation. The fixCleanup amendment is scheduled for activation next week, with other proposals like BatchV1_1 nearing the required consensus threshold.
Ripple cast votes in favor of the ConfidentialTransfer, DynamicMPT, and BatchV1_1 amendments. While BatchV1_1 has garnered over 65% consensus from validators, it still requires more support to meet the 80% threshold for activation. ConfidentialTransfer and DynamicMPT are currently at 22.86% consensus.
The XRP Ledger Foundation has confirmed that nodes and validators have updated to the latest release and are prepared for the upgrade. The foundation is encouraging validators to complete their voting on the remaining amendments to facilitate the mainnet activation.
Concurrently, the price of XRP has experienced a significant surge, rising over 8% in the past 24 hours and approximately 60% over the last month, trading around $1.45. Trading volume has also increased by 76% in the last day, indicating heightened trader interest. Spot XRP ETFs have witnessed strong inflows, with $6.14 million recorded on Thursday, primarily from Franklin Templeton and Bitwise. Furthermore, XRP futures open interest has climbed by over 9% to $3.34 billion in the past 24 hours.