XRP jumps 8% as Ripple says asset managers eye XRPL upgrade

XRP rose 8% after Ripple said asset managers and commercial projects are preparing to use Batch V1.1, a payments upgrade for the XRP Ledger that is nearing activation. RippleX head of engineering Ayo Akinyele said the feature can bundle up to eight transactions into one operation. Its all-or-nothing structure allows linked transactions to settle together or fail together, supporting uses such as delivery-versus-payment. Akinyele told CoinDesk that Ripple would share more after the feature goes live, including work with key asset managers. Batch V1.1 has support from 30 of 35 tracked validators. It is projected to activate after Sept. 29 if support remains above 80%. The upgrade replaces Batch V1.0, which was withdrawn after researchers found a critical signature-validation flaw. Batch V1.0 never activated, and no funds were exposed. Trader DOM said XRP tested its three-month and six-month rolling volume-weighted average prices as support for the first time in more than a year. He identified $1.50 as the immediate level that matters after XRP spent roughly 230 days below it. He said that turning $1.50 into support could open the way to a move above $1.80. Castillo Trading also said XRP had a clear invalidation level and could see momentum accelerate from the range lows. XRP ranked as the most traded cryptocurrency on South Korea's Upbit, ahead of Bitcoin and Tether. BSCN News noted that Upbit recorded 11.2 trillion won, or roughly $8 billion, in weekly trading volume, up 6.74% from the previous week. XRP's daily rally was 8.4% as it moved toward a resistance level that traders had watched for months.