XRP Ticks Up as Whale Activity Increases, Retail Remains Wary

New wallet creation has climbed to a three-month high and activity among large holders has strengthened, but XRP still needs to reclaim the $1.10 level for the recovery to appear credible.

XRP is beginning to show early signs of accumulation around the $1 mark, though price action has yet to fully reflect the improving fundamentals. The token edged higher following a sharp spike in intraday volume, while new wallet growth surged and whale behavior diverged from more cautious retail positioning. The key question now is whether buyers can convert support at $1 into a sustained move above $1.10.

News Background

• The XRP Ledger recorded 4,941 new wallet creations in a single day, marking the strongest growth in over three months.

• Data from CryptoQuant showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s reading at 44.6%, indicating stronger activity from large holders even as retail traders remained hesitant.

• Spot XRP ETFs saw net inflows of $15.34 million on June 29, with Bitwise contributing $11.94 million of that total.

• Total inflows into XRP ETFs for June exceeded $62 million, bringing cumulative net flows to around $1.48 billion.

Price Action Summary

• XRP gained 1.41% to $1.0613 in the 24-hour period ending July 2 at 04:16 UTC.

• Despite the uptick, the token lagged the broader crypto market by 1.27%, underscoring the relatively modest nature of the move.

• A key breakout occurred at 03:27 UTC, when XRP pushed above $1.0560 on volume of 5.34 million — a 1,433% surge compared with the prior hourly average.

• Buying momentum continued between 03:27 and 03:53 UTC, with total volume reaching 11.31 million as price touched a session high near $1.0665.

Technical Analysis

• XRP continues to form higher lows above the $1.00 support zone, with $1.0318 and $1.0410 establishing the base for the current recovery attempt.

• The move above $1.0560 improved the short-term structure, but follow-through beyond $1.0665 is needed to avoid another range-bound bounce.

• While volume was strong during the breakout, overall 24-hour activity was only 5.95% above the seven-day average, limiting confirmation of a broader trend reversal.

• XRP remains below key moving averages, including the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31, and the 200-day near $1.52.

• Momentum has recovered from oversold conditions, but an RSI near 33 and negative Chaikin Money Flow suggest buyers have yet to fully regain control.

What Traders Should Watch

• The $1.0560–$1.0590 zone is the immediate breakout area bulls need to defend.

• $1.0665 stands as the next resistance after capping the latest move.

• The $1.10–$1.11 range remains the key hurdle, aligning with the 20-day EMA and Bollinger midline.

• A break above $1.10 could shift focus toward $1.20, while a drop below $1.04 would bring the $1.00 support zone back into play.

• Until XRP clears $1.10, the setup remains a support-building phase backed by improving network activity and whale participation, rather than a confirmed recovery.