New wallet creation has surged to a three-month high and whale activity is strengthening, but XRP still needs to reclaim $1.10 to confirm a meaningful recovery.

The token is showing early signs of accumulation around the $1 level, though price action has yet to fully reflect the improving backdrop. XRP edged higher after a sharp intraday volume spike, while wallet growth accelerated and large holders increased activity even as retail traders remained cautious. The focus now is on whether buyers can defend support and drive a move back above $1.10.

News Background

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

• CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s reading at 44.6%, pointing to stronger whale participation alongside muted retail involvement.

• Spot XRP ETFs saw net inflows of $15.34 million on June 29, led by $11.94 million from Bitwise.

• Total ETF inflows for June exceeded $62 million, lifting cumulative net flows to roughly $1.48 billion.

Price Action Summary

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

• The token underperformed the broader crypto market by 1.27%, indicating that gains remain relatively modest.

• 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 to the prior hourly average.

• Buying 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 acting as the base for the current recovery attempt.

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

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

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

• Momentum has improved 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 must defend.

• $1.0665 is 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 sustained break above $1.10 would shift focus toward $1.20, while a drop below $1.04 would bring the $1.00 support level back into play.

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