Key facts
- XRP shows signs of accumulation above $1.00 support.
- Daily new wallet creations on the XRP Ledger hit a three-month high.
- XRP ETF inflows in June exceeded $62 million, with cumulative net flows reaching $1.48 billion.
- Whale activity has increased, while retail trader positioning remains cautious.
- XRP price action is being watched around the $1.0560-$1.0590 breakout zone and $1.0665 resistance.
XRP is showing early signs of accumulation above the $1.00 support level, with higher lows forming on the chart. This comes as network activity strengthens, evidenced by new wallet creations reaching a three-month high. Institutional interest is also evident, with XRP spot ETFs recording substantial inflows.
On June 29, XRP spot ETFs saw $15.34 million in net inflows, with Bitwise contributing $11.94 million. Throughout June, these inflows surpassed $62 million, bringing the total cumulative net flows to approximately $1.48 billion. This increased institutional demand contrasts with cautious retail positioning, as indicated by whale activity metrics.
Technically, XRP is trading around $1.0613, having edged higher after a significant volume spike pushed it through the $1.0560 breakout zone. Traders are closely watching the $1.0560–$1.0590 zone for support and $1.0665 as the next resistance. A sustained move above the key $1.10-$1.11 level, where the 20-day exponential moving average resides, is considered necessary for a more convincing recovery beyond range-bound trading.