New wallet generation surged to a three-month peak, bolstering large-holder activity, although XRP must reclaim $1.10 for a convincing recovery.
By Shaurya Malwa Jul 2, 2026, 6:20 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP demonstrates accumulation signs above the $1.00 support level, establishing higher lows while remaining below critical moving averages and significant resistance at $1.10.
- Institutional and network indicators are strengthening, with daily new wallet creations reaching a three-month high and XRP ETF inflows for June exceeding $62 million, totaling around $1.48 billion in cumulative net flows.
- Traders are monitoring the breakout zone between $1.0560 and $1.0590, along with $1.0665 resistance, as a sustained move over $1.10 is essential for signaling a genuine recovery rather than merely a bounce within a range.
XRP is beginning to show signs of accumulation around the $1 mark, although the chart has yet to fully reflect this. After a significant increase in intraday volume, the token advanced, and new wallet creations reached their highest level in three months, while whale activity indicated a divergence from the cautious approach of retail traders. This raises the question of whether buyers can convert support defense into a climb back above $1.10.
News Background
• The XRP Ledger saw 4,941 new wallets created in a single day, marking the highest daily growth in over three months.
• According to CryptoQuant, the All CEX Whale vs Retail Spread stood at 50.9%, with Binance's measure at 44.6%, highlighting stronger activity from large holders while retail interest remained tentative.
• On June 29, XRP spot ETFs generated $15.34 million in net inflows, with Bitwise contributing $11.94 million of that figure.
• Cumulative net flows for XRP ETFs in June surpassed $62 million, bringing the total to approximately $1.48 billion.
Price Action Summary
• XRP increased by 1.41% to $1.0613 during the 24-hour period ending July 2 at 04:16 UTC.
• The token lagged behind the broader crypto market by 1.27%, indicating that the price movement was modest despite the increased network and whale activity.
• The significant breakout occurred at 03:27 UTC when XRP broke through $1.0560 with a volume of 5.34 million, a remarkable 1,433% increase from the prior hourly average.
• Buying activity persisted from 03:27 to 03:53 UTC, resulting in a total volume of 11.31 million as the price hit a session high near $1.0665.
Technical Analysis
• XRP continues to establish higher lows above the $1.00 support level, with $1.0318 and $1.0410 forming the basis of the recent recovery effort.
• The breakout above $1.0560 has improved the short-term market structure, but further movement above $1.0665 is necessary to prevent the scenario from turning into yet another range-bound bounce.
• Although the breakout saw strong volume, the 24-hour activity was only 5.95% higher than the seven-day average, which limits the overall movement from appearing as a definitive trend shift.
• XRP remains below significant moving averages, with 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.
• While momentum has improved from previously oversold conditions, the RSI at approximately 33 and a negative Chaikin Money Flow indicate that buyers have not yet fully regained control.
What traders should watch
• The $1.0560-$1.0590 zone is critical for bulls to defend as a breakout area.
• $1.0665 is the initial resistance level following the recent advance.
• The $1.10-$1.11 range is a crucial test area, coinciding with the 20-day EMA and Bollinger midline.
• Successfully reclaiming $1.10 would redirect focus toward $1.20, while failing to maintain $1.04 would bring the $1.00 support zone back into consideration.
• Until XRP surpasses $1.10, the market remains a support-based trade, bolstered by improving network metrics and whale activity, but not indicating a confirmed recovery.
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