XRP edges higher on whale activity; $1.10 still key

Published: 2026-07-02 06:31:37 |

XRP has inched higher as network accumulation improves, but traders are not yet convinced a sustained uptrend has started. The token rose about 1.41% to $1.0613, holding above the $1.00 support zone while building higher lows. On-chain and market flows are strengthening. XRP Ledger recorded 4,941 new wallet creations in one day, the strongest growth in over three months. CryptoQuant’s All CEX Whale vs Retail Spread was 50.9% (and 44.6% on Binance), suggesting large-holder activity is rising while retail remains cautious. In addition, XRP spot ETFs added about $15.34 million in net inflows on June 29, taking June inflows to $62 million and cumulative net flows to roughly $1.48 billion. Price action matters for XRP traders. A breakout pushed XRP through $1.0560 during a high-volume window, but follow-through is required. Key levels to watch are the $1.0560–$1.0590 breakout defense zone and $1.0665 resistance. A reclaim and hold above $1.10 (near the 20-day EMA/Bollinger midline) is needed to confirm recovery; otherwise, XRP may remain range-bound. The 24-hour move is still modest versus broader crypto, with XRP below major moving averages (20/50/100/200-day).

Neutral

The news is broadly supportive but not yet confirmation for an XRP trend change. Whale vs retail spread and rising new wallet creation suggest accumulation, while XRP spot ETF inflows add a steady demand tailwind. However, XRP is still below major moving averages (20/50/100/200-day) and has not reclaimed the $1.10 area that the article flags as the threshold between a range bounce and a more convincing recovery. Historically, similar “whale-led + ETF inflow” periods often produce first a squeeze/range breakout, then traders demand follow-through above key MAs before upgrading to a sustained bull phase. Short term, the $1.0560–$1.0590 zone and $1.0665 resistance will likely govern volatility: holding above breakout support keeps momentum constructive; failure could quickly pull XRP back toward the $1.04 and $1.00 support area. Long term, continued ETF inflows and improving on-chain participation would increase the probability of a trend reversal, but only a sustained reclaim above $1.10 (and eventually targeting higher resistance such as the $1.20 region) would signal that XRP buyers have taken control rather than liquidity spikes fading.