XRP holds above $1 as whales accumulate and ETF inflows rise

XRP traded at $1.05 as of 02:00 UTC on July 2, holding above the $1 support after touching a 19-month low of $1.01 on June 25. The token posted a 0.18% decline over the past 24 hours, according to CoinGecko data.

"Part of this optimism comes from XRP's familiar rebound history, ongoing ETF and institutional narratives, and the idea that larger holders have continued building exposure even during ugly price action," Santiment said in a note.

The XRP Ledger added 4,941 new wallets in a single day, marking its strongest network growth in more than three months, Santiment data shows. Social sentiment has flipped bullish, with the positive-to-negative ratio reaching 3.7 positive comments for every bearish one — a three-month high. Traders appear to treat the $1.00 to $1.05 band as a dip-buy area.

On-chain data supports the accumulation thesis. The 10 million to 100 million XRP cohort led June buying with 160 million tokens added, the strongest buying signal among large holder groups. Wallets holding 100,000 to 1 million XRP added 30 million tokens, while those holding 1 million to 10 million XRP gained 20 million tokens, Santiment data shows. All three large cohorts accumulated during June despite a 21% price decline.

Institutional Demand Holds Steady

US spot XRP ETFs attracted $22.99 million in net inflows last week, extending their inflow streak to eight consecutive weeks. The funds recorded another $15.34 million in net inflows on Monday. XRP ETFs have not recorded a single day of net outflows since June 3, although several sessions ended with flat flows.

The trend stands in sharp contrast to Bitcoin and Ethereum ETFs. Bitcoin ETFs have recorded seven consecutive weeks of net outflows totaling approximately $7.7 billion, with investors pulling another $231 million on Monday. Ethereum ETFs have also experienced consecutive weekly outflows.

The open question is whether the wallet surge converts into sustained buying pressure or fades as short-term FOMO, Santiment said. With XRP sitting so close to $1.00, the coming sessions should reveal which way the on-chain demand breaks. A sustained hold above $1 could drive XRP toward key technical resistance levels, potentially triggering a breakout rally as reduced sell-side liquidity from whale accumulation meets steady institutional demand.

This article is for informational purposes only and does not constitute investment advice.