XRP rises 5% to $1.15 as Ripple payments narrative drives momentum

XRP rose 4.9% to $1.15 as of 00:00 UTC on July 4, extending a rebound driven by renewed focus on Ripple's cross-border payments network.

The move comes as the SuperTrend indicator flashed its first buy signal on XRP's 4-hour chart since mid-June, according to analyst Ali Martinez. The same indicator preceded a 14.2% rally the last time it turned bullish, though an earlier buy signal in April near $1.43 failed, with XRP losing more than 25% by late June.

On-chain metrics support the current setup. XRP's monthly relative strength index has entered its most oversold territory in the token's history, breaking below 40, according to analyst EGRAG Crypto. Daily active addresses on the XRP Ledger climbed to nearly 40,000 from about 23,000 over two weeks, and the ledger added almost 5,000 new wallets in a single day — the most in more than three months, per Santiment data. The 30-day market value to realized value ratio reads around minus 45%, a level that has historically marked strong long-term buying zones since sellers at these levels tend to be exhausted.

The key test lies at $1.10 to $1.13, where the 20-day moving average and a descending trendline converge. A sustained hold above that zone could open a path toward $1.24, matching the SuperTrend signal's prior rally. A break below $1.06, where Glassnode data shows 830 million XRP last changed hands, would invalidate the recovery and point toward the next support cluster near $0.80.

Spot XRP ETFs turn positive

Spot XRP exchange-traded funds recorded $6.55 million in net inflows on July 2, swinging back to positive after two small daily outflows closed out the quarter, according to SoSoValue data. The inflows coincided with Bitcoin reclaiming $61,000 after its lowest level in nearly two years, providing a broader tailwind for digital assets. The global crypto market capitalization rose 1.8% to $2.2 trillion over the past 24 hours, with XRP among the top gainers alongside Polkadot and the XRP Ledger Ecosystem tokens.

Ripple adds institutional lending protocol

Ripple validators are voting on a new institutional lending protocol for the XRP Ledger, adding a potential growth driver beyond the payments narrative. The proposal would allow institutions to lend and borrow assets directly on the XRPL, expanding the network's use cases beyond cross-border settlements. If approved, the protocol could drive additional transaction volume on the ledger and increase demand for XRP as a settlement asset.

What to watch

XRP still trades below its 50-day, 100-day, and 200-day moving averages, stacked from about $1.19 to $1.52. The Fear & Greed Index remains at 21, in Extreme Fear territory, suggesting investor caution persists despite the rebound. The next major resistance above $1.13 is the 50-day moving average near $1.19, followed by the 100-day near $1.35. On the downside, a break below $1.06 opens the door to $0.80, where the next large cluster of buyers sits, according to Glassnode.

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