XRP saw a pickup in both capital flows and on-chain activity. On June 29, spot XRP ETFs recorded $15.34 million in net inflows, with Bitwise accounting for $11.94 million. On the network side, the XRP Ledger added 4,941 new wallets in a single day, the strongest daily increase in three months.
ETF demand and wallet growth moved at the same time
According to the source material, total investment into XRP ETFs in June rose above $62 million, while cumulative net flows approached $1.48 billion. That made the June 29 reading stand out, especially with Bitwise representing most of the daily intake. The rise in wallet creation added a second layer of confirmation that activity around XRP was picking up beyond price alone.
Large investors were more active than retail traders
CryptoQuant data showed the All CEX Whale vs Retail Spread ratio at 50.9%, while the Binance reading came in at 44.6%. The figures suggest heavier participation from larger holders, while retail traders remained more restrained. That split matters because the recent move in XRP appears to have been supported more by bigger market participants than by broad speculative chasing.
Breakout attempt formed on a sharp volume spike
As of 04:16 UTC on July 2, XRP was up 1.41% over 24 hours at $1.0613. The main burst of momentum came at 03:27 UTC, when price pushed above $1.0560 on volume of 5.34 million, a 1,433% jump over the previous hourly average. Buying continued from 03:27 to 03:53 UTC, with total volume reaching 11.31 million. During that stretch, XRP tested an intraday high of $1.0665.
$1.10 remains the key level for a stronger recovery
From a technical view, XRP has been posting a sequence of higher lows above $1.00. In the latest rebound, $1.0318 and $1.0410 emerged as important support zones. The move through $1.0560 improved the short-term picture, but a sustained break above $1.0665 is still needed.
The volume profile was less convincing. Total 24-hour trading volume was only 5.95% above the seven-day average, which the source said was not enough to confirm a full trend shift. XRP also remains below several key exponential moving averages: the 20-day at $1.11, the 50-day at $1.20, the 100-day at $1.31, and the 200-day at $1.52. Momentum indicators have improved from recent lows, but RSI is still near 33 and Chaikin Money Flow remains negative.
In the near term, the $1.0560 to $1.0590 band is the first breakout area to hold. Resistance sits at $1.0665, while the $1.10 to $1.11 zone is the main threshold on the upside. If XRP falls back below $1.04, focus may shift again to support at $1.00.