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XRP Gains 1.41% to $1.0613 but Lags Broader Crypto Market by 1.27%
New wallet creations on the XRP Ledger reached a three-month high while spot ETFs recorded $15.34 million in net inflows on June 29. The token advanced modestly but stayed below key moving averages.
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XRP rose 1.41% to $1.0613 in the 24-hour session ending July 2 at 04:16 UTC, CoinDesk reported. The move came after a sharp volume spike that began at 03:27 UTC when the price broke above $1.0560 on 5.34 million units traded. The XRP Ledger recorded 4,941 new wallet creations that day, the strongest daily increase in more than three months.
CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9% and Binance’s measure at 44.6%, indicating stronger large-holder positioning while retail participation remained cautious. XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise contributing $11.94 million.
June inflows across the products exceeded $62 million, lifting cumulative net flows to roughly $1.48 billion.
Trading volume between 03:27 and 03:53 UTC totaled 11.31 million units as the price reached a session high near $1.0665. Overall 24-hour activity stood 5.95% above the seven-day average. The token underperformed the broader crypto market by 1.27% during the period.
It remains below its 20-day EMA near $1.11, 50-day EMA near $1.20, 100-day EMA near $1.31 and 200-day EMA near $1.52.
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