Overview
- On July 2, XRP ticked higher to about $1.06–$1.08 as large-holder buying strengthened and new wallet creation reached multi-month highs.
- Spot XRP ETFs added roughly $62 million in June and have accumulated about $1.48 billion since their launch, providing steady institutional demand.
- Ripple executed its monthly escrow release that put 300 million XRP into circulation while keeping 700 million locked and announced an institutional XRPL lending product.
- Available liquidity is thin because exchange reserves sit at multi-year lows and a small number of wallets hold large shares of supply, leaving prices sensitive to big flows.
- Traders face a make-or-break test around $1.07–$1.10 with the 20/50/100/200-day moving averages near $1.11, $1.20, $1.31 and $1.52, and a large short-liquidation cluster in the $1.08–$1.10 range that could trigger a rapid squeeze or a sharp reversal.