The every rally attempt in recent weeks.
It’s not just a bull day. This is the early formation of a higher base structure above $1 – a constructive change from the defensive trading that characterized previous weeks, although this remains unconfirmed until XRP produces a clean close above $1.10.
XRP Price Action: Higher Lows, High Volume, and a High at $1.10
The defining feature of the session was increased volume during the upswing rather than during the downswings, a sequencing that suggests buyers, not sellers, were driving the marginal flow. Total volume was 26.92% higher than the seven-day average, with the peak occurring at 1:00 p.m. UTC when volume reached 117.5 million XRP, approximately 142% above the 24-hour average.
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Source: XRPUSD / Tradingview
The immediate support level for the bulls to defend is $1.08; a failure there puts $1.0611 back in range for the next structural test.
Above the spot, a sharp move above $1.10 would open the way towards $1.12 – $1.13. The analytical question is no longer whether XRP can rebound from $1; it is a question of whether the current accumulation is enough to cause a sustained breakout of XRP above the resistance group that has defined the ceiling since the sell-off.
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Portfolio Growth and Sentiment: On-Chain Metrics Support Setup
XRP wallet creation reached 4,941 daily addresses on July 3, the largest one-day growth in 14 weeks. This figure is remarkable in context: address creation at this rate during a consolidation phase tends to reflect true integration rather than speculative recycling of existing portfolios.
Bullish social sentiment simultaneously reached a three-month high, with positive comments outpacing bearish comments by a ratio of 3.7 to 1. This sentiment gap, combined with the expansion in XRP volume, provides a more complete picture of market participation than price alone.
✍️ TL;DR: XRP’s massive new wallet creations and FOMO emerge amid price threatening to fall below $1
📊 Metrics used: network growth, social Pos/Neg ratio
🔗 Link to chart:📉 $XRP is still holding on to the $1.00 support zone, trading around ~$1.04… pic.twitter.com/41bd8NqCQJ
– Santiment Intelligence (@SantimentData) June 30, 2026
The portfolio creation spike adds on-chain weight to what would otherwise be read as a simple rebound in sentiment, a context that is consistent with the capitulating dynamic that Glassnode’s realized profit-loss ratio data identified in the weeks leading up to this rally.
Ripple completed its planned 1 billion XRP unlock during the session without a significant price shock, a result consistent with the market having priced the unlock in advance.
Analysts noted that XRP’s idiosyncratic variance against the CD5 index remained well below the threshold that would signal a major asset-specific catalyst – the session’s gains followed the crypto’s broader rally rather than reflecting a Ripple-specific development.
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Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on the latest news and has been hired by all kinds of cryptocurrency projects, to create content that would increase their visibility and attract more potential investors.
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