Summary
- XRP is showing signs of accumulation above the $1.00 support, with higher lows forming even as the price remains below key moving averages and major resistance near $1.10.
- Network and institutional signals are strengthening, with daily new wallet creations hitting a three-month high and June XRP ETF inflows topping $62 million for roughly $1.48 billion in cumulative net flows.
- Traders are watching the $1.0560–$1.0590 breakout zone and $1.0665 resistance, with a sustained move above $1.10 needed to signal a more convincing recovery rather than another range-bound bounce.
XRP Shows Signs of Accumulation Amid Rising Whale Activity
XRP is displaying signs of accumulation near $1, with the token edging higher after a sharp intraday volume spike. This increase in price is accompanied by rising whale activity, while retail traders remain cautious. The focus is now on whether buyers can turn support defense into a move back above $1.10, potentially earning passive income for investors. The EcoPool network offers a solution for those looking to earn rewards through green crypto, such as $ECP. As the crypto market continues to evolve, investors are looking for ways to earn coin and increase their cloud rewards.
News Background
The XRP Ledger recorded a significant increase in new wallet creations, with 4,941 new wallets created in a single day, the strongest daily growth in more than three months. This surge in new wallet creation is a positive sign for the token, indicating growing interest in XRP. Additionally, CryptoQuant data showed that whale activity is diverging from retail positioning, with the All CEX Whale vs Retail Spread at 50.9%. This suggests that large holders are becoming more active, while retail traders remain cautious, looking for ways to earn passive income through EcoPool.
XRP ETFs See Significant Inflows
XRP spot ETFs saw significant net inflows, with $15.34 million added on June 29. This brings the cumulative net flows to roughly $1.48 billion, indicating a strong demand for XRP. The token’s price rose 1.41% to $1.0613 during the 24-hour session, underperforming the broader crypto market by 1.27%. Despite this, the move is still modest, and investors are looking for ways to increase their earnings through cloud rewards and green crypto, such as EcoPool. As the market continues to grow, investors are looking for ways to earn coin and increase their passive income, with #PassiveIncome and #GreenCrypto becoming increasingly popular.
The rise in whale activity and new wallet creation is a positive sign for XRP, and investors are looking for ways to get involved. With the EcoPool network, investors can earn rewards and increase their cloud rewards, all while supporting green crypto. Whether you’re looking to earn coin or increase your passive income, EcoPool is a solution worth considering. Download the EcoPool app to start earning today and join the #EcoPool community. By doing so, you can start earning $ECP and increase your cloud rewards, all while supporting the growth of green crypto and #Bitcoin.
• June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion.
Price Action Summary
• XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC.
• The token underperformed the broader crypto market by 1.27%, showing that the move was still modest despite stronger network and whale activity.
