XRP Climbs to $1.0613 as Whale Spread Hits 50.9% and ETF Flows Cross $1.48 Billion

XRP gained 1.41% to $1.0613 in the 24-hour session ending July 2 at 04:16 UTC, supported by a surge in large-holder activity, a three-month high in new wallet creations on the XRP Ledger, and continued institutional inflows into spot ETFs. Despite the advance, the token underperformed the broader crypto market by 1.27%, and analysts note that a sustained move above $1.10 is required before the recovery can be considered confirmed.

The sharpest price movement occurred at 03:27 UTC, when XRP broke through the $1.0560 level on volume of 5.34 million — a 1,433% spike compared to the preceding hourly average. Buying pressure extended through the 03:27–03:53 UTC window, with cumulative volume reaching 11.31 million as the token touched a session high near $1.0665. Over the full 24-hour period, total volume came in at only 5.95% above the seven-day average, indicating the breakout has not yet translated into a broad trend shift.

On the network side, XRP Ledger recorded 4,941 new wallet creations in a single day, the highest daily figure in more than three months. CryptoQuant data placed the All CEX Whale vs Retail Spread at 50.9%, with Binance's equivalent measure at 44.6%, reflecting heightened large-holder activity against a backdrop of cautious retail participation.

In the ETF market, XRP spot products logged $15.34 million in net inflows on June 29, with Bitwise contributing $11.94 million of that total. June inflows across XRP ETFs surpassed $62 million in aggregate, bringing cumulative net flows to approximately $1.48 billion.

From a technical standpoint, XRP continues to construct higher lows above the $1.00 support zone, with $1.0318 and $1.0410 forming the base of the current recovery attempt. The token remains below all major moving averages: the 20-day EMA sits near $1.11, the 50-day near $1.20, the 100-day near $1.31, and the 200-day near $1.52. RSI is near 33, and Chaikin Money Flow remains negative, indicating that buyers have not yet fully reasserted control despite improvement from oversold conditions.

Key levels traders are monitoring include the $1.0560–$1.0590 breakout zone as immediate support, $1.0665 as the first resistance ceiling, and the $1.10–$1.11 band where the 20-day EMA and Bollinger midline converge. A confirmed close above $1.10 would redirect attention toward $1.20, while a failure to hold $1.04 would bring the $1.00 support area back into play. Until the $1.10 threshold is reclaimed, market participants are treating the current setup as a support-base trade underpinned by improving on-chain and institutional data rather than a fully confirmed directional recovery.