Track market-moving stories before they get noisy

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Shiba Inu entered Q3 with a major supply shift: investors withdrew 2.6 trillion SHIB from centralized exchanges after the token closed its worst Q2 on record with a 29.5% quarterly drop.XRP defended the $1 level at the Q2 close: buyers held the token above its key psychological support as the price bounced near the 3-month 23 EMA, preserving the broader bullish structure.Citi cut its Bitcoin forecast by 27%: the bank lowered its 12-month BTC target from $112,000 to $82,000, citing capital rotation from crypto into artificial intelligence.Bitcoin is stuck near critical support: BTC is trading close to $58,500 after its worst month in a year, with the $53,000–$58,000 zone now deciding whether Citi's bearish $53,000 scenario comes into play.The broader crypto market opens July defensively: ETF outflows, tighter Fed expectations, stalled U.S. crypto legislation and thin holiday liquidity leave traders exposed to sudden weekend moves.Investors withdrew 2.6 trillion SHIB from exchanges after the worst quarter in historyThe meme-cryptocurrency market closed the quarter with a major regrouping of forces. According to Arkham, on June 30, investors withdrew 2.6 trillion Shiba Inu (SHIB) tokens from centralized exchanges in a single move. This powerful on-chain outflow was the culmination of an entire month — for thirty days, major players had been systematically draining wallets on trading platforms such as Binance and Kraken.

The massive token withdrawal coincided with a historic low. According to CryptoRank statistics, Shiba Inu has just closed the worst second quarter in its history, with Q2 2026 ending in a -29.5% decline. In June alone, the token fell by 24%, dropping to the $0.000004194 level — SHIB has never had such a prolonged summer downtrend in all previous years.

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On-chain exchange flow for Shiba Inu (SHIB), Source: ArkhamThe only clear pattern behind this pre-Q3 exodus is historical cycles: for the last four years, from 2022 to 2026, July has always closed in positive territory for SHIB — for example, by +13.4% in 2022 and +8.92% in 2025. Moving assets to cold wallets right before July technically dries up exchange supply, reducing pressure on order books before the start of the new quarter.

Nevertheless, this token deficit is only an internal movement of capital. Whether it turns into a July rally, or whether the transfer of 2.6 trillion SHIB was just a routine technical reshuffling inside funds with no connection to growth expectations, will become clear in the coming weeks.

Rare macro trend saved XRP at the Q2 closeXRP buyers managed to defend the key psychological level of $1.00 at the most important moment — the close of Q2 2026. The June decline, triggered by a broader cooling of the crypto market, stopped around $1.01–$1.04 — exactly where the chart met a strong long-term support level that had been forming over the past several years.

The main protective factor for the asset was a rare macro trend. On the three-month (3M) chart by TradingView, it is clearly visible that the price landed precisely on the 23-period exponential moving average (23 EMA). This green indicator line acted like a reinforced-concrete barrier, as it protected the global uptrend and did not allow sellers to close the quarterly candle below the critical dollar mark.

3-month XRP price chart with moving averages attached, Source: TradingViewPanic among retail traders during the sell-off was offset by a restrained external backdrop and the cold calculation of major players. Some of the market pressure was eased by steady capital inflows into spot XRP ETFs and the long-awaited completion of important regulatory deadlines in the United States.

In particular, this refers to the California Digital Financial Assets Law (DFAL), which came into force on July 1, and for which Ripple adapted its custody services in time, reducing legal risks.

Holding the moving average at the Q2 close preserved the integrity of XRP's global bullish structure. The fact that the price held above $1.00 protected the market from automatic stop-order triggers, which otherwise could have set off a deep chain correction at the very start of July.

AI instead of crypto: Why Citigroup cut its Bitcoin forecast to $82,000American investment bank Citigroup revised its expectations for the cryptocurrency market, cutting its 12-month Bitcoin forecast from $112,000 to $82,000 and its Ether forecast from $3,175 to $2,240. 

The main reason for such a significant revision of its models was the massive outflow of institutional capital into the artificial intelligence (AI) sector, which is now showing record returns and appears to be a more tangible growth driver for large investors.

Against this backdrop of rotation, Citi analysts completely reset their expectations for net inflows into spot ETFs over the next year, lowering the target from the previous $10 billion to zero. This is supported by stark market statistics: since the beginning of the current year, net outflows from Bitcoin funds have already exceeded $3.3 billion.

Citigroup updated base case for Bitcoin aligned with upper Bollinger Band on a weekly timeframe, Source: TradingView Additional pressure on the industry is coming from the prolonged political deadlock in the U.S. Senate, where the adoption of sector-specific legislation has stalled, as well as from growing risks that large corporate treasuries may begin selling their digital reserves to cover operating expenses.

Under its updated scenarios, Citi sees Bitcoin's base-case target at $82,000. However, if capital outflows from ETFs accelerate further, a severe bearish scenario could be triggered, sending the price down to $53,000.

Crypto market outlook: Break below the 200-week MA and ETF flight pin Bitcoin to supportThe crypto market is opening July in deep defense mode: fear is intensifying, capitalization is shrinking again, and Bitcoin is holding near a yearly low after its worst month in a year. Pressure is coming from three factors at once — record ETF outflows, a more hawkish Warsh-led Fed, and the failed momentum around the CLARITY Act.

Key checkpoints:

Bitcoin's trend breakdown: BTC is trading near $58,500, losing 2.2% over the past 24 hours and staying close to its yearly low of $58,190 after falling 20.5% in June. It also closed below the 200-week moving average (MA) for the first time since 2023.Regulatory split in the EU: The launch of MiCA on July 1 forced Binance, MEXC and Bitget to suspend part of their services in the European Union. The delisting of USDT affected the stability of $186 billion in capital. OKX, Backpack and Coinbase are introducing deposit bonuses to capture the freed-up share of the European market.Record ETF exhaustion: Spot Bitcoin ETFs lost $4.5 billion in June — the worst month since the instrument launched in 2024. The main blow fell on BlackRock's IBIT, from which investors withdrew $3.55 billion.The Warsh Fed removes the macro driver: The first meeting under Kevin Warsh shifted market expectations toward tighter policy. The updated dot plot effectively removed the fast rate-cut scenario and left the crypto market without a key growth catalyst.Political deadlock around the CLARITY Act: The odds of the law passing in 2026 on Polymarket fell to 48%, down from 74% a month earlier. The reason is the breakdown of negotiations over ethics provisions. The next window for legislative progress will open only after senators return on July 13.Macro calendar and thin liquidity: On Thursday, July 2, the Non-Farm Payrolls report, the unemployment rate and Initial Jobless Claims will be the nearest test. The situation is worsened by the long weekend in the U.S. for Independence Day on July 4. The closure of traditional venues and the absence of U.S. market makers will sharply reduce order book depth, multiplying the risks of manipulation and cascading liquidations over the weekend. You Might Also Like

Ripple Unlocks 1 Billion XRP as the Bearish Nightmare Deepens: What’s Next?

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Peersyst, a blockchain development startup, has announced an upcoming upgrade to the XRP Ledger EVM sidechain.

The XRPL EVM is a sidechain for the XRP Ledger that adds Ethereum-compatible smart contracts. In a recent X post, Peersyst released information about the upcoming XRPL EVM v11, stating that this next upgrade would focus on strengthening the network with increased economic security, safer cross-chain connectivity, enhanced validator management, and additional stack hardening. Peersyst teased a proposal for Testnet as soon as this week, with Mainnet to follow.

📣 XRPL EVM v11 is coming!

Our next upgrade is focused on strengthening the network with improved economic security, safer cross-chain connectivity, enhanced validator management, and additional hardening across the stack.

We will make a proposal for Testnet as soon as this… https://t.co/kI9FL5GpKK

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— Peersyst Technology (@Peersyst) July 1, 2026 The XRPL EVM sidechain went live on Mainnet in June 2025, with the network continually adding new improvements.

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As a key part of its multichain expansion, Ripple USD (RLUSD) stablecoin arrived on the XRPL EVM sidechain in June.

Upcoming changesWhile many network upgrades focus on introducing new features, Peersyst noted that the XRPL EVM v11 is focused on something equally important: making the network safer, more resilient, and easier to operate.

This release introduces a series of improvements across validator management, cross-chain infrastructure, and internal security processes.

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The majority of these changes take place behind the scenes, with little impact on developers or end users, yet they all contribute to the network's long-term security and resilience.

The v11 upgrade is a security-first release for the XRPL EVM sidechain that prioritizes economic security, reduces the attack surface, and hardens the validator and IBC (Inter-Blockchain Communication) layers.

XRPL EVM uses a Proof-of-Authority consensus model, where validator set changes are gated by a designated authority rather than open staking. v11 makes two changes: the standard validator-creation path is now blocked after launch, so no one can join the validator set outside the authority. Validators can now remove themselves voluntarily, instead of relying on the authority to remove them.

The XRPL EVM runs a recurring, AI-assisted security audit, and v11 is the first release to benefit from it end to end. 

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Last Updated: July 1, 2026

Bitcoin briefly slipped to $57,800.19 on July 1, 2026, its lowest level in weeks, before recovering to trade at $58,904.32 as the new month opens with the same pressure that defined June’s final days. The Fear & Greed Index has fallen to 11, a fresh cycle low that erases the marginal recovery seen at the end of June, when the gauge briefly ticked up to 15. Sentiment has now spent more than a week locked in Extreme Fear, and today’s intraday breakdown below $58,000 confirms the correction hasn’t found a durable floor yet. The defining story remains the same divergence that shaped June’s final days: Solana continues to outperform, up 8.43% on the week, while Bitcoin, Ethereum, XRP, BNB, and TRON all remain in negative territory.

Key Takeaways Bitcoin fell to an intraday low of $57,800.19 before recovering to $58,904.32, down 0.11% on the 12:00 hourly candle Fear & Greed Index falls to 11 (Extreme Fear), down from 15 yesterday and 17 last week — the lowest reading of the current cycle Solana is the standout performer: +8.43% weekly, the only top-10 asset with strong positive momentum Ethereum down 5.28% weekly to $1,579.45, holding up slightly better than Bitcoin on a relative basis XRP, BNB, and TRON all posted weekly losses between 4.3% and 4.9%, tracking the broader market decline Crypto Market Snapshot — July 1, 2026 AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$58,904.32-0.11%-5.98%$1.18T$33.74BEthereum (ETH)$1,579.45-0.30%-5.28%$190.61B$9.83BTether (USDT)$0.9987+0.03%+0.01%$184.43B$68.02BBNB$546.18-0.60%-5.24%$73.61B$1.18BUSDC$0.9997+0.01%+0.01%$73.33B$12.78BXRP$1.04+0.16%-4.91%$65.03B$1.59BSolana (SOL)$75.12+2.04%+8.43%$43.63B$3.18BTRON (TRX)$0.3159-0.74%-4.31%$29.96B$641.67MHyperliquid (HYPE)$63.62-1.04%+2.08%$16.09B$556.29MDogecoin (DOGE)$0.07111-0.37%-10.00%$12.13B$834.8M Fear & Greed at 11: A Fresh Cycle Low The Fear & Greed Index printed 11 today, dropping below the previous cycle low of 12 set on June 29 and reversing the brief uptick to 15 seen just yesterday. The trajectory over the past month tells the story: last month the index read 29 (Fear), last week 17 (Extreme Fear), and now 11 — the deepest Extreme Fear reading of the entire 2026 correction. This marks the first time in the cycle that sentiment has failed to build on a recovery attempt, suggesting traders remain unwilling to add risk even as prices stabilize in familiar ranges. Sustained readings this low have historically preceded relief rallies, though the timing of any reversal remains uncertain.

Bitcoin: Breaks Below $58,000 Before Recovering Bitcoin fell as low as $57,800.19 in intraday trading on July 1 — its weakest level since the May cycle low — before buyers stepped in to push price back to $58,904.32. The 24-hour range spanned $57,800.19 to $59,457.00, reflecting the sharp volatility that has characterized the past several sessions. The broader 1-week chart shows BTC opening above $60,900 on June 26, grinding lower through a choppy mid-week stretch, breaking down sharply below $58,500 on June 30, and now testing that low again on July 1 before a modest bounce. The 7-day moving average has now crossed below the 25-day and 99-day averages, a bearish technical signal that reflects the accelerating short-term downtrend. 24-hour volume reached 21,429 BTC (roughly $1.26 billion), consistent with active repositioning rather than a single directional catalyst. With price briefly breaching $58,000, BTC has now moved closer to a retest of its May 2026 cycle low of $59,130 than at any other point since that low was set. For continuous updates, see our Bitcoin news today page.

Solana: The Only Top-10 Asset in Positive Weekly Territory Solana remains the clear leader among major assets, gaining 8.43% over the past week to $75.12, with a further 2.04% gain over the last 24 hours alone. The 1-week chart shows a powerful recovery structure — SOL bottomed near $69 in late June before staging a sustained climb through $72 and $74, closing the week above $75. Volume reached $3.18 billion, confirming genuine participation behind the move rather than thin trading. Solana’s relative strength continues to outpace Bitcoin and Ethereum by a wide margin, positioning it as the standout story of the current correction cycle.

Ethereum: Holding Above $1,575 Despite Broader Weakness Ethereum is down 5.28% over the past week to $1,579.45, a decline roughly in line with Bitcoin’s but occurring against a backdrop of persistent spot ETF outflow headlines and ongoing scrutiny of the Ethereum Foundation’s restructuring. Volume of $9.83 billion suggests the market continues to actively reprice the asset rather than sitting on the sidelines. The key level to watch heading deeper into July is whether ETH can build a stable base above $1,550. For daily coverage, see our Ethereum news today tracker.

XRP, BNB, and TRON Track the Broader Decline XRP, BNB, and TRON posted comparable weekly losses of 4.91%, 5.24%, and 4.31% respectively, tracking the broader market pullback rather than showing any asset-specific catalyst. XRP trades at $1.04 with the CLARITY Act still awaiting Senate action following its recess. BNB sits at $546.18, while TRON continues to hold up marginally better than its large-cap peers at $0.3159, consistent with its typically defensive profile during broad drawdowns.

Dogecoin: Weakest Performer in the Top 10 Dogecoin remains the clear underperformer among major assets, down 10.00% over the past week to $0.07111 — nearly double the decline of the next-weakest asset. With no underlying utility catalyst, DOGE continues to function as the purest sentiment proxy in the top 10, and its outsized weekly loss reflects just how compressed risk appetite has become during the depths of Extreme Fear.

What August Inherits From July’s Opening Day July opens with sentiment at its lowest point of the entire 2026 correction cycle, and Bitcoin’s brief break below $58,000 shows the pressure hasn’t fully released even as Solana continues to demonstrate that idiosyncratic strength is possible within a broadly bearish macro backdrop. The path forward into July will likely hinge on three factors: whether the Fear & Greed Index can build on any recovery attempt without immediately reversing, whether Bitcoin can reclaim the $59,000 zone on a sustained basis after today’s dip toward $57,800, and whether Ethereum’s relative resilience this week marks the start of a genuine bottoming process.

Compare Crypto Prices Today Bitcoin Price Ethereum Price XRP Price Solana Price BNB Price TRON Price Where to Buy Binance — largest global exchange by trading volume, wide asset selection Coinbase — beginner-friendly, strong regulatory compliance in the US Kraken — established security track record, robust fiat on-ramps KuCoin — deep altcoin listings Gate.io — wide range of trading pairs OKX — advanced trading tools and derivatives For long-term holders, self-custody via a hardware wallet is recommended over keeping large balances on exchanges.

FAQ Why did Bitcoin drop to $57,800 today? Bitcoin briefly fell to an intraday low of $57,800.19 during heightened volatility as the Fear & Greed Index hit a cycle low of 11, before recovering to trade near $58,900.

What is the Fear & Greed Index reading today? The index reads 11, classified as Extreme Fear, down from 15 yesterday and 17 last week — the lowest reading of the entire 2026 correction cycle.

Which cryptocurrency is performing best this week? Solana is the top performer among major assets, up 8.43% over the past seven days, while most other top-10 coins remain in negative territory.

Is Dogecoin still falling? Yes. Dogecoin is down 10.00% over the past week, making it the weakest performer among major cryptocurrencies during the current correction.

The XRP Ledger added 4,941 new wallets in a single day on June 30, its strongest network growth spike in over three months, even as $XRP struggles to hold the psychologically important $1 mark.

According to on-chain analytics firm @SantimentData, the inflection point came on June 25, when XRP fell to 19-month lows near $1.01. Rather than triggering a sell-off, the drop appears to have drawn in fresh buyers. The XRP Ledger added 4,941 new wallets in a single day, its strongest network growth spike in over three months, and that surge is happening at the exact moment price sits closest to breaking below the psychologically important $1 level.

Each wallet on the XRP Ledger requires a small reserve deposit to activate, meaning each new account represents a deliberate decision to commit funds rather than a costless sign-up. That makes the 4,941 figure harder to dismiss as noise.

Sentiment Flips Bullish at the Worst Moment on the Chart Bullish sentiment outpaces bearish sentiment at a ratio of 3.7 to 1, the highest FOMO level around the token in three months. That shift is striking given the price action offers little obvious reason for optimism.

Santiment pointed to XRP's history of sharp rebounds, ongoing ETF momentum, and continued accumulation from larger holders as the drivers behind the optimism, even as price action stays ugly. Santiment data shows accumulation across all three large cohorts in June despite a 21% price dip, with the 10 million to 100 million XRP tier leading with 160 million XRP added, the strongest bullish signal of the group.

US spot XRP ETFs attracted $22.99 million in net inflows last week, extending their inflow streak to eight consecutive weeks. XRP ETFs have not recorded a single day of net outflows since June 3, although several sessions have ended with flat flows.

Context: A Token Under Pressure XRP entered 2026 in a corrective phase, trending near $1.80, and plunged to the $1.30 range at the start of March as the broader crypto winter triggered. The slide has continued since, with the token now defending a level not seen in over a year and a half.

Santiment said the open question is whether this wallet surge converts into sustained buying pressure or fades as short-term FOMO, and that with XRP sitting so close to $1.00, the coming sessions should reveal which way the on-chain demand breaks.

Sources
XRP Network Growth Surges With Buyers Defending the Key $1 Zone - Crypto Economy
XRP Demand Builds On-Chain Even as Price Sinks to 19-Month Low - Yahoo Finance
XRP Flirts With Falling Below $1 Despite Record Network Growth - Benzinga

Sandwich Attacks On The XRP Ledger? There's An Easy Fix, Ripple Exec Says

On Friday, June 26, Ripple [XRP] prices fell to $1.009, the closest brush of the psychological $1 level since November 2024. Despite the market weakness, XRP spot ETF inflows remained positive.

AMBCrypto reported that this spot ETF demand was tightening the available XRP supply, though it might not result in immediate positive gains in these stressed market conditions.

The lack of broader market XRP demand and reduced speculative interest in recent months pointed to a gloomy outlook.

Can the XRP bulls defend $1 from subsequent sell-offs? Source: XRP/USDT on TradingView The 1-day XRP chart highlighted an altcoin trading within a long-term downtrend. The persistent downtrend stretches back to July 2025. In February earlier this year, the swing low at $1.61 from April 2025 was breached, confirming a bearish trend.

For a few months, a range formation [purple] was in place, but the sell-off towards the end of May was too hot for the bulls to handle. At the time of writing, after a brief bounce toward $1.3, XRP was chopping about the $1.05 local lows.

The XRP price expectations for July Source: CryptoQuant The Open Interest has stabilized around 400 million XRP in recent months. The Open Interest Turnover Ratio was also holding stable near 0.71. The lack of wild spikes in either metric meant that the speculative market was calmer and more stable.

The derivatives traders were not too eager to place directional bets, and short-term speculation has slowed down. Analyst Arab Chain wrote that traders can use a spike in OI and the turnover ratio as an early warning of increased volatility.

Source: XRP/USDT on TradingView The 4-hour chart showed XRP was trading within a downtrend. The bounce to $1.2935 in mid-June was only a pullback toward the 78.6% Fibonacci retracement level at $1.2985.

This bounce was quickly sold off, and XRP was about to extend its bearish leg toward the southward extension targets at $0.975 and $0.854.

Therefore, as July progresses, a Ripple token price drop below $1 appeared highly likely.

Final Summary The speculative activity has dried up and the derivatives market was calmer, but traders need to be wary of changing conditions and heightened volatility. Based on the evidence at hand, the bearish XRP momentum and structure would likely see prices fall toward $0.85 in July.

XRP attracted its strongest wave of user participation in more than three months despite trading near a critical psychological support. According to Santiment, the network added 4,941 new wallets in a single day, marking its highest daily network growth during the past three months. 

Retail traders also displayed stronger conviction, with the positive-to-negative social sentiment ratio climbing to 3.7:1, its highest level in four months. Those figures suggested that market participants viewed the $1.00–$1.05 range as an attractive accumulation zone despite recent price weakness. 

However, the surge in wallet creation reflected growing interest rather than confirmed buying activity. Optimism remained supported by expectations surrounding institutional participation and ETF-related narratives. However, the price still required sustained demand to validate the renewed confidence.

Can XRP reclaim strength from $1.03? XRP continued defending the $1.03 support after briefly dropping to nearly $1.01, its lowest level in 19 months. 

Buyers repeatedly responded around that area, preventing a decisive breakdown below the psychological $1.00 threshold. Even so, the broader structure remained bearish because XRP traded well below the $1.2386 resistance while failing to establish a sequence of higher highs. 

At press time, the Relative Strength Index (RSI) stood at 32.76, remaining below the neutral 50 level despite recovering from deeply oversold conditions earlier in June. The reading indicated that selling pressure had eased slightly but still dominated the broader trend. 

Unless buyers reclaim higher resistance levels, XRP would likely remain vulnerable to additional downside pressure despite the improving participation metrics.

Source: TradingView Long liquidations revealed where pressure intensified Derivatives activity showed that bullish traders absorbed the largest losses during the latest trading session. Total long liquidations reached approximately $1.28 million, while short liquidations totaled about $130,770, highlighting the imbalance between both sides of the market. 

Binance accounted for the largest share of liquidated long positions with roughly $568,370, followed by Hyperliquid at $454,120 and Bybit at $122,810. Those figures indicated that leveraged bulls lost positions as XRP struggled to recover above nearby resistance. 

However, the relatively smaller short liquidations suggested bearish traders faced limited pressure despite the temporary rebound from support. The liquidation imbalance reflected cautious market positioning. Besides, it also confirmed that buyers had not yet regained firm control of the prevailing trend.

Source: CoinGlass Funding rates reflected growing bearish conviction The OI-Weighted Funding Rate remained negative and stood near -0.0027% as of writing, indicating that short traders gradually regained control across perpetual futures markets. 

Negative funding  generally reflected stronger demand for short exposure because traders paid premiums to maintain bearish positions. The shift aligned with XRP’s inability to reclaim resistance despite improving network activity and rising social optimism. 

Even though fresh wallet creation accelerated and retail sentiment strengthened considerably, derivatives traders continued favoring downside exposure. This divergence suggested that speculative traders remained unconvinced by the recent improvement in on-chain participation. 

Unless Funding Rates return to positive territory alongside stronger price action, bearish positioning would likely continue limiting XRP’s recovery attempts.

Source: CoinGlass To conclude, XRP displayed encouraging growth in user activity and social sentiment, yet derivatives data painted a more cautious picture. Buyers successfully defended the $1.03 support, but negative funding, weak RSI, and dominant long liquidations showed that confidence remained fragile. 

XRP would likely require stronger spot demand and a recovery above nearby resistance before the improving network activity translates into a sustained trend reversal.

Final Summary XRP attracted fresh users while bearish derivatives positioning continued, limiting price recovery efforts. Buyers defended $1.03 support despite rising long liquidations and negative funding rates.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction. BTC rebounds modestly after falling to a fresh yearly low of $57,800, ETH holds above the critical $1,500 support level while XRP stabilizes around the key $1.00 psychological mark. The technical outlook for these top three cryptocurrencies is raising hopes of a short-term recovery after a massive price decline.

Bitcoin hits a new yearly low of $57,800Bitcoin price is recovering slightly to $59,000 after hitting a new yearly low of $57,800 on Wednesday. BTC is extending its slide well below the key Exponential Moving Averages (EMAs), which keeps the bias firmly bearish. The 50-day EMA at $66,352, the 100-day EMA at $70,133 and the 200-day EMA at $76,276 all sit overhead, suggesting a market that remains capped by a dense band of medium- and long-term trend resistance. 

The Relative Strength Index (RSI) on the daily chart hovers near 32, hinting at lingering weak momentum rather than a capitulation low. At the same time, the Moving Average Convergence Divergence (MACD) turns slightly negative again around the zero line, suggesting that the latest bounce is stalling under layered overhead supply.

On the topside, initial resistance emerges at the prior horizontal barrier around $64,004, ahead of the 50-day EMA near $66,352, with further recovery levels at the 100-day EMA at $70,133 and the 200-day EMA around $76,276. 

A more substantial bullish reassessment would require a daily close above these clustered EMAs, while a failure to reclaim the $64,000 area would leave BTC vulnerable to a renewed downside extension targeting the key psychological level at $55,000.

Ethereum holds strong above the $1,500 levelEthereum price trades at $1,586 on Wednesday, holding above the key support zone at $1,500. However, ETH is maintaining a bearish bias, with price remaining well below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1,815 and $2,286. 

The RSI hovers around 34, maintaining downside pressure, while a mildly positive MACD reading suggests a tentative loss of selling momentum rather than a clear bullish reversal.

On the topside, initial resistance emerges at the 50-day EMA near $1,814, with the 100-day EMA around $1,993 and the horizontal barrier at $2,000 forming a broader supply zone; beyond that, the 200-day EMA near $2,285 is a more strategic cap. 

On the downside, the next notable support comes in at the horizontal level around $1,385, where buyers may attempt to stabilize the decline if the pair extends lower.

XRP steadies at key $1 markXRP price trades at $1.0471, maintaining a bearish near-term bias as it remains well below the 50-day, 100-day, and 200-day EMAs at $1.1937, $1.3019, and $1.5145, respectively. The pair also trades beneath the upper boundary of a downward parallel channel near $1.1597, underscoring a capped structure. At the same time, the RSI hovers around 34 and a slightly negative, flattening MACD histogram hints at weak but stabilizing downside momentum rather than an immediate reversal.

On the topside, initial resistance aligns with the channel boundary around $1.1600, followed by the 50-day EMA near $1.1937. Above these, the horizontal barrier at $1.3000 sits close to the 100-day EMA around $1.3019, forming a broader supply zone ahead of the more distant 200-day EMA near $1.5145 and the major horizontal resistance around $1.9000. 

With no clear nearby structural support printed below the spot in this dataset, a daily close back above the $1.1600–$1.1900 band would be needed to ease immediate bearish pressure. At the same time, a failure to reclaim that cluster would keep the risk skewed toward further downside exploration.

(The technical analysis of this story was written with the help of an AI tool.)

Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

After failing to maintain the recovery rally that peaked close to the 200-day moving average, Bitcoin is still under a lot of pressure. The longer-term bearish structure was validated by the $82,000 rejection, which also set off another wave of selling that drove Bitcoin back toward $58,000. 

The situation is still weak technically. Bitcoin is currently trading below the 50, 100, and 200-day moving averages, all of which are still declining. This alignment usually indicates that sellers are in control over a number of time periods. While RSI is close to oversold territory and has not produced a strong bullish divergence, volume has not shown any indications of significant accumulation. 

The most important level to keep an eye on is the most recent low of $57,000 to $58,000. A more severe decline would be possible if it were lost. For the time being, any upward movement appears to be more of a relief bounce than the beginning of a long-term trend reversal.

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Stellar is avoiding a bear trendXLM is still one of the few large-cap tokens that is holding close to its moving averages in spite of the overall weakness of the market. The token recently saw a huge surge that drove it above the 200-day moving average and generated a significant amount of trading activity. 

The price is currently testing the cluster of the 50, 100, and 200-day moving averages around the $0.18–$0.19 zone after sharply retracing from local highs near $0.30. Bulls and bears now use this region as a crucial battlefield. The fact that XLM's longer-term structure has not entirely collapsed is a plus. In contrast to Bitcoin, Stellar still has an opportunity to reach a higher low if buyers hold onto the present support levels. 

XLM/USDT Chart by TradingViewThere is less speculative excess in the market as a result of the RSI cooling from overbought conditions. If XLM is able to hold above $0.18, it may be able to stabilize and try to push higher again. However, a breakdown below that range would probably invalidate a large portion of the recent breakout and return the asset to a wider downtrend.

The asset broke out of a descending triangle pattern after consolidating above important support levels for several months. It is currently trading close to $1.03, which is dangerously close to the psychological $1 mark. The breakdown in and of itself is significant. XRP consistently printed lower highs while defending the $1.30 support zone throughout March, April, and May. 

Sellers eventually outnumbered buyers, which caused a sharp decline below support. The move accelerated the downward momentum and validated the bearish structure. 

XRP remains alertedXRP is still in a precarious position technically. The price is moving below the downward-sloping 50-, 100-, and 200-day moving averages. 

This alignment typically indicates a long-term downward trend as opposed to a brief correction. Buyers have not regained control, as evidenced by the rejection of each recovery attempt over the past few weeks near moving-average resistance. Currently, $1.00 is the most crucial level. In addition to being a significant psychological barrier, it is also one of the final significant support areas before XRP moves into a region where past purchasing activity becomes significantly less frequent. 

XRP/USDT Chart by TradingViewAnother wave of liquidations and panic selling would probably result from a breakdown below $1, particularly among traders who have been anticipating a recovery from current levels. Although RSI is getting close to oversold territory, a convincing reversal signal has not yet been generated. 

This does not necessarily mean that a bottom has formed, even though it implies that downside momentum may be slowing. The road ahead is simple but challenging for bulls. To refute the current bearish trend, XRP must eventually return above the broken $1.30 support area and at least recover the 50-day moving average around $1.13. 

Until then, rallies are probably not going to be seen as the beginning of a recovery, but rather as opportunities for sellers. The medium-term course of XRP may be decided in the next few days. A relief bounce is possible if $1 holds. If it does not hold, the market might experience another painful decline.

Hyperliquid makes hasteDespite the recent correction, Hyperliquid is still one of the market's best-performing assets. In contrast to the majority of cryptocurrencies, HYPE is still firmly above its major moving averages and maintains a more expansive bullish structure. HYPE entered a phase of increased volatility after rising from below $30 earlier this year to highs above $75. The asset went through a number of significant corrections, but buyers kept intervening before the trend could fully collapse. 

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After yet another rejection from local highs, HYPE is currently trading close to $65. The pullback may seem alarming, but the chart remains positive. The 100-day and 200-day averages are still much lower, indicating the strength of the underlying trend, while the 50-day moving average at $64 continues to serve as immediate support. Several tests have already been conducted on the rising trendline that sustained the advance throughout the spring. 

During times of volatility, the price briefly fell below it, but buyers soon regained control, averting a more significant structural breakdown. There is a significant decrease in momentum. After being in overbought conditions for weeks, the RSI has declined toward neutral territory. Since it eliminates excessive speculation without ruining the uptrend, this reset is actually beneficial to the market. 

The 50-day moving average is the crucial level to monitor. Another attempt to reach the $70-$75 range is still possible if HYPE can stay above it. The likelihood of a deeper retracement toward the 100-day moving average around $53 would rise in the event of a break below that level. HYPE is one of the few significant assets that is currently exhibiting a bullish market structure. The current correction does not appear to be the start of a full trend reversal, but rather consolidation following an explosive rally.

XRP is trading at a critical juncture, with both technical indicators and on-chain metrics signaling a potential turning point. Over recent days, the price has been oscillating between $1.00 and $1.06, a range that analysts view as decisive for the cryptocurrency’s short-term direction. According to Santiment data, XRP touched approximately $1.01 on June 25 and was last observed trading close to $1.04. This marks one of the lowest levels for XRP in the past 19 months.

Short-term recovery signals in technical analysisAnalyst Ali Charts highlights that the Tom DeMark Sequential indicator on the daily XRP chart has triggered a buy signal. The appearance of a “9” candle in this pattern is considered a key sign of short-term downside exhaustion—an indicator closely watched by traders. Historically, this setup has often paved the way for brief price rebounds lasting from one to four days.

Ali Charts notes that the Tom DeMark Sequential “9” signal and the Morning Star Doji pattern on the daily chart suggest a higher probability of XRP forming a local bottom, and if buying volume increases, the price could move toward $1.30.

The analyst points to two distinct bullish reversal signals. Alongside the Tom DeMark Sequential’s buy indication, the last three sessions have formed a Morning Star Doji candlestick pattern—a formation often used in technical analysis to help identify potential local bottoms.

On-chain UTXO Realized Price Distribution data also highlights $1.06 as a key support level for XRP, where over 830 million tokens have recently changed hands. Ali Charts suggests that holding above $1.06 could pave the way for a recovery toward $1.27 and $1.35. Conversely, a daily close below this threshold would leave the price vulnerable to further declines toward $0.80, $0.62, and $0.51.

Mini glossary: UTXO Realized Price Distribution is an on-chain data set tracking the amount of assets last moved at specific price levels. Analysts use this to identify strong support and resistance zones.

IndicatorLevelSignificanceMain support$1.06Holding above maintains recovery prospectsUpside targets$1.27, $1.35Watched if buying interest strengthensDownside risks$0.80, $0.62, $0.51In play if daily close falls below $1.06On-chain activity rises amid ongoing selling pressureXRP’s on-chain metrics show heightened activity. Ali Charts reports that daily active XRP addresses have surged from around 23,000 to nearly 40,000 in the past two weeks, reflecting an increase of almost 50%. During the same period, the spike in active addresses reached 72%, even as open interest dropped to its lowest point since July 2025. Despite XRP’s ability to stay above the $1 mark, the coin remains stuck below the pivotal $1.10 resistance.

Santiment reports that 4,941 new wallets were created on XRP Ledger in a single day, marking the strongest network growth surge in more than three months. The analysis notes that this surge in wallet creation could signify revived on-chain activity for the XRP Ledger, which underpins all $XRP transactions.

Santiment highlights that this rise in new wallets coincided with XRP trading near its $1 support, and for every negative social comment, there were 3.7 positive ones in the same period.

Nevertheless, the uptick in network activity has yet to outweigh ongoing selling pressure. Ali Charts observes that large investors have continued distributing XRP even as active addresses rise. In the past five days, major wallets are reported to have sold over 30 million XRP, indicating that wallet activity upticks could reflect both new demand and assets being moved to exchanges.

Institutional interest and regulatory developments remain in focusOn the institutional side, interest in XRP has not disappeared entirely. Recent market data indicates a net inflow of $15.34 million into XRP spot ETFs as of June 29. Bitwise led the way with $11.94 million, followed by Canary XRPC with a $3.40 million inflow. Total cumulative net inflows now stand at $1.485 billion.

Market participants are also monitoring progress on the United States CLARITY Act. Crypto analyst Crypto Crusader argues that the broader context around Ripple and XRP is being overlooked, suggesting that Ripple has been working to expand its global regulatory presence ahead of legislative changes. However, the CLARITY Act process has been delayed, as US lawmakers are focused on other regulations after returning from recess.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Table of contents

Price action rarely tells the whole story. XRP is hovering just above $1.00 after touching a 19-month low of $1.01 on June 25, yet on-chain activity is telling a different tale. The XRP Ledger recorded 4,941 new wallet creations in a single day—the strongest network growth spike in over three months—according to the Santiment update. Fresh addresses are appearing right as the coin sits on its most critical support zone in over a year.

The simultaneous spike in social sentiment adds another layer. The crowd is treating the $1.00–$1.05 range as a dip-buy opportunity, pushing the positive-to-negative comment ratio to 3.7, also a three-month high. That level of FOMO hasn’t been seen since the last major relief rally. Some of the optimism stems from XRP’s history of rebounding sharply from deep lows and the lingering institutional narrative around ETF prospects. The signal, however, remains mixed: rapid wallet growth is often interpreted as retail accumulation, but when it coincides with elevated bullish commentary and a fragile price, the setup can also precede short-term local tops.

Network growth divergence 4,941 new wallets in a day is not a trivial number for XRP Ledger. Such spikes typically accompany genuine demand-side interest, whether from existing users onboarding new participants or from a wave of first-time buyers. This network expansion stands out because it has materialized during a period of prolonged price weakness rather than euphoric highs. In many on-chain cycles, users tend to exit or stay idle when price approaches multi-month lows. What makes this instance notable is the opposite behavior: users are joining the network while sentiment surveys show a crowd increasingly convinced that sub-$1.05 is a buying zone.

Still, network growth alone doesn’t guarantee follow-through. Wallet creation can reflect speculative intent or bot activity as easily as it can signal organic accumulation. The key question is whether these new wallets will fund up and become active participants in on-chain transfer flows or simply exist as placeholders. Traders often watch whether a surge in new addresses aligns with an uptick in transaction count and exchange outflows to confirm real absorption. Without that confirmation, the wallet spike remains a potential head-fake.

FOMO meets fragile structure The crowd’s 3.7-to-1 bullish ratio also deserves scrutiny. Extremely one-sided social sentiment around a distressed asset can act as a contrarian indicator. When traders become too comfortable calling a bottom, the market often forces a deeper flush. XRP’s price is only a few percentage points above the $1.00 floor, and any bull trap that breaks that level could trigger a cascade of sell stops. On the other hand, if the sentiment is validated and spot demand absorbs the selling pressure, the combination of fresh wallets and bullish narrative could build a base for a more durable recovery.

The broader context matters too. XRP’s narrative has long been shaped by regulatory ambiguity, and ongoing regulatory battles still hang over the token’s institutional adoption thesis. Meanwhile, institutional capital flowing into tokenized assets suggests that narrative-driven accumulation isn’t isolated to XRP. For now, market participants are left parsing whether this on-chain flare is the early signal of a structural shift or just another bout of retail FOMO that fades before real volume arrives.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

XRP (CRYPTO: XRP) is approaching a pivotal technical level, even as Ripple unveiled a new lending protocol aimed at expanding the XRP Ledger’s institutional financial infrastructure.

In a Ripple blog post on June 29, Ripple introduced the XRPL Lending Protocol, an on-chain lending framework designed to expand the XRP Ledger into institutional credit markets.

This will enable loans backed by tokenized assets such as Treasuries, stablecoins, commodities and private credit without requiring holders to sell them.

Unlike traditional DeFi lending platforms, the protocol keeps credit underwriting, compliance and loan negotiations off chain while automating loan origination, interest accrual, repayments and default handling on chain.

Ripple said its dual-layer design, combining Single Asset Vaults with a standardized lending protocol, creates scalable financing infrastructure that mirrors traditional capital markets.

The lending protocol will trigger a spike in the use of Ripple’s stablecoin on-chain. XRPL which is already handling institutional settlement will assist in reducing operational complexity and enable institutions to manage more of the financial lifecycle in one place.

XRP Gearing For Volatile MoveIn an X post on June 30, crypto chart analyst Ali Martinez noted XRP is nearing a decisive move, with multiple technical and on-chain indicators pointing to heightened volatility:

From a chart perspective, Martinez added that XRP has already encountered resistance at the upper boundary of its trading channel and is now drifting toward the channel’s midpoint, which aligns with the $0.70-$0.80 support zone.

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An XRP Power user shares a story of financial recovery, encouraging users to explore its platform and AI-powered digital asset services.

On a winter night, the temperature on the streets of New York dropped to freezing. A ragged man huddled on a bench near a subway station, his only old coat wrapped tightly around his body. At that time, he had no job, no fixed address, only a few coins in his pocket, and he didn’t even know if he would have a hot meal the next day. 

Few passersby stopped, and no one would have imagined that this seemingly insignificant homeless man would, a few months later, achieve financial freedom and own a million-dollar fortune.

The low point of life Before becoming homeless, he lived an ordinary life, with a family, a job, and expectations for the future. But all of this was quickly shattered by reality, bit by bit.

His marriage ran into problems, and the breakdown of his family plunged him into both emotional and financial hardship. Not long after, his company laid off employees, and he lost his only stable source of income.

To get back on his feet, he decided to start his own business, investing all his meager savings. However, due to inexperience and an unfavorable market environment, the business quickly failed. Instead of recovering, he was burdened with debt.

When all possible avenues were exhausted, he lost his home and was forced to move between shelters, his car, and the streets. During that time, he truly experienced for the first time what it meant to have “no way out.”

Turning point During his most difficult time, a chance encounter changed circumstances.

Through a former colleague, he saw discussions and introductions about XRP Power in the Global Times. This caught his attention. Hiscolleague had been with XRP Power for some time and had earned a considerable amount of money there, but when he told him, he didn’t have the funds to risk investing.

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After confirming the basics, he officially joined. Although the earnings weren’t high, during his most difficult time, he successfully withdrew $100 for the first time, enough to support his basic living expenses for several days.

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In the following months, his income began to stabilize, his life gradually emerged from its lowest point, and a real turning point began to appear.

This is the XRP Power website. Click to register a personal account. New users can currently receive a $21 bonus.

The process After gradually seeing a glimmer of hope, he began to plan each step more cautiously.

Initially, he only used a small amount of about $100 to try it out, mainly to familiarize himself with the rules and control risk, rather than pursuing a complete change in his situation.

After things stabilized somewhat, he gradually increased hisinvestment to about $5,000, then $50,000, and only later, when he felt more confident, did he gradually moved to the $100,000 level. Throughout this process, he maintained a phased and controlled pace, rather than a one-time investment.

In this process, he learned to adjust his strategy according to different stages, making his financial arrangements more stable, rather than chasing short-term fluctuations.

From the initial cautious attempts to the gradual expansion, he was more focused on managing his own rhythm than simply pursuing results.

Looking back, the real change wasn’t a single investment, but rather long-term adjustments and perseverance.

XRP Power’s contract model. The platform’s rules and returns for different periods are relatively clear; relevant instructions and expected returns are available before operation.

In conclusion Looking back on this experience, he has returned to a stable life from living on the streets.

For him, this isn’t a story of “sudden success,” but rather the result of taking it one step at a time. The low point taught me to calmly face reality and made him understand the importance of perseverance and making the right choices.

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From homelessness to regaining his footing, there were no shortcuts, only continuous attempts and adjustments.

What truly changes your destiny isn’t the starting point, but the step taken forward even at someone’s lowest point.

Join XRP Power achieve a better life and be the starting point for financial freedom.

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XRP is holding the $1 level heading into July, but only just. The token is trading in a critical zone that will likely determine its direction over the coming weeks.

The Weekly Picture

The longer-term bear market structure remains unconfirmed as reversed. XRP is still technically within the larger downtrend that has defined recent months. However, the price continues to bounce from the $0.90 to $1.00 zone, a major area of support that has held despite repeated tests. For now, $1.00 is acting as the floor.

On the upside, $1.13 has flipped from previous support into resistance, marking the next key level XRP needs to reclaim to signal strength returning to the chart.

A Bullish Signal on the Daily Chart

The more encouraging development is on the daily timeframe, where a bullish divergence has been active and confirmed for roughly a week now. This pattern typically suggests that selling momentum is weakening even as price stays low, often preceding either a short-term bounce or a period of sideways consolidation rather than further sharp declines.

The prediction has remained consistent for several days: a slight bullish relief combined with choppy sideways price action is the most likely scenario heading into the coming days and weeks. That forecast has played out as expected so far and there is no reason yet to revise it.

What to Watch

The $1.00 level is the line that matters most right now. Holding it keeps the door open for a retest of $1.13 resistance. Losing it on a confirmed basis would reopen the path toward lower targets in the $0.87 to $0.90 range.

For July 1 and the days following, the base case remains modest relief rather than a dramatic move in either direction, with the daily bullish divergence offering the first technical sign that the worst of the selling pressure may be easing.

Story Ends Here

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In the XRP community, the view has recently been gaining strength that the token has finally been left on the sidelines of the market. The logic behind this observation is simple: since Ripple has shifted its focus to its new dollar stablecoin, RLUSD, the "old volatile" XRP will no longer be needed, and liquidity will simply flow into the stable asset.

Analysts at Evernorth, the largest independent XRP treasury, examined the logic behind this fear and explained, using fresh on-chain data from Dune Analytics, why the new dollar does not “eat” XRP, but instead acts as its main catalyst.

Inside the RLUSD and XRP synergyWhen Ripple first launched its digital dollar, investors expected the worst - if large businesses were given a stable dollar for settlements inside the XRP Ledger (XRPL), XRP itself would be written off. In reality, however, everything moved in the opposite direction.

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According to the latest report, 52% of all RLUSD volume now circulates inside XRPL, even though back in April the network’s share was only 17%, while most of the stablecoin was held on Ethereum.

RLUSD in circulation by chain, in dollars., Source: Evernorth citing Dune AnalyticsIn less than a year and a half, RLUSD’s share of trading operations inside XRPL rose from near-zero levels, below 1%, to 12%. Here, Evernorth’s experts make an important point: the market is not abandoning XRP — traders have simply started actively moving dollars through the token.

To understand the essence of this process, the analysts suggest looking at the traditional foreign exchange market. In the global economy, the U.S. dollar participates in most transactions, acting as the main connecting link. Without it, it is difficult to quickly and cheaply exchange, for example, yen for tugriks.

A similar model is now being built on Ripple’s blockchain.

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The direct RLUSD/XRP trading pair has generated $900 million in volume in just six months, creating a deep dollar market that simply did not exist before. Judging by the metrics, these assets are not competing in this pair, but dividing responsibilities:

RLUSD gives businesses a clear dollar value for settlements without exchange-rate swings.XRP remains an independent “bridge” for instant conversion between other assets when the parties on both ends of a transaction do not have a direct match of interests.But the main technical argument for why XRP has not been left out of Ripple’s expansion into stablecoins lies in how the network itself is built. Any operation, transfer, or order in the RLUSD/XRP pair requires a network fee, which is physically and permanently burned.

This creates a simple relationship: the more popular digital-dollar settlements become, the higher the activity in the XRP pair. And the more activity there is, the more XRP tokens are burned, reducing the total supply of the network’s native asset.

As a result, the dollar does not push XRP out of the market. It is built on top of it, generating liquidity and forcing the native token to burn even faster, Evernorth concludes.

Open Standard has announced Open USD (OUSD), a new stablecoin developed for global payments and settlement processes. According to the company, over 140 companies, including Visa, Stripe, Mastercard, BlackRock, BNY, Coinbase, Ripple, Google, Shopify, Bybit, OKX, and Solana, have joined the OUSD ecosystem.

Open Standard stated that OUSD will be a stablecoin based on a consortium governance model, not controlled by a single issuer. Under this model, ecosystem partners will be able to share in reserve revenues and participate in governance processes after paying a small governance fee.

The company stated that OUSD will support zero-fee minting and redemption processes, and that no artificial issuance limits will be applied. The stablecoin is expected to launch later this year.

Zach Abrams, co-founder and CEO of Bridge, which is owned by Stripe, will serve as the founding CEO of Open Standard.

According to Open Standard, companies joining the OUSD ecosystem include payment giants Visa, Stripe, Mastercard, American Express, and Western Union; financial institutions BlackRock, BNY, Standard Chartered, U.S. Bank, BBVA, and DBS; technology companies Google, Samsung Electronics, IBM, Shopify, and Mercado Libre; and cryptocurrency companies such as Coinbase, Bybit, Solana, OKX, Ripple, Crypto.com, Fireblocks, Gemini, MetaMask, Aave, Galaxy, Ledger, MoonPay, Trust Wallet, Stellar, Polygon, and Aptos Labs.

*This is not investment advice.

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JPMorgan Chase has highlighted the potential for tokenization and programmable money to reshape the operations of global finance. According to the bank, these technologies could accelerate payments, reduce settlement times to near-instant levels, and enhance efficiency in cross-border transactions.

The significance of tokenization for JPMorganIn a joint opinion piece, Umar Farooq—Co-Head of Global Payments at JPMorgan—and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions, stressed that blockchain-based financial infrastructure is increasingly vital in a worldwide economy that operates 24/7. They emphasized that as businesses function continuously, traditional financial systems require faster and more flexible solutions.

The executives stated that tokenizing traditional assets such as deposits, bonds, equities, and real estate could minimize friction in payment processes, improve liquidity, and slash settlement times from days to mere seconds.

Farooq and Muriungi underscored that tokenization and programmable money can reduce payment friction, shorten settlement cycles, and deliver efficiency for both companies and consumers.

JPMorgan also stressed that innovation must advance hand in hand with robust regulatory safeguards. The bank noted that stablecoins and tokenized money hold considerable promise, particularly in cross-border payments, but insisted that digital asset service providers adopting bank-like roles should adhere to similar standards regarding capital, liquidity, consumer protection, and regulatory oversight.

Mini glossary: Tokenization means representing real-world or financial assets—such as bonds, deposits, real estate, or commodities—on a blockchain as digital tokens. Programmable money refers to digital currencies that can be programmed to transfer, pay, or settle transactions automatically when specific conditions are met.

Alignment with IMF perspectivesJPMorgan’s assessment closely aligns with recent statements from the International Monetary Fund, which has positioned tokenization as one of the next major advances in finance. The IMF has drawn attention to the transformative potential of tokenization in changing how money and real-world assets move within the global economy.

A technological framework similar to XRPLThe framework described by JPMorgan closely mirrors the technological capabilities of the XRP Ledger (XRPL). Designed for rapid, cost-efficient value transfers, XRPL settles transactions in approximately three to five seconds. The minimal transaction fees—just a fraction of a cent—have made it particularly attractive for cross-border payment scenarios.

Beyond payments, XRPL stands out as a primary platform for tokenizing real-world assets. Financial institutions and developers can directly issue stablecoins, government bonds, commodities, and real estate on the network, allowing for much faster transfers and settlements.

The speed, programmability, efficient settlement structure, and compliance-driven infrastructure offered by XRPL align closely with the elements JPMorgan sees as critical for the future of finance.

Expanding institutional use casesThe network also provides features tailored for institutional use, such as escrow accounts, a built-in decentralized exchange, automated market makers, and permissioned token issuance. These tools enable organizations to automate payments, settlements, and compliance workflows directly on-chain.

Recently, XRPL has placed even greater emphasis on regulatory-compliant stablecoins, permissioned decentralized finance applications, and compliance-focused infrastructure aimed at institutional adoption. This trajectory aligns with JPMorgan’s perspective that blockchain can strengthen the current financial system without undermining regulatory foundations.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP (XRP) is holding above the $1.00 support zone amid a broader downturn. Yet, on-chain activity is rising. 

New wallet, whale, and exchange-traded fund (ETF) activity suggest users are stepping in while the price looks fragile, pointing to demand below the surface.

XRP Price Slump Meets Steady DemandXRP, like the broader market, has seen notable declines this month. The altcoin touched a 19-month low of $1.01 on June 25. It now trades near $1.05, down 0.18% over the past day.

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XRP Price Performance. Source: BeInCrypto MarketsYet, on-chain data paint a different picture. Santiment reported that the XRP Ledger added 4,941 new wallets in a single day, marking its strongest network growth in more than three months.

Social sentiment has also flipped bullish. The positive/negative social ratio reached 3.7 positive comments for every bearish one, a three-month high in FOMO, according to Santiment. Traders appear to treat the $1.00 to $1.05 band as a dip-buy area.

“Part of this optimism comes from XRP’s familiar rebound history, ongoing ETF and institutional narratives, and the idea that larger holders have continued building exposure even during ugly price action,” the firm said.

XRP New Wallet and Social Sentiment. Source: X/SantimentOn-Chain Signals Point to AccumulationOn-chain data support that view. Santiment data shows accumulation across all three large cohorts in June despite a 21% price dip. The 10 million to 100 million XRP tier led with 160 million XRP added, the strongest bullish signal of the group.

Smaller cohorts followed. Wallets holding 100,000 to 1 million XRP added 30 million tokens, while those holding 1 million to 10 million XRP gained 20 million tokens. This suggested that large holders continued to accumulate despite the decline.

XRP Whale Accumulation in June. Source: SantimentInstitutional demand has also remained resilient. US spot XRP exchange-traded funds (ETFs) attracted $22.99 million in net inflows last week, extending their inflow streak to eight consecutive weeks. 

The new week also began on a positive note, with the funds recording $15.34 million in net inflows on Monday. This trend stands in sharp contrast to Bitcoin and Ethereum ETFs.

Bitcoin ETFs have recorded seven consecutive weeks of net outflows totaling approximately $7.7 billion. Investors pulled another $231 million on Monday.

Ethereum ETFs have also experienced consecutive weekly outflows. XRP ETFs, by contrast, have not recorded a single day of net outflows since June 3, although several sessions have ended with flat flows.

Santiment said the open question is whether this wallet surge converts into sustained buying pressure or fades as short-term FOMO. With XRP sitting so close to $1.00, the coming sessions should reveal which way the on-chain demand breaks.

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The crypto market ahead of EU MiCA’s July 1 deadline remains under pressure, with total value down 0.69% to $2.05 trillion. Traders are watching BTC, ETH, XRP, and BNB Prices as Europe prepares for stricter crypto enforcement.

EU MiCA Deadline Raises Pressure on Crypto Firms The Markets in Crypto Assets (MCA) regulation is at the final stage of enforcement tomorrow. The rules stipulate that exchanges will be required to cease operations throughout the European Union if those exchanges are not approved.

MiCA provides a common ground for crypto trading, custody, and market behaviour. It’s also regarded as the initial wide crypto rulebook of the globe.

The deadline for crypto firms to be approved by MiCA has been reached and only 244 of them have obtained approval so far. Europe previously had more than 3,000 registered crypto companies.

🚨 #Crypto Firms Turn to Dubai as EU Grants Only 244 MiCA Licenses

With just 244 #MiCA licenses issued out of nearly 3,000 applicants, crypto firms are increasingly turning to Dubai as the UAE emerges as a key hub for digital asset businesses.

Meanwhile, @binance , @bitget,… pic.twitter.com/5BrPkAG0j6

— CoinGape (@CoinGapeMedia) June 30, 2026

This will cause a disruption in service for many operators, and possibly even result in operators having to suspend or withdraw from the region. The change may impact user access and Europe’s liquidity in the future.

Binance founder Changpeng Zhao said the company’s Greece license application failed due to political interference. However, analysts say that euro trading only accounts for a small part of Binance’s spot volume.

The regulatory change is also driving some of the founders to the UAE. European crypto companies are increasingly interested in Dubai’s faster licensing procedures.

Bitcoin price Bitcoin price dropped 1.49% to $59,257 on Tuesday as traders awaited the due date for the EU MiCA. The pressure was largely attributed to the withdrawal of U.S. spot Bitcoin ETFs. June was the month for more than $4.1 billion in outflows for these funds, which dampened investor enthusiasm among institutional buyers. 

Source: BTC/USDT chart Tradingview Bitcoin price now faces a decisive test around the $58,000 support zone. If bulls do a defence of that area, then the the Future Bitcoin outlook may trade sideways and regain strength. However, a break below $58,000 could open a move toward $56,000.

Ethereum (ETH) Ethereum price rebounded from $1,500 support level on Tuesday following its failure to hold above it yesterday. The token is recovering from the recent market correction in preparation for EU MiCA. 

$ETH is back into its high demand zone.

As long as the $1,500 level holds, Ethereum could have a relief rally next month. pic.twitter.com/aZAB5kt6Ez

— Ted (@TedPillows) June 30, 2026

The initial major selling resistance is around $1,600, where they may test out short-term demand. If the bounce off is stronger, it could propel Ethereum back up to $2,000 and then $2,010. If selling resumes, traders will watch the $1,500 level closely. A further decline may penetrate $1,385 that is still a medium-term support level.

XRP Price XRP price dropped by 0.80% to $1.04 as sentiment in the crypto market softened. The decline came as the Fear and Greed Index stayed at 17, signaling extreme fear. However, fresh inflows into spot ETFs helped support XRP prior to the EU’s MiCA deadline. 

Source: Sosovalue data XRP spot ETFs recorded $15.34 million in net inflows on June 29. Bitwise led the flow with $11.94-million, followed by Canary XRPC’s $3.40-million. Cumulative net inflows have now climbed to $1.485 billion. If the price of XRP continues to hold above $1.00, it might try to push towards $1.15. A close below $1.00 could raise the risk of further declines to $0.95.

Binance Coin (BNB) BNB Coin fell 0.92% to $549 amid broader market weakness. However, macro pressure brought by stronger U.S. dollar and geopolitical uncertainty, kept the buyers cautious. The $540-$550 range continues to be a crucial area of support in the lead up to EU MiCA enforcement. 

BNB price As long as BNB remains in this range, the token could continue to hold its ground. A failure to break above the range will bring this price to the forefront of consideration at $520.

Table of contents

Bitcoin is trading at $59,101 on June 30, 2026 — the final day of the worst month of the current correction cycle — as the Fear & Greed Index reads 15, a marginal recovery from yesterday’s absolute cycle low of 12. Total crypto market cap holds near $2.07 trillion. The defining story of the day is the sharp divergence within the top 10: Solana and Hyperliquid are posting strong weekly gains while Bitcoin, Ethereum, XRP, BNB, and Dogecoin all remain in negative territory for the week, with Dogecoin down a brutal 9.43%.

Key Takeaways Bitcoin at $59,101, down 0.26% on the day and 5.33% on the week, closing out June’s worst monthly performance of the cycle Fear & Greed Index at 15 — up slightly from yesterday’s cycle-low 12, but still firmly in Extreme Fear; last month was 28 (Fear) Solana is the standout performer: +6.19% weekly, the only top-10 asset with strong positive momentum across both 24h and 7d Hyperliquid (+4.35% weekly) is the second-best performer, both assets benefiting from idiosyncratic strength rather than broad market recovery Dogecoin down 9.43% weekly — the worst performer in the top 10 by a wide margin Ethereum down just 0.46% on the day despite Foundation restructuring and ETF outflow headlines XRP down 6.27% weekly as CLARITY Act odds fell to 42% and Senate entered recess until July 13 TRON’s defensive characteristics weakened into month-end, down 3.74% weekly — still better than BTC, ETH, XRP, BNB AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$59,101.69–0.26%–5.33%$1.18T$31.35BEthereum (ETH)$1,575.63–0.46%–4.98%$190.15B$11.72BTether (USDT)$0.9984–0.01%–0.03%$184.7B$70.52BBNB$547.09–0.29%–4.54%$73.73B$1.15BUSDC$0.99960.00%0.00%$73.61B$13.24BXRP$1.03–0.30%–6.27%$64.61B$1.58BSolana (SOL)$73.39–0.26%+6.19%$42.63B$3.85BTRON (TRX)$0.3171–0.10%–3.74%$30.08B$638.95MHyperliquid (HYPE)$65.83–0.12%+4.35%$16.65B$659.81MDogecoin (DOGE)$0.07192–0.67%–9.43%$12.26B$638.58M Fear & Greed at 15: Recovering From the Cycle’s Darkest Reading The Fear & Greed Index printed 15 on June 30, an improvement from yesterday’s reading of 12 — the deepest Extreme Fear of the entire 2026 correction cycle. The four-day trajectory tells the story: last month was 28 (Fear), last week 23 (Extreme Fear), yesterday 12 (cycle low), today 15. The slight uptick from 12 to 15 is the first sentiment improvement seen in over a week, though the index remains firmly in Extreme Fear territory.

This sentiment pattern — sustained readings below 20 for multiple consecutive days, including the deepest point of the entire cycle — has historically been associated with periods that precede meaningful relief rallies, though the timing and magnitude of any recovery remain uncertain. The next update arrives within 24 hours and will be the first reading of July, providing an early signal of whether the marginal improvement continues into the new month.

Bitcoin: Closing Out the Worst Month of the Cycle Bitcoin is trading at $59,101.69, down 0.26% on the day and 5.33% over the past week — a decline that caps what has been confirmed as the worst monthly performance of the entire 2026 correction. The 1-week chart shows BTC opened above $62,200 on June 24, dropped sharply to test the $59,000s through a volatile mid-week stretch, and has spent the final days of June grinding in a narrow range near $59,000–$60,000.

Volume at $31.35 billion is elevated (+44.14% versus the prior session per CoinMarketCap data), consistent with month-end institutional rebalancing rather than a fresh directional catalyst. With June closing near $59,000, the monthly candle confirms BTC’s deepest drawdown test of the year, though the price has avoided a clean breach of the May cycle low on a sustained closing basis. For the full BTC breakdown, see our Bitcoin news today page.

Solana: The Standout Performer of the Week Solana is the clear leader among major assets, up 6.19% over the past week to $73.39 even as it dipped slightly (–0.26%) on the day itself. The 1-week chart shows a powerful recovery structure: SOL bottomed near $66 around June 25–26 alongside the broader market selloff, then staged a sustained climb through $68, $70, and finally above $73 by June 30 — outperforming every other top-10 asset by a wide margin on the weekly timeframe.

Volume surged 54.41% to $3.85 billion, confirming institutional participation behind the move rather than thin, low-conviction trading. SOL’s relative strength reflects its faster recovery from the June 26 capitulation low compared to Bitcoin and Ethereum, combined with the ongoing Alpenglow upgrade narrative and continued real-world adoption momentum from partnerships announced earlier in the month.

Ethereum: Resilient Despite Foundation Restructuring Headlines Ethereum is down just 0.46% on the day to $1,575.63, holding up reasonably well despite a difficult news cycle that included the Ethereum Foundation’s confirmed 20% staff reduction and persistent spot ETF outflows. The 7-day loss of 4.98% is actually milder than Bitcoin’s 5.33% weekly decline — a notable shift after ETH had underperformed BTC for most of June.

Volume jumped 47.47% to $11.72 billion, the second-highest percentage volume increase in the top 10 after Solana. The relative stability suggests that the worst of the Foundation restructuring and ETF outflow narrative may already be priced in, with the market shifting attention toward whether ETH can build a base above $1,550 heading into July. For daily ETH coverage, see our Ethereum news today tracker.

XRP: Weakest Major Asset as CLARITY Act Odds Slide XRP is the weakest major asset on a weekly basis among BTC, ETH, BNB, and TRX, down 6.27% to $1.03 as CLARITY Act passage odds fell to 42% and the Senate entered recess until July 13. The 1-week chart shows the same pattern as Bitcoin and Ethereum — a sharp drop around June 25–26 followed by a choppy, directionless recovery attempt that has failed to reclaim the $1.06–$1.08 zone on a sustained basis.

Despite the price weakness, on-chain accumulation by large holders has continued throughout the drawdown, and some technical analysts have flagged early bullish reversal signals on the daily chart. Whether those signals translate into price action will likely depend heavily on developments around the CLARITY Act when the Senate returns from recess on July 13.

TRON: Defensive Edge Erodes Into Month-End TRON’s typically defensive profile weakened in the final week of June, with TRX down 3.74% to $0.3171 — still outperforming BTC, ETH, XRP, and BNB on the weekly timeframe, but a notably larger decline than the sub-1% losses TRX posted during earlier capitulation events in June. Volume rose 14.03% to $638.95 million.

The erosion in TRON’s relative strength suggests that sustained multi-week macro pressure is beginning to weigh on even utility-driven assets, though TRX’s structural demand base from USDT settlement remains intact heading into the MiCA enforcement window that opened July 1.

Hyperliquid: Quietly the Second-Best Performer Hyperliquid is up 4.35% over the past week to $65.83, the second-strongest performer in the top 10 after Solana. The 1-week chart shows a steady, low-volatility climb from the low $60s to nearly $66, with volume surging 72.35% to $659.69 million — the largest percentage volume increase of any asset in the top 10. HYPE’s continued strength reflects sustained demand for its on-chain perpetuals exchange, which has maintained robust trading volumes even as broader sentiment remained deeply negative.

Dogecoin: Worst Performer in the Top 10 Dogecoin is down 9.43% over the past week to $0.07192 — by far the weakest performer among major assets and nearly double the percentage decline of the next-worst performer, XRP. With no underlying utility catalyst, DOGE remains the purest sentiment proxy in the top 10, and its outsized weekly loss reflects just how compressed risk appetite has become during the depths of Extreme Fear.

What July Inherits From June June 2026 closes as the worst monthly stretch of the current crypto correction cycle, with Bitcoin down over 5% on the week and Ethereum facing both technical damage and structural organizational news from the Foundation restructuring. Yet the month also closes with two clear bright spots — Solana and Hyperliquid — both demonstrating that idiosyncratic strength is possible even within a broadly bearish macro environment.

The Fear & Greed Index’s modest recovery from 12 to 15 is the first sentiment improvement in over a week, and the path into July will be shaped by three factors: whether the CLARITY Act sees any progress when the Senate returns from recess on July 13, whether Bitcoin can hold the $59,000 zone on a sustained basis, and whether Ethereum’s relative stability this week marks a genuine bottoming process or merely a pause before further downside.

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Summary

XRP is holding above the key $1 support with modest gains, but it remains stuck in a range below resistance around $1.10.Network and fund data are improving, with daily active addresses up 72 percent in two weeks and XRP spot ETFs logging eight straight weeks of inflows.Leverage in XRP has reset sharply lower, cleaning up crowded long positions, yet the price is still trading below major moving averages and has not confirmed a recovery.XRP is no longer getting hit by the same crowded leverage that drove the selloff from its highs, but buyers still have not done enough to change the chart.

The token held above $1 and edged higher during the session, while network activity rose sharply and ETF inflows continued. That leaves traders watching whether improving usage and cleaner positioning can finally turn into a move back above $1.10.

News Background• XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks.

• Open interest across major exchanges fell below 150 million from a 1.3 billion peak, removing a large share of the leveraged positioning that had built up during XRP’s earlier rally.

• XRP spot ETFs recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million despite broader weakness across crypto funds.

• XRP ETFs added $15.6 million in net inflows on June 26, while bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million.

Price Action Summary• XRP rose from $1.0451 to $1.0544 during the 24-hour session, gaining 1.59%.

• The token traded in a $0.0435 range and continued to hold above the $1.00 psychological support level.

• The main burst of activity came on June 29 at 17:00, when volume reached 86.5 million XRP, about 67% above the 24-hour average.

• Price later consolidated between $1.03 and $1.06, leaving the market range-bound rather than in a confirmed recovery.

Technical Analysis• The key development is that XRP continues to defend $1.00 even after a 19% monthly decline.

• The leverage reset improves the setup. Open interest has fallen sharply, funding has turned negative and forced long liquidations have cleared out crowded positioning.

• The on-chain picture is stronger than the chart. Active addresses are rising, ETF inflows are continuing and exchange reserves remain stable, but price is still below major moving averages.

• XRP remains capped by resistance near $1.10, with larger barriers near the 50-day EMA around $1.20 and the 100-day EMA around $1.31.

• The 4-hour RSI has recovered from oversold territory to 46, but momentum remains below the neutral 50 level.

What traders should watch• $1.00 remains the key support level. A break below it would put $0.90-$0.87 back in focus.

• $1.06 is the first short-term resistance level, followed by $1.09-$1.10, where recent rallies have stalled.

• A reclaim of $1.20 would be the first real sign that XRP is shifting from support defense to recovery.

• Until XRP breaks above $1.10 or loses $1.00, the market remains a range trade with improving fundamentals but no confirmed technical turn.

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The Evolution of the Crypto CEX Landscape: A Case Study on Binance

The Evolution of the Crypto CEX Landscape: A Case Study on Binance

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

23 hours ago

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Why it matters:

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

The XRP Ledger (XRPL) is moving toward a new phase focused on financing value, with a new native Lending Protocol entering the validator voting phase.  

The protocol will provide crypto holders with yield and businesses with efficient access to capital. 

Jasmine Cooper, head of product at RippleX, has noted that the infrastructure around tokenization has remained largely absent or fragmented.  

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Separating underwriting from executionThe XRPL approach relies on institutions to handle credit assessments off-chain. This sets it apart from decentralized finance (DeFi) platforms that integrate underwriting directly into protocols.

The blockchain natively enforces the mechanics of repayment schedules, interest calculations, and default conditions based on the agreed-upon terms. 

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Notably, Cooper agrees that execution does not necessarily have to be executed off-chain. "Over time, I’d love to see more of the lifecycle move on chain," she said.

Core components The proposed credit infrastructure consists of two complementary components: single asset vaults (XLS-65) for pooling and managing a single asset on the ledger and the lending protocol (XLS-66), which allows pooled liquidity from the vaults to be originated into fixed-term loans. 

The protocol structures risk by supporting first-loss capital at the facility level. This means pool administrators or underwriters put junior capital at risk. 

The system targets practical working capital use cases for institutions. For instance, a payment provider waiting for cross-border settlement to close could access a short-term working capital facility against expected inflows instead of drawing on more expensive traditional bank credit lines.  

XRPL aims to offer institutions the liquidity and distribution benefits of a public blockchain combined with strict regulatory compliance. 

The XLS-65 and XLS-66 proposals are currently subject to approval by XRPL validators. If approved, the native credit layer will become available on the mainnet.  

Key Takeaways XRP currently hovers around $1.05, maintaining stability above the critical $1 threshold following a June 25 dip to $1.01—the lowest level in 19 months. Tokens flowing out of exchanges increased dramatically, jumping from 40.7 million to approximately 123 million XRP within days, suggesting potential accumulation by holders. Spot XRP ETFs recorded their eighth consecutive week of positive inflows, bringing total cumulative inflows to approximately $1.47 billion. Network engagement surged with daily active addresses climbing 72% over a two-week period, moving from 23,000 to nearly 39,500. Derivatives open interest contracted sharply from 1.3 billion to under 150 million, indicating a significant deleveraging event. XRP maintains its position around the $1.05 level following a challenging June performance. The digital asset touched approximately $1.01 on June 25, marking its lowest valuation in 19 months, yet purchasing pressure has successfully defended the psychologically important $1.00 threshold in subsequent trading sessions.

XRP Price While price action has remained subdued, the underlying XRP Ledger has demonstrated notable vitality. The blockchain recorded 4,941 newly created wallets within a 24-hour window, representing the most significant single-day expansion in wallet creation observed over the past three months.

Concurrently, daily active addresses have experienced substantial growth. The metric expanded from approximately 23,000 on June 14 to nearly 39,500 by June 27, reflecting a 72% increase within a fortnight.

Token Movement and Institutional Capital Flow Blockchain analytics reveal an accelerating trend of tokens being withdrawn from centralized exchanges. The exchange net position change metric shifted from roughly 40.7 million XRP on June 22 to approximately 123 million XRP several days afterward, representing an increase of nearly 200%.

Source: Glassnode Such withdrawal patterns typically indicate that holders are moving assets into self-custody rather than positioning for immediate sales. Meanwhile, institutional appetite for XRP exposure continues unabated.

Spot XRP exchange-traded funds have maintained positive net inflows for eight consecutive weeks. Total cumulative inflows now approach $1.47 billion, with an additional $22.99 million recorded during the week ending June 26.

Notably, on June 26, XRP-focused ETFs attracted $15.6 million in capital while bitcoin-based products experienced $444.5 million in withdrawals and ethereum funds recorded $12.9 million in outflows.

The derivatives market has undergone significant consolidation. Open interest across primary trading venues declined from a peak exceeding 1.3 billion to beneath 150 million, eliminating substantial speculative positioning that accumulated during XRP’s previous upward movement.

Market intelligence firm Santiment Intelligence highlighted this divergence between price weakness and growing network participation in a recent analysis. The firm observed that new wallet creation and optimistic market sentiment are materializing even as price threatens the $1 level, with sentiment analysis revealing 3.7 positive comments for each negative one—the highest ratio in three months.

✍️ TL;DR: XRP’s massive new wallet creations & FOMO emerge in midst of price threatening to drop below $1
📊 Metrics used: Network Growth, Pos/Neg Social Ratio
🔗 Link to chart: https://t.co/0WJTZI6VSS

📉 $XRP is still hanging on to the $1.00 support zone, trading around ~$1.04… pic.twitter.com/41bd8NqCQJ

— Santiment Intelligence (@SantimentData) June 30, 2026

Critical Technical Zones Under Observation XRP has remained confined within a descending price channel throughout the past year. The 20-period exponential moving average, which tracks near-term momentum, currently aligns with the upper boundary of this channel in the $1.18 to $1.22 range.

Source: TradingView This region also coincides with a Fibonacci retracement level at $1.178 and a concentration of approximately 22.8 million XRP in cost basis distribution between $1.18 and $1.19. An additional 27.4 million XRP are positioned between $1.21 and $1.22.

These price zones represent areas where previous purchasers may attempt to exit positions at breakeven, establishing resistance. A decisive move above $1.18 followed by $1.22 would push XRP beyond its established downtrend into more neutral technical territory.

For downside protection, immediate support is established near $1.02. A violation of this level could potentially trigger a decline toward $0.87, according to Fibonacci extension analysis.

In the near term, market participants are monitoring $1.06 as initial resistance, followed by the $1.09 to $1.10 zone where previous recovery attempts have encountered selling pressure. A sustained move above $1.20 would represent the first meaningful indication of a potential trend reversal.

The 4-hour relative strength index has recovered to 46 after entering oversold territory, though it remains below the neutral 50 threshold. Price action recently consolidated within a $1.03 to $1.06 range, with peak trading volume occurring on June 29 at 17:00 UTC when 86.5 million XRP were exchanged.

XRP price traded near $1.05 on June 30 as buyers continued to defend the $1 support area. 

Summary

XRP remains near $1.05 as traders watch whether $1 support can hold through June selling. Santiment data shows 4,941 new wallets, while bullish social comments reached three-month highs this week. Lower Binance XRP open interest suggests slower speculation, but price still lacks breakout confirmation. Crypto.news price data showed XRP at $1.05, with the token almost flat over 24 hours and down more than 6% over seven days. The same data placed 24-hour volume at about $1.56 billion and market capitalization near $65.24 billion.

The current range remains narrow. XRP moved between $1.04 and $1.07 over the last 24 hours, keeping the market close to the same support zone that traders have watched since the June selloff. Crypto.news data also showed XRP down about 22% over 30 days and more than 48% over 200 days, showing that the latest hold above $1 has not yet changed the broader downtrend.

XRP had already been trading near $1.05 after a weak month, with buyers watching the $1 level as the main short-term line. XRP needed a stronger move above $1.12 and then $1.27 before traders could argue that momentum had shifted back toward buyers.

New XRP wallets jump as sentiment improves Santiment data cited in market updates showed the XRP Ledger added 4,941 new wallets in one day, marking its strongest network growth reading in more than three months. The jump came as XRP traded close to the $1 to $1.05 range, a zone that many traders now treat as a possible dip-buy area.

✍️ TL;DR: XRP’s massive new wallet creations & FOMO emerge in midst of price threatening to drop below $1
📊 Metrics used: Network Growth, Pos/Neg Social Ratio
🔗 Link to chart: https://t.co/0WJTZI6VSS

📉 $XRP is still hanging on to the $1.00 support zone, trading around ~$1.04… pic.twitter.com/41bd8NqCQJ

— Santiment Intelligence (@SantimentData) June 30, 2026 Social sentiment also moved higher. Santiment reported a ratio of 3.7 bullish comments for every bearish comment, also a three-month high. The firm said XRP was “still hanging on to the $1.00 support zone,” but warned that traders still need to see whether new wallet growth turns into real demand rather than short-term FOMO.

The shift follows a period of weak sentiment earlier in June. Santiment previously said XRP sentiment had fallen to its lowest level since October 2025, as traders grew tired of weak price action and limited new catalysts. That earlier reading gave a contrast to the latest FOMO spike, where social optimism has recovered before price has confirmed a breakout.

Binance XRP leverage cools down CryptoQuant analyst Arab Chain said Binance XRP derivatives activity now looks calmer after a sharp drop from previous highs. The analyst said Binance XRP open interest stood near 375.56 million XRP, while the Open Interest Turnover Ratio held near 0.71, pointing to slower short-term speculation.

XRP Open Interest Turnover Ratio, Source: CryptoQuant analyst Arab Chain That reading followed a larger reset from the second half of 2025, when XRP open interest topped 1.3 billion XRP before falling and stabilizing near 400 million XRP. Arab Chain said the lower ratio and reduced open interest suggest traders have become more cautious about opening new positions.

XRP active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. Open interest across major exchanges fell sharply from a 1.3 billion peak, reducing the crowded leverage that had helped drive earlier selling pressure.

Network activity on $XRP has surged over the past two weeks.

Daily active addresses have climbed from 23,000 on June 14 to nearly 39,500 today, signaling growing on-chain participation. pic.twitter.com/lqX9oo3AsS

— Ali Charts (@alicharts) June 28, 2026 A calmer derivatives market can reduce forced selling, but it does not guarantee a recovery. Arab Chain noted that a sudden rise in the turnover ratio, especially if it comes with higher open interest, could signal renewed speculative activity and more volatility.

XRP activity grows while recovery remains unconfirmed The XRP Ledger has shown stronger network use even while the token price remains under pressure. As reported by crypto.news, Messari’s State of XRP Q1 2026 report showed average daily XRPL transactions rose 35.3% quarter over quarter to 2.48 million, even as XRP price fell 27.1% during the same period.

The same report said RLUSD reached a $340.3 million market cap on XRPL by the end of Q1, making it the network’s largest stablecoin. XRPL’s real-world asset market cap also rose 124.1% quarter over quarter to $2.25 billion, showing that network activity and token price have not moved in the same direction this year.

ETF flows also remain part of the XRP market story. As reported by crypto.news, XRP products posted repeated inflows while Bitcoin and Ethereum funds faced outflows during the same period. That demand may help slow selling near $1, but the earlier report noted that it had not yet been enough to push XRP into a confirmed recovery.

For now, XRP sits between improving network signals and weak price structure. Wallet creation, active addresses, fund flows and lower leverage give traders more data to watch. The next test remains simple: XRP needs to hold $1 and reclaim nearby resistance before the market can treat the rebound as more than a defensive move.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.