XRP Shows Signs of Accumulation Amid Rising Whale Activity
XRP demonstrates accumulation above the $1.00 mark, with whale activity increasing and new wallet creations reaching a three-month high, according to CoinDesk. However, the token must reclaim the $1.10 level for a more convincing recovery to take place.
XRP is exhibiting signs of accumulation following an increase in whale activity and the creation of new wallets, which hit a three-month peak. During the 24-hour session ending on July 2, 2026, XRP's price rose by 1.41%, reaching $1.0613. While this signals some positive momentum, it remains below pivotal moving averages and the $1.10 resistance level needed for a stronger recovery.
On June 30, XRP spot exchange-traded fund (ETF) inflows totaled $15.34 million, with significant contributions from Bitwise, which accounted for $11.94 million. Cumulatively, these inflows in June surpassed $62 million, bringing the overall net flows to approximately $1.48 billion. Despite these figures, XRP needs to break through resistance at $1.10 for a trend reversal to be deemed convincing.
The XRP Ledger recorded 4,941 new wallet creations in a single day, representing the most substantial increase in new accounts in over three months. Concurrently, data from CryptoQuant indicated a growing divergence between whale participation and caution among retail traders, with whales showing a significant presence in the market. The All CEX Whale vs Retail Spread stood at 50.9%, while Binance reported 44.6%, highlighting a shift towards larger holders.
Market Observations
Key price levels are in focus as traders monitor the immediate breakout zone between $1.0560 and $1.0590, along with the significant resistance at $1.0665. A sustained close above $1.10 will be crucial for shifting sentiment and indicating a broader recovery. If this level is reclaimed, traders may turn their focus to the $1.20 range. Conversely, failure to maintain support at $1.04 could put the $1.00 level back in jeopardy.
Despite improved whale activity and positive network data, analysts caution that the market remains in a range-bound phase without a clear trend shift. Until XRP clears the $1.10 threshold consistently, it risks another bounce within current ranges rather than a full recovery.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 2, 2026. SolanaWire does not republish source content.
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