XRP Risks Losing $1 Despite Strongest Wallet Growth in Three Months

Highlights:

• XRP risks falling below the key $1 support despite stronger network activity and rising investor optimism.
• XRP wallet growth reached its highest daily level in more than three months as 4,941 new wallets joined the network.
• ETFs posted their eighth straight week of inflows, but buyers still need stronger demand to confirm a recovery.

XRP risks falling below the important $1 price level despite stronger network activity, according to blockchain analytics firm Santiment. According to CoinMarketCap data, XRP is trading around $1.04 after falling to a 19-month low of about $1.01 on June 25. Santiment said weak prices have not stopped new users from joining the XRP Ledger. The network added 4,941 new wallets on June 25, its strongest daily wallet growth in more than 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

The new wallets appeared while XRP traded between $1 and $1.05. Many traders now see that range as a possible buying area. Santiment also reported 3.7 bullish comments for every bearish comment across social media during that period, the highest positive sentiment ratio in three months. Earlier in June, the same firm said XRP sentiment had dropped to its lowest level since October last year.

Optimism has also grown around XRP ETFs and institutional demand. Santiment added that larger holders have kept building their positions during the recent decline. Santiment said new wallet growth must lead to stronger buying before the market can confirm a recovery. Until then, XRP remains at risk of falling below the $1 support level.

Not everyone shares Santiment’s cautious outlook. Some market analysts believe XRP could repeat a familiar recovery pattern. Analyst Charting Nerd said XRP has repeatedly formed higher lows before breaking above lower highs in previous market cycles. The analyst identified $1 as the key support and expects XRP to reclaim $2 before challenging its previous all-time high near $3.40 if the same pattern develops again.

Red and green should never be seen unless there's breakouts in between 😉 2026 is building the foundations for a major $XRP repricing 🚀 pic.twitter.com/zh7RfRNOft

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 30, 2026

XRP Wallet Growth Improves Despite Price Pressure

Despite Santiment’s warning that XRP could fall below the $1 support level, the XRP Ledger showed stronger network activity throughout June. Daily active addresses increased from about 23,000 on June 14 to nearly 39,500 by June 27, marking a 72% increase in just two weeks. The network activity increased even though XRP failed to reflect that strength in its market price.

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

Messari also reported another sign of growth during the first quarter of this year. The average daily XRPL transactions increased 35.3% from the previous quarter to 2.48 million. During the same period, the XRP price fell 27.1%. The report showed that users completed more transactions even as the token lost value.

CryptoQuant analyst Arab Chain also reported lower speculative trading on Binance. Open interest stood near 375.56 million XRP, while the open interest turnover ratio remained around 0.71. Open interest had previously exceeded 1.3 billion XRP during the second half of last year. The lower figures show that fewer traders use leverage than before. Arab Chain said lower leverage may reduce forced selling, but it does not guarantee a price recovery.

XRP open interest on Binance currently stands near 375.56 million XRP with a turnover ratio of approximately 0.71, reflecting a significant decline from the 1.3 billion XRP peak seen in late 2025 and indicating reduced trader appetite for new derivatives positions. The lower open… pic.twitter.com/r6S4kD7V8G

— Onchain Insights (@OnchainIns5699) June 30, 2026

Institutional Demand Grows While Recovery Waits for Confirmation

XRP ETFs also attracted more money despite the weak price of XRP. Spot XRP exchange-traded funds recorded an eighth straight week of inflows through June 26. Investors added $22.99 million during the latest week, the largest weekly inflow in June.

XRP spot ETFs saw net inflows last week, while BTC, ETH and SOL spot ETFs saw net outflows
BTC: -$1.79B
ETH: -$273.34M
SOL: -$3.8M$XRP: $22.99M 💎 pic.twitter.com/NTD0jMj7tN

— XRPcryptowolf (@XRPcryptowolf) June 29, 2026

Bitwise’s XRP ETF led the group after attracting $11.18 million on June 26. Franklin Templeton’s XRPZ followed with another $3.80 million on the same day. Together, the seven active spot XRP ETFs now manage almost $1 billion in assets. XRP funds also outperformed Bitcoin and Ethereum products during the same period. Even so, stronger ETF demand and XRP wallet growth have not pushed XRP above the key resistance levels. Traders are watching whether buyers can defend the $1 support before attempting a move toward $1.12.