XRP Adds Wallets Like It's Going Out of Style — Price Still Ghosts the Resistance 🪙

XRP recorded its largest single-day increase in wallet creation in more than three months, even as the token continued to trade below key resistance levels. According to Santiment, the network added 4,941 new wallets in a single day, marking the highest daily network growth of the past three months. Retail sentiment also strengthened, with the positive-to-negative social sentiment ratio climbing to 3.7:1, its highest level in four months.

The data indicated that market participants viewed the $1.00–$1.05 range as an accumulation zone despite recent price weakness. However, the surge in wallet creation reflected growing interest rather than confirmed buying activity, and optimism continued to be supported by expectations surrounding institutional participation and ETF-related narratives.

XRP defended 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, indicating that selling pressure had eased but still dominated the broader trend.

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. 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. The OI-Weighted Funding Rate remained negative at approximately -0.0027%, reflecting stronger demand for short exposure across perpetual futures markets.