XRP's wallet party has 4,941 new guests — but the bears are still on the guest list 🎉

XRP added 4,941 new wallets in a single day, its strongest daily network growth in more than three months, according to Santiment data cited in market coverage. The positive-to-negative social sentiment ratio climbed to 3.7:1, the highest level in four months, even as the token continued to trade near the psychologically important $1.00 threshold. Traders have repeatedly defended the $1.03 support area after XRP briefly dropped to roughly $1.01, its lowest level in 19 months, though the broader structure remained bearish with price well below the $1.2386 resistance.

Derivatives positioning underscored the imbalance. Total long liquidations reached approximately $1.28 million during the latest session, while short liquidations totaled about $130,770. Binance accounted for roughly $568,370 of liquidated longs, followed by Hyperliquid at $454,120 and Bybit at $122,810. The OI-Weighted Funding Rate stood near -0.0027%, indicating that short traders gradually regained control across perpetual futures markets. The Relative Strength Index (RSI) was at 32.76, below the neutral 50 level but recovered from deeply oversold conditions earlier in June.

Network and institutional signals strengthened in parallel with retail caution. XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise contributing $11.94 million of that total. June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion. CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance's measure at 44.6%, pointing to stronger large-holder activity while retail participation remained measured.

Price action reflected that divergence. XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC, underperforming the broader crypto market by 1.27%. The token pushed through $1.0560 at 03:27 UTC on volume of 5.34 million, a 1,433% jump from the preceding hourly average, and reached a session high near $1.0665 during the 03:27-03:53 UTC window, when total volume hit 11.31 million. Higher lows have formed above the $1.00 support, with $1.0318 and $1.0410 marking the base of the latest recovery attempt, and 24-hour activity stood 5.95% above the seven-day average. A sustained move above $1.10 is the level market participants are watching for a more convincing recovery.