XRP edges higher as whale activity rises while retail traders stay cautious
CoinDesk 2026-07-02 06:20:31
Context: The price of XRP has edged higher due to increased activity from large holders, also known as whales, even as retail traders exercise caution. This uptick in whale activity has been accompanied by a surge in new wallet creation, which has reached a three-month high. Despite these positive developments, XRP's recovery remains uncertain.
Key Facts
- New wallet creation for XRP hit a three-month high, indicating growing interest in the cryptocurrency, although it remains to be seen whether this trend will be sustained.
- Large-holder activity, often referred to as "whale" activity, has strengthened, contributing to the recent price increase of XRP, but the cryptocurrency still faces a significant hurdle in reclaiming the $1.10 mark.
- XRP's price recovery is considered unconvincing until it surpasses the $1.10 threshold, a key level that could signal a more robust and sustained rebound in the cryptocurrency's value.