XRP bulls test path back toward $1.10 as token zips 4% higher
CoinDesk 2026-07-03 05:29:00
Context: XRP, a cryptocurrency token, has seen a surge in value, rising 4% higher as buyers test the path back toward $1.10. The token's price increase was driven by a higher low and rising volume, with buyers active on the advance, although it still needs a clean break above $1.10 to confirm momentum. This development comes after last week's sell-off, which saw XRP's price drop.
Key Facts
- XRP wallet creation rose to 4,941 daily addresses, marking the strongest single-day growth in 14 weeks, indicating increased interest and activity in the token.
- Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1, suggesting a growing optimistic outlook among investors.
- Ripple completed its scheduled 1 billion XRP escrow unlock without a meaningful price shock, demonstrating the company's ability to manage its token supply without disrupting the market.
- XRP's move tracked the broader crypto market closely, with idiosyncratic variance against CD5 staying well below the level that would suggest a major asset-specific catalyst, implying that the token's price movement is largely in line with the overall cryptocurrency market.
- The token established higher lows at $1.0552, $1.0589, and $1.0799, showing that buyers stepped in at progressively higher levels, indicating a strengthening bullish trend.