XRP gained 1.33% in 24 hours to trade near $1.11, outperforming Bitcoin’s 0.61% rise and the crypto market’s 0.97% increase. The token held a 9.37% weekly gain, though falling trading volume showed limited buying pressure.
Market data points to a broad crypto recovery as the main driver. XRP moved with the wider market but posted stronger gains. No clear token-specific catalyst appeared in the price data, while trading volume fell 16.26%. Traders are watching whether XRP can hold the $1.05 to $1.10 support and test resistance near $1.15.
XRP’s daily gain placed it ahead of Bitcoin and the crypto market. The relative strength suggests selective demand, although the move still tracked the wider market direction. The Altcoin Season Index also fell to 46, showing that capital has not shifted strongly into altcoins.
The lower volume limits confirmation of the advance. A daily close above $1.12 could support a move toward $1.15, while a drop below $1.08 may show weaker momentum. Bitcoin’s next move will also matter, as a broad market decline could pressure XRP without a new coin-specific event.
Ripple increased RLUSD minting across the XRP Ledger and Ethereum. It issued $291.6 million, with about $225.8 million, or 77%, minted on XRPL. Ethereum accounted for about $65.8 million.
On July 1, Ripple minted roughly $169.8 million and burned $150,000. Almost all issuance took place on XRPL. On July 2, the company minted $121.8 million and burned $68.1 million across both networks. After the two-day activity, XRPL recorded a net supply increase of $167.7 million, while Ethereum added about $55.75 million.
The latest issuance followed a large XRPL burn at the end of June. Ripple burned about $146.3 million on June 30, producing a net supply drop of $136.1 million that day. Part of the July minting therefore replaced supply removed earlier rather than creating entirely new growth.
RLUSD’s total supply now stands near $1.634 billion. XRPL holds about $844.5 million, or 51.7%, while Ethereum holds approximately $789.83 million, or 48.3%. The figures show a near-even split, with recent minting activity leaning toward XRPL.
Santiment reported that XRP’s 30-day market value-to-realized value ratio fell to its weakest level since December 2020. Its data shows the average active trader down about 47%, placing many recent buyers in a deep loss position.
The analytics firm said ‘fear and frustration’ had reached rare levels that previously appeared before rebounds. Still, Santiment added that ‘weak MVRV readings alone do not guarantee a reversal.’ The statement frames the data as a possible relief-rally setup, not confirmation of a durable recovery.
Social sentiment has also turned more negative, with bullish and bearish commentary moving closer to balance. Such readings can reduce selling pressure when many holders already sit at a loss. However, XRP still needs stronger volume, stable Bitcoin trading and fresh market demand to confirm any wider rebound.
Some market watchers are tracking a possible move toward $1.40 if XRP holds support and buying interest improves. The key levels sit near $1.05 on the downside and $1.15 on the upside, while a daily close above $1.12 could provide the first technical sign of stronger momentum.
Also Read: RLUSD Overtakes Ethereum on XRP Ledger as XRP Utility Hopes Return