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XRP traded at $1.09 after falling 1.39% over the past 24 hours. The token underperformed the broader crypto market as network use, institutional demand and derivatives activity weakened.
The total crypto market value slipped 0.58%, while Bitcoin fell 0.62%. XRP faced added pressure from lower active addresses, ETF outflows and reduced leveraged trading. Still, whale accumulation and negative valuation metrics point to ongoing long-term positioning.
Daily active addresses on the XRP Ledger dropped to 25,350 on July 11. That marked the network’s second-lowest daily reading of 2026. New wallet creation also fell to 2,130, its lowest level since November 2024.
The decline follows a brief rise in activity during late June, when traders bought XRP during a market pullback. That demand has since faded, leaving the token without enough spot buying pressure to support a stronger rebound.
Network participation has also weakened across several timeframes. Active addresses measured over 24 hours, seven days and 30 days have fallen since January. Whale transaction counts have also moved lower during the same period.
Meanwhile, XRP Ledger products still provide possible sources of future activity. These include RLUSD stablecoin growth, tokenized assets, payment services and planned lending tools. A rise in these areas could bring more users back to the network.
U.S. spot XRP exchange-traded funds recorded $7.29 million in net outflows on July 8. The withdrawal ended a nine-week inflow streak and pushed total assets held by the funds below $1 billion.
The change reduced a steady source of institutional buying. ETF inflows had supported demand during previous weeks, but the latest outflow suggests fund investors have adopted a more cautious position.
Derivatives traders have also reduced exposure. XRP futures open interest on Binance fell to about 397 million XRP, its lowest level in more than three months. Broader market data shows total open interest dropping from $1.32 billion to $764.57 million.
Additionally, lower open interest shows that traders have closed leveraged positions. This reduces the chance of forced liquidations but it also removes buying power that can support short-term price rallies.
Large wallets holding between 10 million and 100 million XRP have accumulated tokens throughout 2026. At the same time, wallets holding between 100,000 and 10 million XRP have reduced balances.
Several market value to realized value measures remain below zero. The 30-day, 180-day, one-year and three-year readings show that many holders still own XRP below their purchase prices.
XRP also recorded negative network realized profit and loss readings in early July. An Age Consumed spike on July 1 showed that older tokens moved after long periods of inactivity, which can occur during heavy selling phases.
Nevertheless, the XRP price remains inside a descending channel that started after its July 2025 peak near $3.65. Immediate support sits near $1.07, followed by the $1.00 psychological level.
A daily close above $1.15 could open a move toward the channel resistance near $1.22 to $1.28. Buyers would still need to reclaim the $1.40 to $1.60 range to change the wider price structure.
A break below $1.07 could expose the $1.00 to $1.02 zone, while deeper market weakness may bring $0.80 back into focus.
Also Read: XRP Holds Key Support as ETF Inflows and Technical Signals Target $2
