- XRP Receives Psychological Support Amid Rising Network Activity:

XRP's price dropped slightly but remained above the psychological $1.00 level on Tuesday.
XRP's ledger is seeing notable network growth, with the number of newly created addresses rising to nearly 5,000, indicating buying on dips.
U.S. XRP ETFs continued their upward trajectory with $15 million in inflows on Monday, but failed to lift price expectations.

Ripple (XRP) remains steady above the key psychological support level of $1.00 at the time of writing on Tuesday, even as the market experiences a prolonged downturn that began in mid-June.

This decline highlights the prevailing risk aversion in the crypto world. However, XRP is seeing renewed momentum, reflected in the sharp rise in blockchain activity and ongoing institutional inflows.

- XRP Network Activity Rising
The XRP Ledger (XRPL) is seeing a notable increase in network activity, with the number of new wallets created daily approaching 5,000, a level not seen in the past three months, according to Santiment data. This increase indicates that despite continued price pressure near the $1 level, investor engagement remains strong, as participants take advantage of this important psychological support.

XRP Ledger Network Activity | Source: Santiment
Market sentiment is also turning increasingly positive around the $1.00 level, with positive comments now outweighing negative ones by a ratio of 3.7 to 1, confirming the appeal of this level as a buying opportunity on dips.

"Part of this optimism comes from XRP's familiar history of recovery, the ongoing ETF and institutional narratives, and the idea that large investors continued to build their exposure even during bad price moves," said Santiment analysts.

On the other hand, spot XRP ETFs continue to record cash inflows that defy the current bearish expectations in the crypto market. Cash inflows to U.S.-listed ETFs stabilized above $15 million on Monday, bringing total deposits to $1.48 billion and net assets under management to $972 million.

The ongoing demand for XRP ETFs shows that institutions see a positive picture and are willing to increase their exposure even as prices decline near the psychological support level of $1.00.
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