- XRP maintains psychological support amid rising network activity:


XRP's price declined slightly but remained above the $1.00 psychological 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) was still holding above the key psychological support level of $1.00 at the time of writing on Tuesday, even as the market experienced a prolonged downturn that began in mid-June.
This decline highlights the prevailing risk aversion in the crypto space. However, XRP is seeing renewed momentum, reflected in the sharp increase in blockchain activity and ongoing institutional inflows.
- XRP network activity rises
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 surge indicates that despite continued price pressure near the $1.00 level, investor engagement remains strong, with participants taking 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 this level's appeal as a buying opportunity on dips.
"Part of this optimism comes from XRP's familiar history of recoveries, ongoing ETF and institutional narratives, and the idea that large investors continued to build their exposure even during adverse price movements," Santiment analysts noted.
On the other hand, spot XRP ETFs continue to record inflows that defy the current bearish outlook in the crypto market. Inflows into 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 sustained demand for XRP ETFs shows that institutions see a positive picture and are willing to increase their exposure even as prices decline near the $1.00 psychological support level.
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