XRP traded near $1.14 on July 6, with the token up about 0.21% over 24 hours, according to the latest crypto.news price data.
Summary
- XRP is testing $1.20 resistance while buyers try to protect the $1.10 support zone.
- ETF inflows remain positive, but price still needs stronger volume to confirm sustained recovery attempts.
- Lower exchange supply may help bulls only if demand strengthens above current resistance levels soon.
The asset moved between $1.13 and $1.16 during the session, while 24-hour volume stood near $1.25 billion.
The token still holds the sixth spot by market value, with a market cap near $70.98 billion. XRP has gained 8.77% over seven days and 4.23% over the past month, but it remains down 48.95% over the past year.
The latest price action shows a market trying to recover after a sharp decline. XRP moved above the $1.14 area that had blocked earlier attempts, but sellers appeared near $1.158 and pushed the token back toward $1.146.
That pullback turned the session into a support test. Buyers need the former $1.14 resistance area to hold as a base. If the level fails, XRP could move back toward $1.10, where recent recovery attempts have found demand.
Indicators improve, but $1.20 stays heavy
The RSI stands at 51.79, above its moving average at 39.69. That move shows buyers have regained some short-term momentum. The reading is only slightly above the neutral 50 level, so the recovery remains measured rather than strong.
The MACD also shows better short-term conditions. The histogram is positive near 0.0165, while the MACD line sits near -0.0173 and above the signal line near -0.0338. That setup confirms a bullish crossover and shows that bearish momentum has eased.
Recently, XRP faces a key test near $1.20 after a weekly death cross warning. The same analysis placed $1.10 as near-term support and $1.40 as a level that could improve the larger structure. A close above $1.20 would help buyers, while a fall below $1.10 would weaken the recovery.
EGRAG CRYPTO also focused on the same range. The analyst said XRP is not fully bullish or bearish and remains in compression on the two-week chart. In that view, $1.20 is the first level that would show bulls have regained control.
XRP ETF inflows support the demand side
XRP spot ETFs recorded a ninth straight week of inflows, adding $17.19 million despite wider weakness across crypto funds. That stands out because Bitcoin and Ethereum ETFs saw net outflows during the same period.
Crypto.news has tracked this rotation for several weeks. One report said XRP ETFs kept drawing fresh money while Bitcoin and Ethereum funds lost capital, showing selective demand for XRP-linked products during a weak market phase.
The demand picture also fits earlier fund data. Bitwise XRP products in the U.S. and Europe topped $200 million in year-to-date inflows, while XRP funds had also posted strong monthly inflows in May.
ETF demand does not guarantee a price rally. It does show that regulated buyers continue to add XRP exposure while the spot token remains below major resistance. That gap between fund demand and weak price action keeps $1.20 important for traders.
The CLARITY Act remains another market factor. The bill missed its expected July 4 target, and traders now look toward the next Senate window. A longer delay could slow one of XRP’s main regulatory catalysts.
Supply data and analyst levels shape outlook
Exchange supply is also part of the XRP price setup. As crypto.news reported, XRP exchange reserves fell to a seven-year low near 1.6 billion tokens, down about 50% from the October 2025 peak of 3.76 billion.
CryptoQuant analyst Arab Chain said Binance’s XRP Scarcity Index rose to about 0.77, its highest level since mid-2024. The reading suggests XRP has become less available on Binance, possibly due to lower deposits, higher withdrawals, or more off-exchange holding.
A lower tradable supply can reduce selling pressure if demand increases. It does not confirm that price will rise. The next move still depends on whether buyers continue to absorb supply near resistance.
EGRAG CRYPTO said XRP is caught inside a major two-week decision zone. The analyst said the upper wick showed sellers defending resistance around $1.40 and $1.65, while the lower wick showed buyers defending the $1.00 to $1.05 area.
“For now, XRP is not fully bullish and not fully bearish. It is compressing. The next 2W close will decide the direction,” EGRAG wrote.
The near-term map is clear. XRP needs to hold $1.10 to keep the rebound alive, reclaim $1.20 to regain buyer control, and clear $1.40 to show stronger momentum. A move below $1.05 would bring caution, while a break under $0.96 would point to renewed weakness.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
