Can Bulls Defend $1 And Trigger A Rally To $1.51?

By Mishal Ali | Edited By Ammar Raza,July 1, 2026, 11:59 PM

XRP price remains under pressure near a key support level, but rising wallet activity and improving market sentiment suggest renewed investor interest. Traders are viewing the current range as a potential accumulation zone, while holding support could spark a recovery, and a breakdown may extend the ongoing bearish trend.

At the time of writing, XRP is trading at $1.05 with a 24-hour trading volume of $1.6 billion and a market capitalization of $65.42 billion. Following the 1.74% gain over the last 24 hours, the XRP price structure and network growth point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: Ripple’s Bold 2026 XRP Ledger Lending Plan for Institutions

XRP Network Activity Jumps as Bulls Defend $1

The data from Santiment pointed out that the XRP price remained under pressure near the crucial $1 support level, trading around $1.04 after dropping to a 19-month low of $1.01. 

Despite the weak price action, on-chain activity surged as the XRP Ledger recorded 4,941 new wallet creations in a single day, marking its strongest network growth in more than three months and signaling renewed investor interest.

Source: Santiment Intelligence’s X Post

The sentiment among investors is also growing bullish, and social data points to 3.7 bullish reactions for each bearish one, a level that hasn’t been witnessed in the last three months. 

Many traders seem to find it a favorable area for accumulation, at least within the $1.00-$1.05 bracket. It’s unclear whether the wallet increase will amount to buying pressure.

XRP Price Holds Critical Support, Eyes $1.51 Rebound

Moreover, the crypto analyst Crypto Spaces further highlighted that the XRP price is oscillating at an important descending support level along with the fact that it continues to be below its 200-day moving average. 

This is a clear indication of the fact that bears continue to dominate the market. However, the present support level may turn out to be a major pivot point going forward.

Source: Crypto Spaces’ X Post

If this defense is well-executed, it might lead to a relief rally for the XRP price that targets the $1.51 resistance point, giving the bulls an opportunity to regroup. 

However, any breakdown below this descending support line can result in increased selling pressures that will increase the probability of further declines and reinforce the prevailing bearish trend of the XRP price.

Following the strong network growth and bullish chart structure, the XRP price is improving gradually and gaining strength. This is because the general trend in the crypto market is improving with the BTC price climbing upward.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: XRP Ledger Advances Institutional Finance With Open-Source Lending