Despite trading near the psychologically significant $1.00 level, XRP is showing signs of renewed network activity and social enthusiasm. After touching a 19-month low of $1.01 on June 25, the asset held around $1.04 as on-chain and sentiment data revealed a sharp reversal in interest.
According to analytics firm Santiment, the XRP Ledger recorded 4,941 new wallet creations in a single day — the highest network growth spike in more than three months. While new wallet creation does not always translate to immediate buying pressure, it signals rising ecosystem engagement at a time when many investors were questioning the token’s ability to maintain its long-term support zone.
Social sentiment also turned notably bullish. Santiment reported a 3.7-to-1 ratio of positive to negative comments, marking the most optimistic sentiment in three months. This FOMO (fear of missing out) appears driven by XRP’s history of strong rebounds after extended weakness, ongoing speculation around ETF developments, and observations that large holders have been accumulating rather than selling during the downturn.
Institutional interest remains evident in ETF flows. On June 29, U.S. spot XRP ETFs attracted $15.34 million in net inflows, with the Bitwise XRP ETF accounting for $11.94 million and the Canary XRPC product adding $3.40 million. June inflows surpassed $62 million, pushing cumulative net inflows across all spot XRP ETFs to $1.48 billion, per SoSoValue data.
The key question now is whether the surge in new wallets and positive sentiment will translate into sustained buying demand — or if it is merely a short-lived emotional reaction to a perceived discount before another leg down.
