XRP (XRP) holds above the support zone at $1.00 even as the market drops. But activity on the blockchain is increasing.

New wallets, large investors, and ETF activity indicate that users are stepping in when the price looks weak. This suggests that there is demand beneath the surface.

XRP price falls, but demand remains stable

XRP, like the rest of the market, has fallen noticeably this month. The altcoin hit a 19-month low at $1.01 on June 25. It is now trading near $1.05, a decrease of 0.18% over the past day.

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But blockchain data shows something else. Santiment reported that the XRP Ledger added 4,941 new wallets in a single day, the strongest growth in over three months.

Social media has also become more positive. There are 3.7 positive comments for every negative one, the highest level in three months, according to Santiment. Traders see the range between $1.00 and $1.05 as a good opportunity to buy the dip.

"Some of the optimism comes from XRP’s well-known recoveries, stories about ETFs and institutions, and that larger holders have bought more even as the price has fallen," the company says.

Blockchain data supports that picture. According to Santiment, all three major groups increased their holdings in June—despite the price dropping by 21%. Those holding between 10 million and 100 million XRP added 160 million XRP, showing the strongest buy signal.

Smaller groups followed suit. Wallets holding 100,000 to 1 million XRP added 30 million tokens. Holders of 1 million to 10 million XRP bought 20 million more. This shows that large investors continued to buy despite the decline.

Institutional demand is also steady. U.S. XRP ETFs saw net inflows of $22.99 million last week. That means they’ve had inflows for eight straight weeks.

The new week also started positively. Funds received net inflows of 15.34 million USD on Monday. That’s a big difference from Bitcoin and Ethereum ETFs.

Bitcoin ETFs had seven consecutive weeks of net outflows totaling about $7.7 billion. Investors withdrew another $231 million on Monday.

Even Ethereum ETFs have seen outflows for several weeks in a row. But XRP ETFs have had no day with net outflows since June 3, even though some days ended at zero.

Santiment says it is unclear whether the growth in new wallets leads to continued buying pressure or fades as short-term FOMO. Since XRP is near $1.00, the coming days will show how demand develops.

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