XRP demand weakened across several key metrics in early July. Active wallets reached their second-lowest daily reading of 2026. New wallet creation fell to its lowest level since November 2024. XRP futures open interest on Binance hit a three-month low. U.S. spot XRP ETFs recorded a net outflow of $7.29 million on July 8, ending a nine-week streak of inflows.
Analysts suggest a potential market reversal based on extremely negative 30-day funding rates. Historically, these rates have preceded price rallies. Technical indicators show XRP may be finishing a corrective phase in preparation for an upward trend.
Ripple secured a license to offer digital payment services across the European Economic Area. The company also partnered with a nonprofit organization to support employment for U.S. military veterans.