New month, same two stories: ETF money kept coming in and Ripple's escrow cycle ran on schedule. Price, again, did not follow.
XRP market moves
XRP opened July 1 (00:00 UTC) at about $1.04, down roughly 1.6% on the day, with a market cap near $64.6B (CoinGecko daily history). It closed June down about 22% from its June 1 level of $1.33, holding just above the $1 support traders flagged last month.
Flows and macro
June in ETFs. US spot XRP ETFs added about $59.4M in net inflows in June, per CoinDesk's daybook. That's the third consecutive month of net inflows, though slower than April and May. CoinDesk singled out XRP and HYPE funds as "bright spots" while investors pulled money from bitcoin and ether ETFs.
Our numbers. The XRP Insights daily flow series we use sums to about $50.9M for June. The roughly $8.5M gap with CoinDesk's figure likely comes from different fund coverage or data vendors. We flag it rather than pick one. The direction, positive and modest, is the same either way.
The last day. June 30 itself was negative, about -$5.9M in our data, after a +$13.8M session on June 29. Flows are lumpy day to day; the monthly trend is what matters.
The July escrow cycle
Ripple's monthly escrow ran today as it has every month in our tracker: - Released: 1B XRP (scheduled) - Re-locked: 700M XRP, flagged by @whale_alert and checkable on-ledger - Net new float available to Ripple: up to 300M XRP
As always, released XRP is not the same as sold XRP. Ripple hasn't published an XRP sales report since Q1 2025, so there's no official number for what happens to the 300M. That's the disclosure gap we flag every month.
Wall Street keeps building
June set up several July catalysts worth tracking: - MiCA: Ripple's Luxembourg CASP license is still preliminary. Final authorisation would make Ripple fully MiCA-compliant across 30 EEA countries. - XLS-65/66 lending: on testnet, awaiting a validator vote that needs >80% support for two straight weeks. - RLUSD distribution: Türkiye and Japan went live in June; RLUSD sits near $1.7B per Ripple.
What people are talking about
The "ETFs are buying, why is price falling?" question is the loudest on X. The plain answer is scale. Roughly $50–60M a month in ETF inflows is real demand, but XRP trades billions in daily spot volume, and the month's macro tone for crypto was risk-off. ETF flows are a signal of steady institutional interest, not a price floor.
On-chain data
Escrow re-lock streak: 700M every month since at least Nov 2025 (our tracker)
Leverage: futures open interest was reported sharply lower at the end of June, which reduces liquidation-driven swings
Active addresses: reported up about 72% over the last two weeks of June
Question everything
You'll see posts claiming the July re-lock "removes 700M from supply." It defers it. Re-locked XRP comes back later in the schedule. And posts claiming "Ripple dumped 300M" have no public evidence for the sale, only for the release.
What to watch next
Final MiCA authorisation for Ripple in Luxembourg.
XLS-65/66 validator count on the amendment dashboards.
July ETF flows, and whether a fourth positive month arrives.
Key numbers at a glance
XRP at about $1.04, down about 22% in June
June ETF inflows of $59.4M (CoinDesk) or $50.9M (our data)
July escrow: 1B released, 700M re-locked
Third straight positive ETF month
The XRPTRACER take
Three straight months of ETF inflows while BTC and ETH ETFs bleed is a genuine relative-strength signal for XRP among institutions. It hasn't shown up in price, and it may not until the broader market turns. Into July we're watching for a fourth inflow month, the final MiCA decision and the XLS-65/66 vote. See the live numbers on the ETF Tracker and the Ripple Unlocks section of the Catalyst Tracker.
Sources: CoinDesk daybook: XRP, HYPE funds are the bright spots · @whale_alert July re-lock · Ripple Q1 2025 XRP Markets Report · CoinGecko XRP history · XRP Insights ETF flows
Price is CoinGecko's daily snapshot at 00:00 UTC on July 1, 2026. ETF flows through June 30.
Not investment advice. See our Disclaimer.
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