XRP ETF Inflows Stretch to 8 Weeks as Wallet Activity Jumps 72% – Ripple’s Hong Kong and Stablecoin Plays Add Fuel

XRP at $1.14: Active wallets surge 72%, exchange balances shrink, institutional inflows continue. California clears Ripple; CLARITY Act vote delayed.

The quietest rallies often leave the deepest footprints. XRP’s price sits at $1.14, a modest 8.73% gain over the past week, but beneath the surface a more telling shift is underway. Investors are pulling tokens off exchanges at an accelerating pace, new wallets are flooding the network, and institutional demand has remained consistently positive for two straight months.

Active XRP wallets have surged 72%, while exchange balances are shrinking. The pattern is textbook accumulation: holders who intend to sell keep coins on trading platforms; those who intend to hold move them into private storage. That dynamic has helped lift XRP from around $1.05 to a current $1.14, though the move has stalled against resistance between $1.11 and $1.18. Support holds at $1.05 to $1.06.

The longer-term picture is less forgiving. XRP has lost 39.25% since the start of the year and 48.60% over the past twelve months. It still trades nearly 69% below its all-time high of $3.65 from July 2025. Yet the on-chain data suggests that a growing number of market participants see current levels as a buying opportunity rather than an exit point.

Ripple itself is adding fuel to that conviction. On July 4, the company partnered with Brinc, a Hong Kong-based accelerator program, to launch a new startup accelerator focused exclusively on projects building on the XRP Ledger. The initiative positions Hong Kong as a regional hub for XRPL development and is part of Ripple’s broader push to establish itself as a digital finance infrastructure provider in Asia.

On the regulatory front, Ripple appears to have cleared a near-term hurdle in the United States without incident. California’s Digital Financial Assets Law required crypto firms to meet certain licensing and operational conditions by July 1. No enforcement actions have been reported against Ripple, signaling that the company is in good standing with state regulators.

That clean bill of health in California contrasts with the situation in Washington, where the Senate has postponed a vote on the CLARITY Act. The bill, which would classify XRP as a digital commodity and provide legal certainty, was expected to come to the floor soon. Now it will not be taken up until at least August. The delay has tempered some of the optimism that the regulatory environment would offer quick clarity. On prediction markets, traders still assign a 70% probability to XRP closing above $1.20 by the end of the month, while a drop below $1 is considered unlikely.

Meanwhile, institutional capital continues to flow in. U.S. spot ETFs tracking XRP recorded net inflows of $6.55 million on July 2, marking the eighth consecutive week of positive flows. Total assets under management across these products now stand at nearly $988 million. The steady inflows align with the shrinking exchange reserves and reinforce the thesis that the money entering XRP is long-term oriented rather than speculative.

Ripple is also attaching itself to a heavyweight stablecoin project. The company is a direct participant in the Open USD initiative, a new stablecoin network backed by Visa, Mastercard, and BlackRock. Though the project does not directly boost XRP’s price, analysts note clear architectural parallels to the original XRP Ledger, and the association strengthens Ripple’s reputation as a pioneer in digital payments.

The network itself is expanding rapidly. On a single day recently, nearly 5,000 new XRP wallets were created – the strongest single-day growth in three months. That surge in wallet creation, combined with the stablecoin alliance and the Hong Kong accelerator, provides a narrative of organic adoption even as the token’s price remains constrained.

Technically, XRP’s relative strength index sits at 51.9, a neutral reading, and the price is hovering near its 50-day moving average of $1.20. The key question is whether the combination of declining exchange supply, rising wallet activity, ETF durability, and Ripple’s strategic moves can break the $1.18 resistance. Until the Senate returns to the CLARITY Act in August, the answer will depend on whether these accumulating forces outweigh the gravitational pull of a delayed regulatory decision.