XRP and Ripple Daily Update — 2026-07-02
Ripple has unlocked 1 billion XRP, keeping downward pressure on the token. After a 20% drop in June, XRP is hovering near a 19-month low of $1.01. We’re expecting a consolidation range of $1.02 to $1.11 for now, while the Ripple CTO has unveiled a new proposal to tackle sandwich attacks on the XRP Ledger.
XRP and Ripple Daily Update — 2026-07-02
XRP Market and Price Trends
1. XRP faces persistent weakness Ripple has released 1 billion XRP (valued at $1 billion). XRP saw a 20% decline in June, hitting a 19-month low near $1.01.
2. The battle for the $1 support level XRP is in a precarious tug-of-war around the $1 mark. In the short term, we expect the price to consolidate between $1.02 and $1.11. If it breaks above $1.10, we could see a bullish scenario targeting $1.50–$1.80 (up to $2.80); conversely, a drop below $1.00 could open the path toward $0.90.
3. Derivatives market sentiment cools down Sentiment in the derivatives market is cooling rapidly, as Binance XRP perpetual futures funding rates hit a 3-month low. Open interest has also seen a significant decline, signaling a retreat from aggressive leveraged betting.
Ripple Official Announcements and Tech Updates
1. Ripple CTO proposes new defense against MEV front-running Ripple CTO David Schwartz has proposed a transaction reservation mechanism called 'TxnReserve' to block sandwich attacks and MEV front-running on the XRP Ledger DEX. This is linked to the vote for the XRPL 3.2.0 upgrade and aims to improve the fee-based structure.
2. Ripple pursues global dominance ahead of U.S. CLARITY Act With the market eyeing the potential passage of the U.S. 'CLARITY Act,' Ripple is laying the groundwork for global XRP adoption before the bill takes effect. They are moving beyond short-term price fluctuations to establish a regulatory framework that allows global financial institutions to enter the XRP ecosystem.
3. Why global banks choose XRP: The synergy with RLUSD There has been debate over whether Ripple's stablecoin, RLUSD (Ripple USD), might dilute the value of XRP. However, analysis from firms like Black Swan suggests the two assets are complementary. The real reason global banks choose Ripple (XRP) over Bitcoin is its superior remittance speed, low fees, and high scalability.
Regulatory and Legal Issues
There have been no new reports regarding regulatory or legal issues involving XRP since yesterday. Following the conclusion of the SEC lawsuit in August 2025, Ripple Labs is permanently barred from direct institutional sales in the U.S., but trading XRP on exchanges has been confirmed as non-securities under U.S. federal court precedent.
Reporting period: 2026-07-02 (Past 24 hours) | Please check the original source for precise data as automated extraction from screenshots may be limited.
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