# XRP stalls at $1.08 despite Ripple’s wins, price still stuck

**Published:** 2026-07-07T20:15:30.264Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/cafec0f8-a139-440b-9418-49cd30a8decc

XRP hovers around $1.08 after a 20% June drop; Ripple’s new stablecoin and Mastercard deal haven’t moved the token. See support, resistance and on‑chain trends.

XRP traded at $1.08 on July 2, stuck in a $1.08‑$1.10 band that has repeatedly repelled bears, even though Ripple announced a Visa‑backed stablecoin and a Mastercard AI‑payments partnership in the prior week [2].

| At a glance | |
|---|---|
| Price | $1.08 |
| 24‑hour change | –1.97% |
| Key level | $1.00‑$1.03 support; $1.08‑$1.10 resistance |
| Catalyst | Ripple’s Open USD stablecoin launch and Mastercard settlement partnership [2] |

## Ripple’s wins vs. market reality  
Ripple’s entry into the Open USD stablecoin, backed by Visa, Mastercard, Stripe and over 140 firms, and its naming as a settlement partner in Mastercard’s AI‑payments network, would normally be bullish for XRP [2]. The company’s CEO, Brad Garlinghouse, notes that XRP represents “close to zero percent” of Ripple’s roughly $16 trillion annual payment flow, meaning the token’s price does not automatically benefit from network adoption [2]. Instead, a broad crypto sell‑off dragged Bitcoin below $59,000 and pulled XRP down 20% in June, a move amplified by XRP’s high beta [2].

## On‑chain health and macro pressure  
While price lagged, on‑chain metrics improved: daily active addresses rose about 72% in two weeks, from ~23 k to ~39.5 k, indicating genuine usage growth [2]. At the same time, open interest collapsed from $1.3 billion to under $150 million, stripping leverage that had magnified the decline [2]. The Fear & Greed Index sat at 12 (extreme fear), and the 200‑day moving average has been falling since June 26, underscoring macro‑driven pressure [2].

XRP’s market cap sits near $70 billion, ranking it sixth by size, with a circulating supply of 62.24 billion out of a 100 billion max [1]. The token’s weekly bounce to $1.13 represents an 8% gain from a 19‑month low, but it remains 69% below its $3.66 peak [3].

## Price landscape  
Support currently holds at $1.00‑$1.03, a zone buyers have defended repeatedly. Above that, $1.08‑$1.10 is the immediate ceiling, followed by $1.13‑$1.15 (the 50‑day average) and a critical $1.18‑$1.20 wall that caps the long‑term downtrend since May [2][3].

| Level | Significance |
|---|---|
| $1.00‑$1.03 | Primary support |
| $1.08‑$1.10 | Immediate resistance |
| $1.13‑$1.15 | 50‑day moving average |
| $1.18‑$1.20 | Top of falling channel |

## What to watch
- **$1.00‑$1.03** – breach could trigger a deeper slide toward $0.93.  
- **$1.18‑$1.20** – a clear move above this wall would signal a break of the year‑long downtrend.  
- **ETF flows** – spot‑ETF net outflows appeared on June 30; future inflows or outflows could sway sentiment [2].

XRP’s price remains decoupled from Ripple’s operational wins, highlighting how macro sentiment and token‑specific leverage still dominate its trajectory. The open question is whether the growing on‑chain usage can eventually translate into price appreciation, or if XRP will continue to ride the broader crypto market’s mood.

## Sources
1. CoinMarketCap — [XRP price today, XRP to USD live price, marketcap... | CoinMarketCap](https://coinmarketcap.com/currencies/xrp/)
2. Ibtimes — [XRP at $1.08: Ripple Keeps Winning, So Why Won't the Price Move?](https://www.ibtimes.com/xrp-108-ripple-keeps-winning-so-why-wont-price-move-3804852)
3. Tradingnews — [XRP Price Forecast — XRP-USD ($1.13) Bounces 8% Off a 19-Month...](https://www.tradingnews.com/news/ripple-keep-winning-xrp-keeps-waiting-token-bounces-to-113-usd)

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Cite as: TrendWatcher, "XRP stalls at $1.08 despite Ripple’s wins, price still stuck", https://www.trendwatcher.in/article/cafec0f8-a139-440b-9418-49cd30a8decc