XRP Holds $1.10 Support as Post-SEC Rally Momentum Fades

Ripple (XRP) remained stuck near the $1.10 mark on Thursday, underscoring how the market’s appetite for a post-lawsuit rebound has faded even as regulatory uncertainty has eased. The token was last changing hands at $1.1067, up 0.99% over 24 hours but down 24.23% over the past 60 days, reflecting persistent medium-term weakness despite pockets of short-term stability.

As of 1:05 p.m. UTC on July 10, CoinMarketCap data showed XRP with a market capitalization of roughly $69.13 billion, giving it a 3.14% share of the total crypto market and keeping it in sixth place by value. Trading activity was concentrated on centralized exchanges, which accounted for approximately $1.021 billion of the $1.026 billion in daily volume, while decentralized exchange volume totaled only about $541,800—an imbalance that highlights how much of XRP’s liquidity still relies on traditional spot venues rather than on-chain markets.

Price performance across time horizons illustrates the tension between near-term stabilization and a broader downtrend. XRP slipped 0.37% over the last hour while holding modestly positive on the day, yet it remained slightly negative over seven days (-0.07%) and 30 days (-0.87%). The sharper declines over 60 days (-24.23%) and 90 days (-17.67%) suggest that selling pressure intensified during the past two months, likely coinciding with the market’s May–June correction period when XRP underperformed relative to several major assets.

Supply dynamics continue to loom over longer-term valuation debates. XRP’s circulating supply stands at about 62.47 billion tokens—roughly 62.5% of its 100 billion maximum supply—while its fully diluted valuation (FDV) sits near $110.67 billion, around 1.6 times its current market cap. That gap reinforces a recurring concern among traders: Ripple Labs still controls sizable escrowed holdings, and scheduled unlocks can act as a persistent source of potential supply overhang, even if portions are re-escrowed depending on usage and distribution decisions.

On the fundamentals side, proponents argue that XRP’s role in payments remains its strongest long-term narrative. XRP is frequently cited as an asset supporting the ISO 20022 messaging standard—a global framework being adopted across the financial system for richer, standardized transaction data. Bulls have framed that compatibility as a pathway for XRP to function as a ‘bridge asset’ in cross-border settlement flows, though the timeline and scale of that opportunity remain difficult to quantify without clearer evidence of sustained enterprise usage.

Still, the market appears to be shifting its focus away from courtroom catalysts. Ripple’s multi-year dispute with the U.S. Securities and Exchange Commission (SEC) has largely moved out of the headlines after outcomes the industry viewed as broadly favorable to Ripple, reducing the ‘regulatory risk premium’ that had hung over the token. Yet the current price action suggests the resolution has been absorbed, leaving investors looking for the next driver—namely measurable adoption, expanding RippleNet transaction throughput, and a more robust decentralized finance (DeFi) footprint on the XRP Ledger (XRPL).

For now, on-chain indicators implied by trading venue mix point to an ecosystem still in its early stages. With DEX volumes representing roughly 0.05% of total XRP trading, XRPL-native DeFi has yet to capture meaningful liquidity compared with Ethereum (ETH) and other smart-contract platforms. That matters because deeper on-chain markets can reinforce demand via lending, liquidity provision, and composable applications—areas where XRP’s activity remains limited relative to its market capitalization.

Technically, traders are treating $1.10 as a key near-term support level. A sustained break below that zone could expose XRP to a retest of the psychologically important $1.00 area, while a recovery through $1.15 and a push above resistance near $1.20 could revive a short-term rebound narrative. However, a sharp decline in trading volume—down 20.74% from the prior day—signals reduced conviction and a preference for waiting on clearer direction rather than building large new positions.

In the near term, XRP appears to be entering a ‘post-news digestion’ phase, where the removal of a major regulatory overhang has not automatically translated into renewed upside. Until markets see clearer traction in real-world payments usage, stronger XRPL on-chain activity, or fresh institutional catalysts, XRP may continue to oscillate around the $1.10 range as investors reassess what a sustainable growth story looks like beyond the legal narrative.