XRP Price Rises as ETF Inflows Surge and Weak US Dollar Boosts Crypto Market
Ripple (XRP) coin started this day on the bullish track and is still showing upward performance in the European trading session...
Quick overview
- Ripple (XRP) is experiencing a bullish trend, currently trading at $1.09 with a 1.95% gain, driven by improving market sentiment.
- The total cryptocurrency market value has risen to $2.14 trillion, with Bitcoin also showing gains, indicating a modest recovery in the crypto market.
- XRP ETF inflows have surged to $11.94 million, reflecting strong investor support despite mixed market performance.
- Weaker US jobs data has contributed to a bearish trend in the US dollar, further boosting demand for risk assets like cryptocurrencies.
Ripple (XRP) coin started this day on the bullish track and is still showing upward performance in the European trading session. At the time we are writing this article, the XRP is trading at the $1.09 level, showing a 1.95 percent gain on the day. The improving sentiment in the crypto market was seen as one of the key factors behind this upward performance.
On Friday, the total value of all cryptocurrencies is $2.14 trillion, showing an increase of 2.15 percent in the last 24 hours. Moreover, the gains in the world’s largest crypto, Bitcoin, are also proving that the crypto market is recovering at a modest rate. Bitcoin is trading at $61,648, showing more than 1 percent gain in the last 24 hours.
On the other side, the XRP ETF inflows soar to $11.94 million, which is another key factor that is helping the XRP coin to stay bid. Morevoer, the bearish US doillar, pressure by the weaker US jobs data and lower expectations of Federal Reserve interest rate hikes, is also supporting the crypto market.
🚨 BREAKING: BITWISE ETF CLIENTS JUST BOUGHT $6.55 MILLION WORTH OF XRP. pic.twitter.com/gxf5oYZKIy
— Crypto News Hunters 🎯 (@CryptoNewsHntrs) July 3, 2026
Weak US Jobs Help Crypto Market
On the US front, the broad-based US dollar failed to stop its bearish trend and remained under pressure as traders trimmed their bets for interest rate hikes by the US Federal Reserve following the release of softer-than-expected US monthly employment details on Thursday. On the data front, the closely watched US Nonfarm Payrolls report showed that the economy added only 57,000 new jobs in June, compared to the expected 110,000. Moreover, the previous month’s reading was revised down from 172K to 129K, while the Unemployment Rate edged lower to 4.2% in June.
Therefore, the weaker US jobs data boosted crypto sentiment as increasing expectations of lower interest rates undermined the dollar and increased demand for risk assets. Moving ahead, trading volumes are expected to remain low on Friday as the US stock and bond markets will remain closed in observance of Independence Day.
XRP Still Has Strong Investor Support
Despite the fact that the crypto market has not fully recovered yet and is showing mixed performance, big investors are still investing in XRP. This can be witnessed by the strong inflows of Bitwise XRP ETF, which received 11.94 million dollars in new inflows in just one day.
Bitwise XRP ETF launch in November and since then, this single ETF has attracted more than 505 million dollars in total inflows, which clearly shows that large investors still believe in the future of the XRP coin and are not afraid of short term price movement in the market.
At this time, the XRP coin is showing small gains, meaning it is not rising sharply, however, analysts say that if it breaks a strong resistance level, the price could see strong upward momentum.
Investors are now waiting for some news to enter the market and for XRP to break one of its strong resistance levels so they can make a profit. All these numbers and this level of confidence show that the big players still have faith in XRP.
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